Market Overview: EURUSD Forex The market is forming a weekly EURUSD minor pullback on the weekly chart. 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 must create strong bear bars to increase the odds of a deeper pullback. […]
EURUSD Pullback Below the Bull Microchannel
Market Overview: EURUSD Forex The market formed a EURUSD pullback below the bull microchannel this week. The bulls want a retest of the recent leg extreme high (Jul 1) followed by a continuation of the move. The bears must create follow-through selling to increase the odds of a deeper pullback. EURUSD Forex market The Weekly […]
Weekly Crude Oil Bear Flag
Market Overview: Crude Oil Futures The market is forming a weekly Crude Oil bear flag on the weekly chart. The bulls must create more bull bars to increase the odds of retesting the June 23 high. The bears see the last two weeks as a pullback and want another strong leg down from a lower […]
Weekly Emini Tight Bull Channel
Market Overview: S&P 500 Emini Futures The market formed a weekly Emini tight bull channel testing the prior all-time high. The bulls must create a strong breakout above the prior all-time high (Dec 6) with follow-through buying to increase the odds of a sustained move. The bears want a failed breakout above the prior all-time […]
Strong Emini Retest All-Time High
Market Overview: S&P 500 Emini Futures The market formed a strong Emini retest all-time high on the monthly chart. The bulls want a big leg up lasting many months. The bears want a higher high major trend reversal and a double top. S&P500 Emini futures The Monthly Emini chart The Weekly S&P 500 Emini chart […]
Monthly Crude Oil Trading Range
Market Overview: Crude Oil Futures The monthly Crude Oil trading range is currently trading around the middle of its range which is an area of balance. The bulls want a retest of the recent leg extreme high (Jun 23), even if it only forms a lower high. The bears hope to get a retest of […]
Strong EURUSD Breakout
Market Overview: EURUSD Forex The bulls got a strong EURUSD breakout above the trading range in June. They want a strong breakout and a measured move based on the height of the trading range which will take the market to the 2021 high area. The bears want the bear trend line and the upper third […]
EURUSD 7-Bar Bull Microchannel
Market Overview: EURUSD Forex The market formed a EURUSD 7-bar bull microchannel on the weekly chart which means persistent buying. The bulls must create strong follow-through buying above the April 21 high to increase the odds of a successful breakout.The bears see the current move forming a wedge pattern (Mar 18, Apr 21, and Jun […]
Crude Oil Test Middle of the Trading Range
Market Overview: Crude Oil Futures The market formed a Crude Oil test middle of the trading range and the 20-week EMA. The bulls hope to get a retest of the recent high (Jun 23), even if it only forms a lower high. The bears must create follow-through selling trading below the 20-week EMA to increase […]
Weekly Emini Outside Bull Bar
Market Overview: S&P 500 Emini Futures The market formed a weekly Emini outside bull bar testing near the all-time high. The bulls must create a strong breakout above the all-time high (Dec 6) with follow-through buying to increase the odds of a sustained move. The bears want a reversal from a lower high major trend […]
