Market Overview: S&P 500 E-mini Futures The market formed a S&P 500 E-mini tight trading range in the last 12 weeks. Bears want a strong breakout below the February 5 low and the 20-week EMA, followed by sustained follow-through selling and a measured move toward 6,500, based on the height of the 12-week trading range. […]
E-mini Bears Want a Breakout Below
Market Overview: S&P 500 E-mini Futures The S&P 500 E-mini bears want a breakout below the February 5 low and the 20-week EMA, followed by sustained follow-through selling. Bulls want the 20-week EMA to hold as support. If the market trades lower, they want the November 21 low to act as support. S&P500 E-mini futures […]
Weekly E-mini Tight Trading Range
Market Overview: S&P 500 E-mini Futures The market is in a weekly E-mini tight trading range near the all-time high. Bears need more follow-through selling closing below the 20-week EMA to flip the market into Always In Short. Bulls need a strong breakout with sustained follow-through buying above the January 28 high to increase the […]
Weekly E-mini Low 4
Market Overview: S&P 500 E-mini Futures The market formed a weekly E-mini Low 4 sell setup on the weekly chart. Bears need a strong bear entry bar closing near its low, followed by sustained follow-through selling, to increase the odds of a deeper pullback. The lack of strong bear bars with follow-through selling remains a […]
Weekly E-mini Double Bottom Bull Flag
Market Overview: S&P 500 E-mini Futures The market formed a weekly E-mini double bottom bull flag (January 2 and January 20). Bulls need a strong breakout above with sustained follow-through buying above the January 12 high to increase the odds of a trend resumption. Bears see the reversal up this week as a retest of […]
E-mini Bulls Want a Strong Breakout Above
Market Overview: S&P 500 E-mini Futures The S&P 500 E-mini bulls want a strong breakout above to increase the odds of a trend resumption. Bears want the October 29 high area to act as resistance; if the market trades higher, they hope follow-through buying will be weak, resulting in a failed breakout. S&P500 E-mini futures […]
E-mini Bulls Want a Strong Breakout
Market Overview: S&P 500 E-mini Futures The S&P 500 E-mini bulls want a strong breakout above the ascending triangle pattern with sustained follow-through buying to increase the odds of a trend resumption. Bears want the October 29 high area to act as resistance; if the market trades higher, they hope follow-through buying will be weak, […]
Monthly E-mini Sideways Trading Range
Market Overview: S&P 500 E-mini Futures The market formed a monthly E-mini sideways trading range in the last couple of months. Bulls want a resumption of the bull trend, with targets at the 7,200 round number and a 7,400 measured move based on the height of the recent trading range. Bears want a reversal from […]
Weekly E-mini Bulls Want a Breakout
Market Overview: S&P 500 E-mini Futures The weekly E-mini bulls want a breakout into new all-time highs followed by a resumption of the bull trend. Bears want the December 11 high area to act as resistance. If the market makes a new all-time high, they hope the follow-through buying will be weak and result in […]
Weekly E-mini Second Leg Sideways to Down
Market Overview: S&P 500 E-mini Futures The market formed a weekly E-mini second leg sideways to down, testing near the 20-week EMA. Bears need strong follow-through selling trading below the 20-week EMA to show they are in control. Bulls want the 20-week EMA to act as support, forming a wedge bull flag, with the first […]
