Market Overview: S&P 500 Emini Futures The market formed a weekly strong Emini pullback testing the 20-week EMA. If there is a pullback, the bulls want it to be minor, forming a double bottom bull flag (and a higher low) with the April 21 low. The bears They want the 20-week EMA or the March […]
Monthly Emini Bulls Need Follow-through Buying
Market Overview: S&P 500 Emini Futures The monthly Emini bulls need follow-through buying following the strong reversal from the April 9 low. They hope the selloff (Apr 7) has alleviated the overbought conditions. The bears want the market to form a lower high and the bear trend line to act as resistance. S&P500 Emini futures […]
Emini 2-Legged Sideways to Up
Market Overview: S&P 500 Emini Futures The market is forming an Emini 2-legged sideways to up on the weekly chart. The bulls must create strong follow-through buying to increase the odds of a trend resumption. If the market trades higher, the bears want it to stall below the March 25 high, forming a large double […]
Weekly Emini Bulls Want a Second Leg Up
Market Overview: S&P 500 Emini Futures The weekly Emini bulls want a second leg up to retest the 20-week EMA or the March 25 high. They must create strong consecutive bull bars to increase the odds of higher prices. The bears want the third leg down completing the wedge pattern after the pullback (the first […]
Emini Bulls Need Strong Follow-through Buying
Market Overview: S&P 500 Emini Futures The Emini bulls need strong follow-through buying following to increase the odds of testing the 20-week EMA. The bears want the pullback to be weak and sideways. They want it to stall below the March 25 high, forming a large double top bear flag. S&P500 Emini futures The Weekly […]
Emini Bear Breakout
Market Overview: S&P 500 Emini Futures The market formed an Emini bear breakout from the 5-month trading range on the monthly chart. The bears want the third leg down completing the wedge pattern (with the first two legs being Mar 13 and now Apr 4). The bulls hope the July 27 high, or the 200-week […]
Weekly Weak Emini Pullback
Market Overview: S&P 500 Emini Futures The market formed a weekly weak Emini pullback, forming an outside bear bar closing near its low. The bears want a retest and breakout below the March 13 low. The bulls want the September or August lows to act as support. S&P500 Emini futures The Weekly S&P 500 Emini […]
Weekly Emini Minor Pullback
Market Overview: S&P 500 Emini Futures The market is forming a weekly Emini minor pullback. The bulls must create consecutive bull bars closing near their highs to show they are back in control. The bears want the pullback to be weak and sideways (overlapping candlesticks, doji(s), bear bars, long tails above candlesticks). S&P500 Emini futures […]
Weekly Emini Parabolic Wedge
Market Overview: S&P 500 Emini Futures The market formed a weekly Emini parabolic wedge (Feb 28, Mar 7, and Mar 13). The bulls see the market as being in a broad bull channel and want the pullback to form a higher low. If the market trades higher, the bears want the January 13 low, the […]
Weekly Emini Bear Breakout
Market Overview: S&P 500 Emini Futures The market formed a weekly Emini bear breakout below the 23-week trading range. The bulls want a reversal from a double bottom bull flag (Jan 13 and Mar 7) or a wedge bull flag (Nov 4, Jan 13, and Feb 28). The bears must create follow-through selling following this […]
