Market Overview: EURUSD Forex The market is forming a weekly shallow EURUSD pullback testing the breakout point (Aug/Sept highs). The bears want a failed breakout followed by a retest of the middle of the trading range. The bulls must create a breakout above the micro wedge with sustained follow-through buying to increase the odds of […]
Monthly EURUSD Bull Breakout
Market Overview: EURUSD Forex The market formed a monthly EURUSD bull breakout above the trading range. The bulls must create a follow-through bull bar in May to increase the odds of a successful breakout. The bears want a failed breakout followed by a retest of the middle of the trading range. EURUSD Forex market The […]
Monthly Crude Oil Testing the Trading Range Low
Market Overview: Crude Oil Futures The market formed a monthly Crude Oil testing the trading range low. The bears need to create a strong breakout below the December and May lows with follow-through selling to increase the odds of a measured move down. The bulls hope the trading range low area will act as support. […]
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 […]
EURUSD Bears Want a Failed Breakout
Market Overview: EURUSD Forex The EURUSD bears want a failed breakout above the trading range. They must create a strong bear entry bar to increase the odds of a failed breakout. The bulls want any pullback to be weak, sideways, and lacking in follow-through selling. EURUSD Forex market The Weekly EURUSD chart The Daily EURUSD […]
Crude Oil Bulls Need More Follow-through Buying
Market Overview: Crude Oil Futures The Crude Oil bulls need more follow-through buying to increase the odds of the bull leg trading higher. The bears want a lower high and a double top bear flag with the April 2 high. They want the 20-week EMA or the bear trend line to act as resistance. Crude […]
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 […]
Crude Oil Bull Entry Bar
Market Overview: Crude Oil Futures The market formed a Crude Oil bull entry bar on the weekly chart. They need to create a strong follow-through bull bar to increase the odds of the bull leg trading higher. The bears want the market to form a lower high or a double top bear flag with the […]
Weekly EURUSD Bulls Need Follow-through
Market Overview: EURUSD Forex The weekly EURUSD bulls need follow-through buying following the breakout above the trading range. They want a strong breakout followed by a measured move based on the height of the trading range. The bears want a failed breakout followed by a retest of the middle of the trading range. EURUSD Forex […]
