Trading Update: Monday July 29, 2024 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Friday’s Emini setups Al created the SP500 Emini charts. Here are reasonable stop entry setups from Friday. I show each buy entry bar with a green arrow and each sell entry bar with […]
Bitcoin possible good High 2 buy setup
Market Overview The setup for Bitcoin is poised to be pivotal as we approach the close of the monthly candlestick next week. Should the bulls manage to secure a close near the monthly highs, we will see the formation of a “failed low 2” setup alongside a “high 2 setup.” This scenario is particularly noteworthy, […]
Weekly EURUSD Pullback
Market Overview: EURUSD Forex The market formed a weekly EURUSD pullback, testing near the 2-week EMA. The bears need to create follow-through selling next week (preferably closing below the 20-week EMA) to increase the odds of a deep pullback. The bulls want at least a small second leg sideways to up to retest the July […]
Weekly Crude Oil Pullback
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil pullback testing the middle of the trading range. The bears need to create a follow-through bear bar to increase the odds of testing the bottom of the triangle. The bulls see the current move simply as a pullback and want at least a […]
Weekly Emini Follow-through Selling
Market Overview: S&P 500 Emini Futures The market formed a weekly Emini follow-through selling testing the bull trend line. The bulls want the pullback to form a higher low followed by a resumption of the broad bull channel. The bears want a TBTL (Ten Bars, Two Legs) pullback trading far below the 20-week EMA. At […]
Nifty 50 High-1 Signal Bar
Market Overview: Nifty 50 Futures Nifty 50 High-1 Signal Bar. This week, the market showed a strong bullish trend, closing near its high after a minor pullback. It’s currently trading within a narrow bullish channel and is progressing towards the projected target of the outside bar pattern. On the daily chart, Nifty 50 is indicating […]
Nasdaq 100 First Close at Weekly Ema Since April
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures week is a big bear bar with a good body and prominent tails above and below, closing near the weekly exponential moving average (EMA). It is the first close at weekly ema since April. It is also a good enough follow-through bar that there should […]
DAX 40 Triangle, BOM, Buyers Above MA, Big Bear Bars
Market Overview: DAX 40 Futures DAX futures went sideways last week in a triangle and BOM. We have been oscillating around 18500 in between the two magnets of 19000 and 18000. Limit the order market so most traders do not touch it during this timeframe until there is a clear breakout either way. The daily […]
FTSE 100 High 2 at MA in Bull Trend, TTR, BO Gap
Market Overview: FTSE 100 Futures FTSE 100 futures closed higher last week setting up a High 2 at the moving average in a bull trend. With a strong bull breakout on the monthly, we expected this tight trading range to make way for continuation, and it looks like it for next week. It’s best to […]
Emini Profit Taking for Bears Likely
Trading Update: Friday July 26, 2024 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 reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell entry bar with […]
