Market Overview: Crude Oil Futures The market formed a weekly Crude oil second leg down to retest the June 24 low. The bears must create strong follow-through selling trading below the June 24 low to increase the odds of the bear leg testing the trading range low. The bulls want the 20-week EMA and the […]
Weekly EURUSD Bulls Want Follow-through Buying
Market Overview: EURUSD Forex The weekly EURUSD bulls want follow-through buying on the weekly chart followed by another strong leg up. They want another leg up to form the larger wedge pattern, with the first two legs being April 21 and July 1 highs. The bears want another leg down to form the wedge pattern […]
Weekly EURUSD Two-Legged Pullback
Market Overview: EURUSD Forex The market formed a weekly EURUSD two-legged pullback testing the 20-week EMA. The bears want another leg down to form the wedge pattern (with the first two legs being Jul 17 and Aug 1 lows). The bulls want a retest and breakout above the July 1 high, followed by a resumption […]
Weekly Crude Oil Second Leg Sideways to Down
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil second leg sideways to down testing the June 24 low. The bulls want the 20-week EMA and the June 24 low area to act as support. The bears must create strong follow-through selling trading below the 20-week EMA and the June 24 low […]
No Weekly Emini Follow-through Selling
Market Overview: S&P 500 Emini Futures There was no weekly Emini follow-through selling as the market formed an ioi (inside-outside-inside) pattern. The bulls must create a strong breakout above the July 31 high with follow-through buying to increase the odds of a measured move. The bears want the market to stall around the July 31 […]
Emini 4-Bar Bull Microchannel
Market Overview: S&P 500 Emini Futures The market formed a S&P 500 Emini 4-bar bull microchannel on the monthly chart. The bulls expect at least a small second leg sideways to up after any pullback. The bears must create strong bear bars to show they are back in control. S&P500 Emini futures The Monthly Emini […]
Monthly Crude Oil Bull Leg
Market Overview: Crude Oil Futures The market formed a monthly Crude oil bull leg. The bulls want a retest of the bull leg extreme high (Jun 23), even if it only forms a lower high. The bears need to create strong bear bars closing below the 20-month EMA to show they are back in control. […]
Monthly EURUSD Pullback Below Bull Microchannel
Market Overview: EURUSD Forex The market formed a monthly EURUSD pullback below bull microchannel in August. The bulls see the current move as a pullback and want it to have poor follow-through selling. The bears must create follow-through selling in August to increase the odds of a failed breakout. EURUSD Forex market The Monthly EURUSD […]
Weekly EURUSD Retest of Recent High
Market Overview: EURUSD Forex The market is forming a weekly EURUSD retest of recent high. The bulls want another leg up to form the wedge pattern, with the first two legs being April 21 and July 1 highs. The bears want a lower high major trend reversal and a small double top. EURUSD Forex market […]
Weekly Crude Oil Bears Need Follow-through
Market Overview: Crude Oil Futures The weekly Crude Oil bears need follow-through selling trading below the 20-week EMA to increase the odds of testing near the bottom of the trading range. The bulls want the 20-week EMA to act as support, followed by a retest of the June 23 high, even if it only forms […]
