Market Overview: FTSE 100 Futures The FTSE futures market paused last week at a FTSE 100 measured move target, and we are still always in long. Although sideways on the weekly, the daily chart is a small pullback bull trend, nearly parabolic. The higher we get, the more bears will get short, but currently, no stop-entry […]
Emini Surprise Breakout Testing 4,000 Big Round Number
Trading Update: Friday November 11, 2022 Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Yesterday’s Emini setups 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 rectangle. Buyers of both the Brooks […]
Emini Surprise Upside Breakout during Globex Market
Trading Update: Thursday November 10, 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 Bears Want Start of Second Leg Down
Trading Update: Wednesday November 9, 2022 Emini pre-open market analysis Emini daily chart The bulls have four-bar bull micro channel, but only one bar is a bull trend bar, and the rest are doji bars. While the bulls might get a small second leg up, the odds still favor the bears getting start of second […]
Emini Bulls Disappointment Likely Soon
Trading Update: Tuesday November 8, 2022 Emini pre-open market analysis Emini daily chart The market is trying to reverse the November 2 surprise bear breakout. However, the odds still favor a second leg down, which means Emini bulls disappointment likely soon. The market is in a trading range, so the pullback could be deep and […]
Emini Bears Second Leg Down wanted after November 2 Breakout
Trading Update: Monday November 7, 2022 Emini pre-open market analysis Emini daily chart Emini bears got a surprise breakout on November 2, and bears second leg down wanted, possibly testing down to the October 21 low. The bulls want to trap the bears, rally above the November 1 high, and test the 4,000 big round […]
Bitcoin Sideways to up over Next Few Months
Market Overview: Bitcoin Futures Bitcoin futures traders are likely going to see bitcoin sideways to up, until the end of this year. The long-term view is a Trading Range between $69355 (all-time highs) and $14470 (2017 close). Bitcoin futures The Monthly chart of Bitcoin futures The past month’s candlestick is a bull reversal bar, a […]
EURUSD Inside Bar Breakout Mode on Monthly Chart
Market Overview: EURUSD Forex The EURUSD Forex market formed an EURUSD inside bar on the Monthly chart and is in breakout mode. On the weekly chart, EURUSD is in a sideways to up pullback. This week traded lower but reversed back higher. Odds slightly favor the EURUSD to still be in the sideways to up pullback phase. […]
Crude Oil Second Leg Sideways to Up
Market Overview: Crude Oil Futures The Crude oil futures is forming a crude oil second leg sideways to up from a higher low major trend reversal (Oct 18) on the weekly chart. It is the second leg up re-testing October 10 high. Bulls want a follow-through bull bar after breaking above the 20-week exponential moving […]
Emini Wedge Bull Flag on Monthly Chart
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures formed an Emini wedge bull flag on the Monthly chart. On the weekly chart, it is in a pullback phase after a strong rally from October low. Odds slightly favor a retest of the October high. The bears on the other hand want a retest of […]