Market Overview: S&P 500 Emini Futures The weekly chart formed an Emini follow-through bull bar following the breakout above the bear trend line. The next target for the bulls is the July 27 high. The bears want a reversal from a lower high major trend reversal or a double top with either the September 1 […]
Emini Strong Bulls
Market Overview: S&P 500 Emini Futures The Emini Strong Bulls formed 3 consecutive bull bars closing near their highs, breaking far above the 20-week EMA and the bear trend line on the weekly chart. They want a resumption of the bull trend. The bears hope to get a reversal from a lower high major trend […]
Emini Follow-through Bull Bar
Market Overview: S&P 500 Emini Futures The weekly chart formed an Emini follow-through bull bar closing above the 20-week EMA and the October high. The bulls need to continue creating follow-through bull bar trading above the bear trend line to increase the odds of a retest of the July 27 high. The bears want the […]
Emini Climactic Reversal
Market Overview: S&P 500 Emini Futures The weekly chart formed an Emini climactic reversal reversing half of the whole move down within a week. The bulls need to create follow-through buying next week to increase the odds of higher prices. The bears hope that this week was simply a 50% pullback and wants a larger […]
Emini Wedge
Market Overview: S&P 500 Emini Futures The weekly chart formed the third leg down, an Emini Wedge. The market also broke below the trend channel line. The bulls want a reversal up from a wedge bull flag. However, they will need a strong reversal bar or a micro double bottom before they would be willing […]
Emini Another Leg Down
Market Overview: S&P 500 Emini Futures The market is forming Emini another leg down after reversing into a big outside bear bar. The bulls want a reversal up from a wedge bull flag. The bears want a strong breakout far below the October 3 low. S&P500 Emini futures The Weekly S&P 500 Emini chart The […]
Weak Emini Follow-through Bull Bar
Market Overview: S&P 500 Emini Futures The market traded higher but closed with a long tail above forming a weak Emini follow-through bull bar. The bulls want the Emini to reverse back above the 20-week exponential moving average. The bears want another leg down to complete the wedge pattern with the first 2 legs being […]
Emini Test Breakout Point
Market Overview: S&P 500 Emini Futures The weekly chart formed an Emini test breakout point; a two-legged pullback testing the February 2 high (breakout point) and the bull trend line. The bulls see the current move down simply as a 50% pullback (of the move which started in March) within a broad bull channel. If […]
Emini Pullback within Broad Bull Channel
Market Overview: S&P 500 Emini Futures The monthly chart formed an Emini pullback within a broad bull channel testing the 20-month exponential moving average and the bull trend line. The bulls see the market as still being in a broad bull channel and want a reversal to retest the July 27 high. The bears got […]
Emini Two-legged Pullback
Market Overview: S&P 500 Emini Futures The weekly chart formed an Emini two-legged pullback testing near the February 2 breakout point. The bulls see the move simply as a pullback and want a retest of the July 27 high followed by a strong breakout above. The bears need to create follow-through selling following this week’s […]
