Market Overview: EURUSD Forex The weekly chart formed a EURUSD tight channel consisting of 10 consecutive bear bars. That means strong bears. Odds favor at least a small second leg sideways to down after a larger pullback. The bulls hope to get a reversal up from a parabolic wedge. EURUSD Forex market The Weekly EURUSD […]
Emini Two-legged Pullback
Market Overview: S&P 500 Emini Futures The weekly chart formed an Emini two-legged pullback testing near the February 2 breakout point. The bulls see the move simply as a pullback and want a retest of the July 27 high followed by a strong breakout above. The bears need to create follow-through selling following this week’s […]
Bitcoin Doble Techo y Máximo Descendente debajo de $27000
Visión de Mercado: Bitcoin Bitcoin Doble Techo y Máximo Descendente en el gráfico diario. Esta semana ha sido tranquila, el precio intentó subir pero se giró a la baja desde la Media Móvil Exponencial (MME) de 20 semanas. En el gráfico diario, el precio se encuentra dentro de una zona de venta de un Canal […]
Nasdaq 100 Second Leg Down from 7/31 Is Confirmed
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures week is a strong bear trend bar closing on its low approaching support at the weekly exponential moving average (EMA). The second leg down from 7/31 is confirmed. In other words, the first move down was from 7/31, and now the 2nd leg is confirmed. […]
DAX 40 Surprise DT Bear Flag, Bear Bar Below MA
Market Overview: DAX 40 Futures DAX futures moved back down last week with a bear bar below the MA, which could be a DT bear flag but more likely BOM. When the outside down bar got FT, it set a target below, which could give us one more bear bar. But the FT has disappointed […]
FTSE 100 Big Expanding Triangle, DT and 2nd Leg Up Likely
Market Overview: FTSE 100 Futures The FTSE futures market went sideways last week with another pause in an expanding triangle pattern. But after 4 consecutive bull bars, it will be tough for bears to do too much damage. Strong micro gaps below, so many reasons to be long. Bears hope to trap bulls here and return […]
Nifty 50 2nd Leg Trap
Market Overview: Nifty 50 Futures Nifty 50 2nd Leg Trap on the weekly chart. This week, the bears were able to obtain a strong bear close; however, a reversal will require a strong follow-through bar. Many bulls would be dissatisfied and postpone purchasing this bull breakout until the market once more gives a strong close […]
Emini Strong Bear Breakout with Follow-through
Trading Update: Friday September 22, 2023 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Yesterday’s Emini setups Al created the SP500 Emini charts. Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each sell entry with a […]
Emini Bears Want Test of 4,400
Trading Update: Thursday September 21, 2023 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Yesterday’s Emini setups Al created the SP500 Emini charts. Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each sell entry with a […]
Emini Failed Breakout below September 7 Low
Trading Update: Wednesday September 20, 2023 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini intraday market update Yesterday’s Emini setups Al created the SP500 Emini charts. Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each […]
