Market Overview: Crude Oil Futures Crude oil futures weekly candlestick was a breakout below trading range and the bull trend line closing near its low. The bears want a measured move down using the height of the September to November trading range which will take them to around $56. The bulls want a failed breakout below […]
Emini Start of Pullback from Wedge Bear Flag?
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures bears hope that this week is the Emini start of pullback from the wedge bear flag. The weekly candlestick closed below last week’s low and the 20-week exponential moving average. They need to create a follow-through bear bar to increase the odds of lower prices. The […]
Nifty 50 Futures Wedge Top
Market Overview: Nifty 50 Futures Nifty 50 futures wedge top formed on the weekly chart, and gave a bear close this week after giving a bull breakout above the all-time high level the previous week. This bear bar on the weekly chart is also an inside bar which can result in bulls losing interest to […]
Nasdaq 100 Continued Sideways Move at Weekly EMA
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures market in a continued sideways move at the weekly exponential moving average (EMA). Last week was an outside bull bar. The market went below the low of last week and closed above it. Given the big bars with overlap over the last couple of weeks, […]
DAX 40 Weak Bear Bar Ends Bull Streak
Market Overview: DAX 40 Futures DAX futures has been on a bull streak for the past 9 weeks, but it ended last week with a DAX 40 weak bear bar. The bulls want that to be the first leg of a major reversal. But high in a trading range, they probably won’t get it. The […]
FTSE 100 Bear Inside Bar and Micro DT
Market Overview: FTSE 100 Futures The FTSE futures market was a FTSE 100 bear inside bar and micro double top. It was a pause at 2 measured move targets and a possible double top. But the bull leg is very strong, and with so much urgency, bulls could not even buy below bars. It is likely […]
Emini Likely Disappointment for Bears
Trading Update: Friday December 9, 2022 Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Yesterday’s Emini setups Brad created the SP500 Emini chart. Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each sell entry with a red […]
Emini May Need Test of December 6 High
Trading Update: Thursday December 8, 2022 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 chart. Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each sell entry with a red […]
Emini Bears Likely Taking Partial Profits
Trading Update: Wednesday December 7, 2022 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 red […]
Emini Likely to Reach November 30 Low
Trading Update: Tuesday December 6, 20222 Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today EURUSD Forex market trading strategies EURUSD Forex daily chart Summary of today’s S&P Emini futures price action and what to expect tomorrow Al created the SP500 Emini charts. End of day review See the […]
