Market Overview: S&P 500 Emini Futures The market formed a weekly Emini breakout into new all-time high. The bulls want another leg up completing the wedge pattern with the first two legs being March 21 and July 16 highs and the embedded wedge in the current leg up with the first two legs being August […]
Monthly Emini Third Leg Up
Market Overview: S&P 500 Emini Futures The market is forming a monthly Emini third leg up, with the first two legs being the March 21 and July 16 highs. The bulls want another leg up completing the wedge pattern and the embedded micro wedge pattern with the first two legs being the August 30 and […]
Weekly Crude Oil Big Outside Bull Bar
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil big outside bull bar closing above the 20-week EMA. The bulls want a retest of the triangle high and a strong breakout above. They must create consecutive bull bars closing near their highs to increase the odds of a breakout above the triangle […]
Monthly EURUSD Double Top Bear Flag
Market Overview: EURUSD Forex The market formed a monthly EURUSD double top bear flag (July 18 and Sept 25). 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 […]
EURUSD Retesting August High
Market Overview: EURUSD Forex The market is forming a EURUSD retesting August high on the weekly chart. The bulls want a breakout above the August 23 high followed by a retest of the July high. The bears want a reversal from around the upper third of the large trading range from a double top bear […]
Crude Oil Bears Need Follow-through
Market Overview: Crude Oil Futures Crude Oil bears need follow-through selling on the weekly chart. They see the recent move as a pullback and want a reversal from another lower high followed by another leg down completing the wedge pattern (with the first two legs being Aug 5 and Sep 10). The bulls hope to […]
Emini Losing Momentum
Market Overview: S&P 500 Emini Futures The weekly chart indicates an Emini losing momentum with the progressive smaller bull bars in the last 3 weeks. If the market trades lower, the bulls want the 20-week EMA or the bull trend line to act as support, forming a double bottom bull flag with the September 6 […]
Emini Retest All-time High
Market Overview: S&P 500 Emini Futures The market formed an Emini retest all-time high this week. The bulls must create a strong breakout with follow-through buying to increase the odds of the trend resuming. The bears want a reversal from a double top (Jul 16 and Sep 19) and a higher high major trend reversal. […]
Weekly Crude Oil Bull Entry Bar
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil bull entry bar on the weekly chart. The bulls need to create a follow-through bull bar to increase the odds of testing the middle of the trading range. The bears want a reversal from a double top bear flag (with the first leg […]
Weekly EURUSD Retesting August High
Market Overview: EURUSD Forex The market formed a weekly EURUSD retesting August High this week. The bulls need to create a follow-through bull bar breaking above the August 23 high to increase the odds of testing the July trading range high. The bears want a reversal from around the upper third of the large trading […]
