Trading Update: Thursday July 21, 2022 Emini pre-open market analysis Emini daily chart The bulls got a follow-through bar following the July 19 bull breakout. They hope today will be another bull close which would create consecutive bull closes above June 28 and increase the probability of higher prices. Yesterday was also a close above […]
Emini bulls need strong follow-through after yesterday’s breakout
Trading Update: Wednesday July 20, 2022 Emini pre-open market analysis Emini daily chart The bulls had a strong breakout yesterday, closing above the July 8 high. The bulls need to get strong follow-through today to convince traders that the market is going higher. Bulls want yesterday to lead to a successful breakout of the neckline […]
Emini bulls disappointed after poor follow-through
Trading Update: Tuesday July 19, 2022 Emini pre-open market analysis Emini daily chart The market had a big outside down bar yesterday following a test of the July 7th bull close. The bulls are disappointed after yesterday’s poor follow-through. Yesterday was a reminder that the market is still in a trading range, and even though […]
Emini bulls want breakout above neckline of double bottom
Trading Update: Monday July 18, 2022 Emini pre-open market analysis Emini daily chart Bulls had a strong entry bar following last Thursday’s (July 14) double bottom high low major trend reversal signal bar. The strong follow-through last Friday increases the odds of higher prices. The bulls hope this is the rally that will lead to […]
Emini failed breakout below inside bar on weekly chart
The S&P 500 Emini futures broke below the prior week’s bull inside bar but reversed to close near the high. It is likely a failed breakout from the i pattern. Bulls want a reversal higher from a wedge bottom and a trend channel line overshoot. They want at least another leg higher from a higher low major trend reversal. The bulls will need to create consecutive bull bars closing far above the June 28 high to increase the odds of a test of the June 2 high.
Bitcoin Micro Doble Suelo en Soporte
Visión general del mercado: Futuros del Bitcoin Los Futuros sobre el Bitcoin están intentando poner fin a la tendencia bajista, ya que están tratando de consolidar un suelo a corto plazo; aún así, es demasiado pronto para creer que el final del Mercado Bajista está cerca. Futuros del Bitcoin Gráfico Semanal de los Futuros del Bitcoin En […]
EURUSD consecutive bear bars below 7-year trading range
The EURUSD Forex had consecutive bear bars below the 7-year trading range which confirmed the breakout. Bears want a measured move down based on the height of the 7-year trading range which will take them to the year 2000 low. While odds favor lower prices, the trend channel line overshoot and the wedge bottom increase the odds of at least a small sideways to up pullback beginning within 1 to 3 weeks before the EURUSD continue lower.
Nasdaq 100 tight trading range
Market Overview: NASDAQ 100 Emini Futures NASDAQ 100 tight trading range (TTR) for the last 4 weeks. Last week’s report had made a case for price going higher in the next few weeks, and for the market to go to the weekly exponential moving average (EMA). This is still valid. NASDAQ 100 Emini futures The […]
FTSE 100 third bear doji, micro double bottom at 7000
Market Overview: FTSE 100 Futures The FTSE futures market gave us a third bear doji last week. It moved only slightly lower last week with the possible micro double bottom on the weekly chart. Although in control, the bears were not able to get below 7000 for 2 weeks in a row so we might need […]
DAX bear inside bar at 13000
Market Overview: DAX 40 Futures DAX futures was a Dax bear inside bar at the 13000 big round number. Although the bear trend is still in effect we have been going sideways for a few weeks now. The bulls are starting to get daily consecutive bull bars so we might see a break next week. […]
