Market Overview: EURUSD Forex The market traded higher but reversed to close as a bear bar forming a possible EURUSD Failed Breakout. The bears will need to create follow-through selling to increase the odds of a deeper pullback. The bulls hope that the move down is simply a breakout test of the April high (breakout […]
Nasdaq Minimum Follow-through Bar on Weekly Chart
Market Overview: NASDAQ 100 Emini Futures NASDAQ Emini futures market ended week with minimum follow-through bar to the outside bar last week. Closed as a doji bar with a long tail below, closing just below last week’s close. The market has been essentially sideways for the past 5 weeks. There are still bull targets above, […]
Nasdaq 100 Minimum Monthly Bull Follow-through Bar
Market Overview: NASDAQ 100 Emini Futures NASDAQ Emini futures April monthly bull follow-through candlestick is a small bull doji bar closing at its high just above the March high. The bulls got the minimum follow-through after the big outside up bull bar in March. This is the second consecutive bull close above the monthly exponential moving […]
DAX Bad Follow-Through above Expanding Triangle
Market Overview: DAX 40 Futures DAX bad follow-through with two dojis now after a bull breakout from the moving average. The bulls moved the price higher, but with dojis now expect some trading range price action. We have already begun an expanding triangle, so we could even get a fast move down. But without any […]
DAX 40 Bad Follow-through from Bull Breakout
Market Overview: DAX 40 Futures DAX futures had bad follow-through from bull breakout last week — a tiny bear doji. The trend has been strong since October, and we might be in the final flag before the last leg. The bears want to trap the bulls high and reverse back to the moving average. But […]
Crude Oil Failed Bear Breakout
Market Overview: Crude Oil Futures The Crude oil futures traded slightly lower but had no follow-through selling on the weekly chart, a Crude Oil failed bear breakout. The bears hope that the move is simply a breakout test of the 16-week trading range low (breakout point) and wants at least a small second leg sideways […]
Emini Weak Bull Follow-through
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures weekly candlestick was a weak bull follow-through bar. The Emini is in a smaller 22-week trading range around 3750 and 4200. The market is currently trading around the middle of this range. Poor follow-through and reversals are hallmarks of a trading range. Traders will […]
DAX 40 Bull Doji Closing above 20-Week MA
Market Overview: DAX 40 Futures DAX futures moved sideways last week with a bull doji closing above the 20-Week MA. The bears have been unable to get follow-through for many months and have been scalping out at the MA. This leg has the best chance of a small leg sideways to down. But the best […]
Emini Futures Opened Lower but No Follow-through
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures opened lower but no follow-through selling. The bears hope that this week was simply a pullback and want another leg down forming the wedge pattern with the first two legs being March 2 and March 13. The bulls hope that the current pullback will […]
Crude Oil Weak Follow-through Selling
Market Overview: Crude Oil Futures The Crude oil futures bears got a weak follow-through selling on the weekly chart. They hope that this week was simply a pullback and want another leg down breaking below Jan/Feb lows. The bulls want a reversal up from a wedge bull flag and a higher low major trend reversal. […]
