Market Overview: S&P 500 E-mini Futures The market is forming a S&P 500 E-mini 4-bar bull microchannel on the weekly chart. The bulls want any pullback to be weak and sideways (overlapping and long tails below candlesticks, weak bear bars). The bears want a reversal from a wedge pattern (May 19, Jul 31, and Sep […]

Market Overview: S&P 500 E-mini Futures The market is showing strong E-mini buying pressure on the weekly chart. The next targets for the bulls are the 6800 and 6900 levels. The bears must create consecutive bear bars closing near their lows to show they are back in control. S&P500 E-mini futures The Weekly S&P 500 […]

Market Overview: S&P 500 E-mini Futures The market is forming an S&P 500 E-mini third leg up. The bulls want a Leg 1 = Leg 2 move, which will take the market to the 6800 area (Leg 1 being the Apr 21 low to the May 19 high). The bears must create consecutive bear bars […]

Market Overview: S&P 500 E-mini Futures The S&P 500 E-mini bears still could not create follow-through selling on the weekly chart. They must create consecutive bear bars closing near their lows to show they are back in control. The bulls want another strong leg up from a wedge bull flag (Aug 1, Aug 20, and […]

Market Overview: S&P 500 E-mini Futures The market formed a 5-bar S&P 500 E-mini bull microchannel on the monthly chart. The bulls want the broad bull channel to resume and expect at least a small second leg sideways to up after any pullback. The bears want a reversal from a higher high major trend reversal […]

Market Overview: S&P 500 E-mini Futures The S&P 500 E-mini bulls want a trend resumption from a wedge bull flag (Jul 16, Aug 1, and Aug 20) or a double bottom bull flag (Aug 1 and Aug 20). The bears want a reversal from a higher high major trend reversal and a wedge pattern (May […]

Market Overview: S&P 500 E-mini Futures The S&P 500 E-mini bulls want follow-through buying on the weekly chart. The bears hope that the recent sideways trading range (prior 6 overlapping candlesticks) will be the final flag of the move. S&P500 E-mini futures The Weekly S&P 500 E-mini chart The Daily S&P 500 E-mini chart Trading […]

Market Overview: S&P 500 Emini Futures There was no weekly Emini follow-through selling as the market formed an ioi (inside-outside-inside) pattern. The bulls must create a strong breakout above the July 31 high with follow-through buying to increase the odds of a measured move. The bears want the market to stall around the July 31 […]

Market Overview: S&P 500 Emini Futures The market formed a S&P 500 Emini 4-bar bull microchannel on the monthly chart. The bulls expect at least a small second leg sideways to up after any pullback. The bears must create strong bear bars to show they are back in control. S&P500 Emini futures The Monthly Emini […]

Market Overview: S&P 500 Emini Futures The market is forming an Emini persistent buying on the weekly chart. The bulls must create sustained follow-through buying to increase the odds of a measured move. The bears must create strong consecutive bear bars to show they are back in control, something they haven’t been able to do […]