Market Overview: S&P 500 Emini Futures The Emini stalled around the all-time high by closing as an outside bear doji. The bulls want a strong breakout into a new all-time high territory, hoping that it will lead to many months of sideways to up trading. The bears hope to get a TBTL (Ten Bars, Two […]
Emini Parabolic Wedge
Market Overview: S&P 500 Emini Futures The weekly chart is in a tight bull channel which means strong bull, but it is also forming an Emini parabolic wedge (Nov 22, Dec 28, and Feb 9). The bulls need to continue creating follow-through buying above the all-time high. The bears want a reversal from a double […]
Emini Test All-Time High
Market Overview: S&P 500 Emini Futures The monthly chart is forming an Emini test all-time high. The bulls hope that the market will reach the all-time high and break out above. The bears want a reversal from a lower high major trend reversal or a double top and a large wedge pattern (Dec 2, July […]
Emini Bull Channel
Market Overview: S&P 500 Emini Futures The weekly chart is possibly forming an Emini bull channel following the recent pullback. The next target for the bulls is the all-time high. They want a strong breakout into new all-time high territory, hoping that it will lead to many months of sideways to up trading. The bears […]
Emini Breakout above the Dec 28 high
Market Overview: S&P 500 Emini Futures The weekly chart: The Emini breakout above the Dec 28 high and the bulls need follow-through buying to increase the odds of a retest of the all-time high. The bears want the Emini to stall around the December 28 high area or the trend channel line area. S&P500 Emini […]
Emini Retested the December High
Market Overview: S&P 500 Emini Futures The S&P 500 Emini retested the December high following a 1 bar pullback on the weekly chart. The bulls want a breakout above the December 28 high and retest the all-time high. The bears want the market to stall around the December high area and form a Low 2 sell setup. […]
Emini Start of Pullback
Market Overview: S&P 500 Emini Futures The market formed an Emini start of PB (pullback) following a climactic rally, ending the 10-bar bull microchannel streak. The bulls want the pullback to be sideways and shallow (with doji(s), bull bars and overlapping candlesticks), possibly forming a double bottom bull flag. The bears will need to create […]
Emini Strong Consecutive Bull Bars
Market Overview: S&P 500 Emini Futures The monthly chart formed an Emini strong consecutive bull bars closing above the July 27 high. The next target for the bulls is the all-time high. They will need to create a follow-through bull bar in January to increase the odds of a breakout above the all-time high. The […]
Emini 9-Bar Bull Microchannel
Market Overview: S&P 500 Emini Futures The weekly chart formed an Emini 9-bar bull microchannel which means strong bulls. There may be buyers below the first pullback from such a strong bull microchannel. The bears need to create strong bear bars with follow-through selling to increase the odds of a deeper pullback. S&P500 Emini futures […]
Emini 8-Bar Bull Microchannel
Market Overview: S&P 500 Emini Futures The weekly chart is forming an Emini 8-bar bull microchannel. That means strong bulls. The bulls will need to create follow-through buying following the breakout above the July 27 high. The bears hope the climactic move will lead to a two-legged sideways to down pullback. S&P500 Emini futures The […]