Market Overview: S&P 500 Emini Futures The monthly chart formed an Emini pullback within a broad bull channel testing the 20-month exponential moving average and the bull trend line. The bulls see the market as still being in a broad bull channel and want a reversal to retest the July 27 high. The bears got […]
Emini 50 Percent Pullback For Bears
Trading Update: Tuesday September 12, 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 Becoming Climactic Pullback Likely
Trading Update: Wednesday July 19, 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 Richard created the SP500 Emini chart (Al travelling). Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle […]
EURUSD Minor Pullback
Market Overview: EURUSD Forex The EURUSD Forex formed a minor pullback following a 5-bar bear microchannel. Often, there are sellers above the first pullback from such a strong bear microchannel. The bulls hope to get at least a retest of the April high after the current pullback. They want the 20-week exponential moving average to […]
FTSE 100 Bear Surprise Pullback, Buyers at MA
Market Overview: FTSE 100 Futures FTSE futures market moved lower last month with a bear surprise pullback closing above the MA. Bulls see a pullback to the moving average (MA) and have bought here for 2 years. They will likely do so until it is no longer profitable. Bears will look to sell a pullback, […]
Emini Likely Bounce for a Day or Two
Trading Update: Thursday May 25, 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 […]
EURUSD Pullback to 20-Week EMA
Market Overview: EURUSD Forex The EURUSD Forex pullback to the 20-week EMA (exponential moving average) on the weekly chart. The bears got follow-through selling following last week’s big bear bar. They want a retest of the March low. The bulls hope to get at least a retest of the April high after the current pullback. They want […]
EURUSD Pullback after Bull Micro Channel
Market Overview: EURUSD Forex EURUSD pullback after bull micro channel finally formed on the weekly chart after 7 bars. As stated during the prior report, odds favored buyers below the first pullback below such a strong bull micro channel. The bulls think that the bullish inertia is strong enough to close the gap between the price […]
Crude Oil Minor Pullback
Market Overview: Crude Oil Futures Crude oil minor pullback formed on the weekly chart, partially closing the gap. The bulls expect at least a small second leg sideways to up after the current pullback. The bears need to create follow-through selling to increase the odds of the start of the bear leg within the trading […]
FTSE 100 Failed Breakout or 50% Pullback
Market Overview: FTSE 100 Futures The FTSE futures market moved lower last month with a FTSE 100 failed breakout, a bear doji bar with a big tail. It is a pullback from the bull trend, and there were buyers below the moving averages. Some traders bought the breakout early and needed to scale in to make […]
