Market Overview: Crude Oil Futures Crude oil bears want a large second leg sideways to down. Bears want the 20-week EMA or the bear trend line to act as resistance. Bulls need consecutive bull bars closing near their highs to demonstrate control. Crude oil futures The Weekly crude oil chart The Daily crude oil chart […]
E-mini High 2 Buy Setup
Market Overview: S&P 500 E-mini Futures This week triggered the Emini High 2 buy setup on the weekly chart. Bulls need sustained follow-through buying to increase the odds of a trend resumption. Bears want the June 15 high to act as resistance, forming a double top bear flag and a lower high major trend reversal. […]
EURUSD ii Breakout Mode Pattern
Market Overview: EURUSD Forex The market is forming a EURUSD ii breakout mode pattern on the weekly chart. Bulls want the low of the trading range to act as support. Bears want a strong breakout below the ii (inside-inside) pattern with follow-through selling. EURUSD Forex market The Weekly EURUSD chart The Daily EURUSD chart Market […]
EURUSD Is Testing the Low of the Trading Range
Market Overview: EURUSD Forex The EURUSD is testing the low of the trading range and the 20-month EMA. Bears need a decisive breakout below to increase the odds of a measured move down based on the height of the trading range. Bulls hope the 20-month EMA and the low of the trading range will act […]
Monthly Crude Oil Breakout
Market Overview: Crude Oil Futures The market formed a monthly Crude oil breakout below the ii (inside-inside) and triangle patterns in June. Bears want a retest of the 20-month EMA and the breakout point (February 27). Bulls want the 20-month EMA or the March 2 low to act as support. Crude oil futures The Monthly […]
Monthly E-mini Pullback
Market Overview: S&P 500 E-mini Futures The market formed a monthly E-mini pullback around the trend channel line. Bulls want a measured move to around 8000 based on the height of the April spike bar. Bears need to create strong bear bars to indicate strength. Without that, traders will be reluctant to sell aggressively. S&P500 […]
Crude Oil Strong Bear Leg
Market Overview: Crude Oil Futures The market formed a Crude oil strong bear leg testing near the March 10 low. The next target for the bears is the June 23 breakout point of the rally. Bulls hope the bottom of the trading range will provide support. Crude oil futures The Weekly crude oil chart The […]
Weekly EURUSD Bears Want a Breakout
Market Overview: EURUSD Forex The weekly EURUSD bears want a breakout below the trading range followed by a measured move based on the height of the trading range. Bulls want a failed breakout below the trading range, followed by a bull leg to retest the top of the range. EURUSD Forex market The Weekly EURUSD […]
Weekly E-mini Bears Need Strong Follow-through Selling
Market Overview: S&P 500 E-mini Futures The weekly E-mini bears need strong follow-through selling breaking decisively below the 20-week EMA to indicate control. Bulls want the pullback to be weak and sideways, lacking follow-through selling, with overlapping candlesticks and prominent lower tails and the 20-week EMA to act as support. S&P500 E-mini futures The Weekly […]
Bears Want a EURUSD Breakout
Market Overview: EURUSD Forex The bears want a EURUSD breakout below the trading range, followed by a measured move based on the height of the trading range. Bulls want a reversal from a large double bottom bull flag (March 13 and June 19) and a trend channel line overshoot. EURUSD Forex market The Weekly EURUSD […]
