Trading Update: Wednesday October 5, 2022 Emini pre-open market analysis Emini daily chart The bulls have gotten a strong reversal over the past two trading days. The upside Emini surprise breakout is strong enough that the first reversal down will likely fail and lead to a second leg up. At the moment, the odds favor […]
Emini Bulls Trying for Consecutive Strong Closes
Trading Update: Tuesday October 4, 2022 Emini pre-open market analysis Emini daily chart The bulls got a close above Friday’s high yesterday, and they want consecutive strong closes today. Bulls are trying to prevent the successful bear breakout below the June low. Right now, the odds favor a rally and a test back to the […]
Emini Bears Need Breakout Follow Through below June Low
Trading Update: Monday October 3, 2022 Emini pre-open market analysis Emini daily chart The bears got a strong finish to the end of the week and month. The market closed below the June low, which is good for the bears but they need breakout follow through today. The bears have an opportunity to break far […]
Bitcoin Abajo un 72% Desde Máximos Históricos
Visión General del Mercado: Futuros de Bitcoin Los Futuros sobre Bitcoin han terminado el tercer trimestre de 2022, un 72 % por debajo de los máximos históricos. Durante el segundo trimestre, el precio sufrió una bajada espectacular, y, aun así, los bajistas no han podido conseguir tener continuación durante el siguiente trimestre. Seguramente se alcanzará […]
Emini Third Leg Down – Sept Close at Low
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures September candlestick closed below June low. The odds of an Emini third leg down of a larger wedge pattern have increased. Bulls want a reversal higher but need at least a strong reversal bar or a micro double bottom before they would be willing to buy […]
Crude Oil No Follow-through Selling on Weekly Chart
Market Overview: Crude Oil Futures The Crude oil futures continue to trade lower in a tight bear channel. However, there is a lot of overlapping price action on the weekly chart (crude oil no follow-through) which means the bears are not yet as strong as they could have been. The bears failed to get follow-through selling following […]
EURUSD Weak Bear Bar with Long Tail Below
Market Overview: EURUSD Forex The EURUSD Forex monthly candlestick was another EURUSD weak bear bar after breaking below the 7-year trading range low. There is now a micro wedge (July, Aug and Sept) on the monthly chart. Bulls want a larger 2-legged sideways to up pullback before the EURUSD trades lower. The problem with the […]
Nasdaq 100 Bear Close below June Low Support
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures September monthly candlestick is a bear trend bar with close below June Low support, with a tail on top. It is a good entry bar following the Low 1 sell signal bar of last month. The market closed just below the June low. By closing below […]
FTSE 100 Big Bear Bar Pause at 100-Month MA
Market Overview: FTSE 100 Futures The FTSE futures market continued down last month with a big bear bar pause as traders expected after an August strong sell signal. The bulls want a moving average gap bar buy setup and the bears want another leg down. It’s a longer-term trendline break, so some traders will expect a […]
DAX 40 Consecutive Bear Bars Closing on Lows
Market Overview: DAX 40 Futures DAX futures continued down this month with consecutive bear bars closing on lows. The bulls see a bull flag in a longer-term bull trend and expected the second leg to get back to near the breakout of the trading range. The bears see a tight bear channel, but with overlap […]
