Market Overview: FTSE 100 Futures The FTSE futures market moved down strongly with a bear bar closing near its low on the weekly chart. It is a long-term FTSE 100 trendline break and could signal a larger move down in the medium term. Bulls have been buying here for over 12 months and making money so […]
DAX 40 Consecutive Bear Bars and Possible Wedge Bottom
Market Overview: DAX 40 Futures DAX futures moved down again last week with DAX 40 consecutive bear bars and setting up a possible wedge bottom. The bears got a break below the March lows, but we have been going sideways for many weeks, it might form a tighter trading range here. Bears want a follow-through […]
Nifty 50 Futures Breakout Gap Open
Market Overview: Nifty 50 Futures The Nifty 50 on the weekly chart has a breakout gap open, which acts like a magnet. This week gave a bear bar closing near its low, and now we have 2 consecutive bear bars closing near their lows, which increase the chances of at least one more leg down. Nifty […]
Emini Getting Close to June Low
Trading Update: Friday September 23, 2022 Emini pre-open market analysis Emini daily chart The bears are getting very close to June low and may have to get down to it. The bulls had a strong rally up to September 12. However, the bears got a strong reversal down, trapping the bulls. While the bears have […]
Emini bulls want to disappoint bears after yesterday’s bear breakout
Trading Update: Thursday September 22, 2022 Emini pre-open market analysis Emini daily chart The Emini broke below the September 18 low by going outside down yesterday. The bulls will see this breakout as the third leg in a wedge bottom (8/24, 9/6), and they hope today will be a strong reversal bar closing on its […]
Emini FOMC Report Today, Bulls Want Upside Breakout Test of 4,000
Trading Update: Wednesday September 21, 2022 Emini pre-open market analysis Emini daily chart The market is beginning to stall just under the September 6 breakout point and will probably have to bounce with upside breakout test of the 4,000 big round number soon. There is the Emini FOMC report today at 11:00 PT which has […]
Emini Testing Breakout Point of September 6
Trading Update: Tuesday September 20, 2022 Emini pre-open market analysis Emini daily chart Emini market is reversing up and testing breakout point of the September 6 low. This is probably the start of a couple of legs sideways to up. The bears will try and keep the September 6 breakout gap open, however, it will […]
Emini Wedge Bottom Likely Rally Back to 4,000 Soon
Trading Update: Monday September 19, 2022 Emini pre-open market analysis Emini daily chart The market reversed up late Friday, painting a tail on top of the bar. The market will likely have to reach the September 6 breakout point soon and close the open gap with wedge bottom likely rally and test of 4,000. The […]
Bitcoin Fallando la Reversión Alcista
Visión General del Mercado: Futuros de Bitcoin A principios de semana, los futuros sobre bitcoin cotizaron por encima de los máximos de la semana anterior, para luego fallar, girar completamente y cerrando cerca de mínimos de la semana. Los traders están confundidos porque el precio se encuentra entre un soporte y una resistencia de manera […]
Emini Big Bear Outside Bar – OO Breakout Mode
The S&P 500 Emini futures traded above last week’s high but reversed to close below last week’s low, closing as a big outside bear bar. There is now an OO (outside-outside pattern). The Emini is in breakout mode. The bar sometimes after an outside bar is an inside bar, forming an ioi (inside, outside, inside) pattern, which is also a breakout mode. Traders will be monitoring whether the bears get a consecutive bear bar or fail to do so. If the bears get it, the odds of a test of the June low increase.
