Market Overview: DAX 40 Futures DAX futures was a DAX 40 bull inside bar, a double bottom buy signal on the weekly. It’s a second entry long setup which is a reasonable entry on this timeframe, but it’s been lower lows all year so a difficult trade to make. We are slightly above the harmonic […]
FTSE 100 Bull Inside Bar Closing on its High
Market Overview: FTSE 100 Futures The FTSE futures market last week was a FTSE 100 bull inside bar closing on its high. With a tight trading range above we should reach that magnet before traders decide. The bulls see trend resumption up from support at the 100-week moving average. The bears see consecutive big bear bars […]
Emini bulls want strong finish to week
Trading Update: Friday September 9, 2022 Emini pre-open market analysis Emini daily chart The market formed a double bottom with the July 26 low, with two consecutive bull bars closing on their highs. This is good for the bulls, but they need more as bulls want strong finish to week. The market will probably have […]
Emini bulls likely disappointed today
Trading Update: Thursday September 8, 2022 Emini pre-open market analysis Emini daily chart The bulls had a solid finish to the day yesterday, reversing most of the September 2 selloff. The channel down is tight, so the odds favor the bulls likely disappointed today, and the market will probably not form a strong follow-through bar […]
Emini likely rally and test 4,000 soon
Trading Update: Wednesday September 7, 2022 Emini pre-open market analysis Emini daily chart The bears broke below the September 1st low but failed to close below, which is a sign of weakness. The market will probably have to bounce soon with Emini likely rally and test of 4,000 big round number. The odds favor buyers […]
Emini bulls want second entry buy signal bar
Trading Update: Tuesday September 6, 2022 Emini pre-open market analysis Emini daily chart Last Friday was a big bear trend bar that almost went outside down with Thursday’s low. The market is trying to form a bottom with the July 28 low. The bulls want a strong buy signal bar today, which would be a […]
Bitcoin prueba los mínimos del año
Visión General del Mercado: Futuros de Bitcoin Los futuros sobre bitcoin están probando los mínimos del año. El precio va a tender a ir, en algún punto durante los próximos trimestres, hacia la cota de los 30 000 dólares. No obstante, antes de que eso ocurra, es posible que el precio antes sufra una corrección […]
EURUSD Consecutive Bear Bars below 7-Year Trading Range
The EURUSD Forex monthly candlestick was a consecutive bear bar below the 7-year trading range low. The long tails below July and August candlesticks indicate that the bears are not as strong as they could have been. Bears want a breakout below the 7-year trading range low followed by a measured move down based on the height of the 7-year trading range which will take them to the year 2000 low. The bulls want a reversal up from a trend channel line overshoot and parabolic wedge (November 24, May 13 and August 23).
Nasdaq 100 Low 1 Sell Signal below EMA
Market Overview: NASDAQ 100 Emini Futures NASDAQ Emini futures monthly candlestick is bear bar closing on its low with a tail on top. It is a NASDAQ 100 low 1 sell signal bar below the exponential moving average (EMA). Last month’s report had made a case for the market to go at least slightly higher […]
Emini August Monthly Candlestick Low Close
The S&P 500 Emini futures August candlestick closed as a reversal bar near the low. Odds are September should trade at least slightly lower. Bears want another consecutive bear bar to increase the odds of the 3rd leg down of a larger wedge pattern. Bulls want a reversal higher from a higher low major trend reversal.
