Market Overview: Crude Oil Futures The market formed a weekly Crude Oil trading range around the middle of the large trading range. The bears hope this week was simply a pullback and want another retest of the August 5 low. The bulls want a reversal from a double bottom bull flag (Jun 4 and Aug […]
Weekly Emini Retest All-Time High
Market Overview: S&P 500 Emini Futures The market formed a weekly Emini retest all-time high in the form of strong consecutive bull bars. The bulls want a retest of the all-time high and a resumption of the broad bull channel. The bears want a reversal from a lower high major trend reversal or a double […]
Strong Emini Consecutive Bull Bars
Market Overview: S&P 500 Emini Futures The weekly chart formed a strong Emini consecutive bull bars closing near their highs. The bulls want a retest of the all-time high and a resumption of the broad bull channel. The bears want a reversal from a lower high major trend reversal or a double top bear flag […]
Weekly Crude Oil Lower High
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil lower high. The bears must create a strong entry bar to increase the odds of retesting the August 5 low and the triangle bottom. The bulls hope that this week was simply a pullback and want at last a small retest of the […]
Weekly EURUSD Breakout
Market Overview: EURUSD Forex The market formed a weekly EURUSD breakout above the triangle. The bulls need to create more follow-through bull bars following this week’s breakout to increase the odds of testing the July 18, 2023, high. The bears want a reversal from a large wedge bear flag (Mar 8, Jun 4, and Aug […]
No Weekly EURUSD Breakout
Market Overview: EURUSD Forex So far, there is no weekly EURUSD breakout above the triangle pattern. The bulls hope this week was a pullback and want the market to break out above the triangle again. The bears want a reversal from around the top of the triangle pattern and the bear trend line to act […]
Crude Oil Double Bottom Bull Flag
Market Overview: Crude Oil Futures The market formed a Crude Oil double bottom bull flag on the weekly chart. If there is a pullback (bounce), the bears want at least a small second leg sideways to down to retest the current leg low (now Aug 5). The bulls want a reversal from a double bottom […]
Weekly Emini Double Bottom Bull Flag
Market Overview: S&P 500 Emini Futures The market formed a weekly Emini double bottom bull flag (Apr 19 and Aug 5). The bulls want a reversal from a double bottom bull flag (Apr 19 and Aug 5) and hope to get a small retest of the all-time high, even if it only forms a lower […]
Monthly Emini Pullback
Market Overview: S&P 500 Emini Futures The market is forming a monthly Emini pullback following an extended rally. The bulls want the current pullback to be sideways and shallow. The bears need to create a strong bear bar in August with follow-through selling in September to increase the odds of retesting the 20-month EMA. S&P500 […]
Monthly Crude Oil Lower High
Market Overview: Crude Oil Futures The market formed a monthly Crude Oil lower high in July. The bears want a reversal from a lower high major trend reversal, a wedge bear flag (Sep 28, Apr 12, and Jul 5), and a double top bear flag (Apr 12 and Jul 5). The bulls hope that the current sideways-to-down […]
