Market Overview: S&P 500 Emini Futures There was no Emini follow-through selling on the weekly chart this week. The bears are not yet as strong as they hoped to be. They see this week as a retest of the prior trend extreme high (Nov 11) and want a reversal from a lower high major trend […]
Weekly Crude Oil Outside Bull Bar
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil outside bull bar closing above the 20-week EMA. The bulls must create follow-through buying above the bear trend line and the 20-week EMA to increase the odds of testing the October 8 high. The bears want a retest of the October low and […]
EURUSD Breakout Below the Trading Range
Market Overview: EURUSD Forex The market formed a EURUSD breakout below the trading range this week. The bears want follow-through selling and a measured move down based on the height of the trading range. The bulls want a failed breakout and the trading range low to act as support followed by a retest of the […]
EURUSD Strong Bear Leg
Market Overview: EURUSD Forex The market formed a EURUSD strong bear leg testing the trading range low. The bears want a retest of the trading range low followed by a strong breakout below. The bulls see the current move as a sell vacuum and a bear leg within a trading range. They want the trading […]
Weekly Crude Oil Bear Entry Bar
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil bear entry bar testing near the October 29 low. The bears must create follow-through selling to increase the odds of a retest and breakout below the triangle. The bulls want the October low or the bottom of the triangle to act as support. […]
Emini Failed Breakout
Market Overview: S&P 500 Emini Futures The bears want an Emini failed breakout following a possible buy climax (big bull bar late in a trend). They need to create a couple of consecutive bear bars closing near their lows to increase the odds of a failed breakout and a TBTL (ten bars, two legs) pullback […]
Weekly Emini Big Bull Bar
Market Overview: S&P 500 Emini Futures The market formed a weekly Emini big bull bar closing near its high. The bulls need to create follow-through buying following this week’s strong breakout to increase the odds of testing the trend channel line. The bears see this week’s big bull bar as part of a developing buy […]
Weak Crude Oil Bull Doji
Market Overview: Crude Oil Futures The market formed a weak Crude Oil bull doji closing below the 20-week EMA. The bulls want a reversal from a double bottom bull flag (Oct 1 and Oct 29). They must create bull bars trading above the 20-week EMA to increase the odds of testing the October 8 high. […]
Weekly EURUSD Second Leg Sideways to Down
Market Overview: EURUSD Forex The market formed a weekly EURUSD second leg sideways to down to test near the June low. The bears want a retest of the April and the October lows. The bulls see the current move as a sell vacuum and a bear leg within a trading range. They want the June […]
Monthly EURUSD Pullback
Market Overview: EURUSD Forex The market formed a monthly EURUSD pullback to the middle of the trading range. The bulls see the current move as a pullback and a retest of the breakout point. They want the bull trend line or the 20-month EMA to act as support followed by a retest of the recent […]
