Trading Update: Monday October 31, 2022 Emini pre-open market analysis Emini daily chart The Emini got back to 3,900 last week and will probably have to reach 4,000 sometime this month. While the rally from October 13th is strong, it is still more likely a leg in a trading range than a bull trend. The […]
Bitcoin Ruptura de Directriz Bajista
Visión General del Mercado: Futuros de Bitcoin Los futuros sobre Bitcoin rompieron la directriz bajista al cotizar lateralmente, lo que denota una significante pérdida de fuerza de los bajistas. Los alcistas no parecen ser fuertes, pero como se da la situación de que muchos bajistas podrían estar saliendo de sus operaciones en corto, el precio, […]
Emini Strong Follow-through Bull Bar
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures bulls got a strong follow-through bull bar following last week’s High 2 buy entry. Since this week closed near its high, odds slightly favor the Emini to trade at least a little higher. If the bulls continue to create strong consecutive bull bars closing near their […]
EURUSD Weak Follow-through Bull Bar
Market Overview: EURUSD Forex The EURUSD Forex bulls got a weak follow-through bull bar following last week’s High 2 buy entry. The prominent tail above this week’s candlestick indicates that the bulls are not yet as strong as they would like to be. The bulls need to do more to convince traders that a larger sideways […]
Crude Oil Triggered High 2 Buy Signal
Market Overview: Crude Oil Futures The Crude oil futures triggered the High 2 buy signal from a higher low major trend reversal (Oct 18). Bulls need a strong follow-through bar trading far above the 20-week exponential moving average and the bear trend line to increase the odds of higher prices. Bears hope that this is […]
FTSE 100 Trapped Bulls and Open Gaps
Market Overview: FTSE 100 Futures The FTSE futures market moved higher last week with trapped bulls and open gaps low in a trading range. The bulls see a second entry long at the bottom of a trading range and a failed breakout below the 7000 big round number. The bears see a tight bear channel and […]
DAX 40 Always in Long at the 20-Week MA
Market Overview: DAX 40 Futures DAX futures moved up again this week, so we are always in long at the 20-Week Moving Average (MA.) It has been an extended bear trend down to the lows of the COVID breakout, and we are testing the breakout on October 28th, 2020. We have retraced 2 years of […]
Nasdaq 100 Successive Weekly Bull Close above Prior Bar High
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures market is attempting a reversal up from the October low. It is the first successive bull close above prior week high since the last bull leg that started in July. As mentioned in the report two weeks back, the market is likely making its way […]
Nifty 50 Futures Big Head and Shoulders
Market Overview: Nifty 50 Futures Nifty 50 on the weekly chart forming a big head and shoulder pattern and currently market going sideways and forming a triangle (right shoulder). Aggressive traders would go long before a triangle breakout as this is also a head and shoulder. The market on the daily chart is forming a […]
Emini Triggered H2 Buy Signal but Trading Range
The S&P 500 Emini futures triggered the H2 buy signal on the weekly chart. The bulls need to create a follow-through bull bar to increase the odds of higher prices. Bears want a reversal lower from a double top bear flag with Oct 5 high or around the bear trend line. The Emini is forming a small trading range around the June low between 3500 and 3800. Traders will BLSH (Buy Low, Sell High) until there is a breakout from either direction.
