Market Overview: S&P 500 E-mini Futures The weekly E-mini bears need follow-through selling following this week’s outside bear bar. They are looking for a second leg sideways to down to retest the November 21 low. If the market trades lower, bulls want the 20-week EMA to act as support, forming a wedge bull flag, with […]

Market Overview: S&P 500 E-mini Futures The weekly E-mini bulls need follow-through buying breaking strongly above the October 29 high. If the market trades lower, they want the 20-week EMA to act as support. Bears hope the market stalls near the November 12 high area, forming a double top bear flag and a lower high […]

Market Overview: S&P 500 E-mini Futures There were buyers below the 7-Bar Emini bull microchannel on the monthly chart. Bulls need to create a strong breakout above the October 29 high with sustained follow-through buying to resume the trend. Bears will need consecutive bear bars closing near their lows to show they are regaining control. […]

Market Overview: S&P 500 E-mini Futures The market formed a S&P 500 E-mini pullback to the 20-week EMA. Bears will need consecutive bear bars closing near their lows and breaking far below the 20-week EMA to show they are firmly in control. Bulls want the October 10 low and the 20-week EMA to act as […]

Market Overview: S&P 500 E-mini Futures The weekly chart is forming E-mini overlapping candlesticks indicating two-sided trading. Bears will need consecutive bear bars closing near their lows to show they are in control. Bulls want a retest and breakout above the October 29 high, followed by a resumption of the trend from a double bottom […]

Market Overview: S&P 500 E-mini Futures The market is forming a weekly E-mini pullback. Bears still need strong consecutive bear bars before traders will sell aggressively. Bulls want a retest and breakout above the October 29 high, followed by a resumption of the trend. S&P500 E-mini futures The Weekly S&P 500 E-mini chart The Daily […]

Market Overview: S&P 500 E-mini Futures The market is forming a 7-bar E-mini bull microchannel breaking above the 6900 level. The next targets for the bulls are the 7,000 and 7,100 levels. If there is a pullback, the bulls expect at least a small second leg sideways to up to retest the trend extreme high […]

Market Overview: S&P 500 E-mini Futures The S&P 500 E-mini bulls need follow-through buying to increase the odds of reaching the measured move target above. The bears want a reversal from a wedge top pattern (May 19, Jul 31, and Oct 24). They need to create consecutive bear bars closing near their lows to show […]

Market Overview: S&P 500 E-mini Futures There was no E-mini follow-through selling on the weekly chart, closing as an inside bull doji. The bears must create consecutive bear bars closing near their lows to show they are back in control. The bulls want the pullback to be weak and sideways followed by a retest and […]

Market Overview: S&P 500 E-mini Futures The S&P 500 E-mini bears need follow-through selling on the weekly chart, something they couldn’t do since the April low. If the market trades lower, the bulls want the 20-week EMA or the September 2 low area to act as support. S&P500 E-mini futures The Weekly S&P 500 E-mini […]