Market Overview: EURUSD Forex The EURUSD Forex weekly chart formed an EURUSD OO pattern above the 20-week exponential moving average. So far, the bears have not yet been able to create follow-through selling below the 20-week EMA. The bulls want a second leg sideways to up but so far, have not yet been able to […]
The S&P 500 Emini futures broke out below the OO (outside-outside) pattern and tested close to the June low. The June low is close enough to be a magnet. Bulls want a reversal higher from a double bottom major trend reversal. However, because of the strong sell-off, the bulls will need a strong reversal bar or at least a micro double bottom before they would be willing to buy aggressively.
Trading Update: Monday November 1, 2021 Emini pre-open market analysis Emini daily chart Friday made another new all-time high and it was another bull bar closing near its high. It also closed just above the 4600 Big Round Number. Since Friday was the last day of the month, with a gap up today, there will […]