Al added a few comments to report Market Overview: Weekend Market Analysis The SP500 Emini bulls got bull follow-through buying on the weekly chart. Odds favor a test of the February 2 high. The bulls will need to close far above the February 2 high to convince traders that a re-test of the trend extreme […]
DAX futures paused just below prior breakout point
Market Overview: European Market Analysis DAX futures paused last week just below the prior breakout point. Bears see the tight bear channel and are looking for reasons to sell the next move down. Bulls are looking a follow-through bar to prove the move down was simply a pullback in a much longer bull trend. On […]
FTSE 100 continued bull resumption
Market Overview: European Market Analysis The FTSE futures market continued bull resumption to finish higher again after the largest bear pullback in 18 months. It failed to reach the breakout point and is now at the top of the developing trading range. On the daily it is a tight bull channel so we might work higher […]
Emini bulls want strong close on weekly chart
Trading Update: Friday March 25, 2022 Emini pre-open market analysis Emini daily chart Emini bulls had a strong reversal following the L1 that was triggered on Wednesday. Bulls want strong close on weekly chart. The market is trying to test the February 9 high and the 4,600 considerable round number and will most likely have […]
Emini reversal up from Low 1 pullback
Trading Update: Thursday March 24, 2022 Emini pre-open market analysis Emini daily chart Emini reversal up from low 1 pullback with market finally getting a bear close yesterday after five consecutive bull closes. With yesterday triggering a low 1 (L1) short, odds are this L1 will lead to a 1-3 day pullback. The pullback might […]
Emini likely to close below open by end of day
Trading Update: Wednesday March 23, 2022 Emini pre-open market analysis Emini daily chart Emini bulls now have six consecutive bull closes on the daily chart. The odds are today will have a bear close below open, and the market will pullback for 1-3 days. So far, this is a strong enough rally to make the […]
Emini likely 1-3 day pullback following last week’s bull breakout
Trading Update: Tuesday March 22, 2022 Emini pre-open market analysis Emini daily chart Yesterday was a doji with a bull close. It was also the 5th consecutive bull bar, which significantly increased today’s odds of having a bear close. The odds are the market will have a 1-3 day pullback, and yesterday may be the […]
Emini strong bull breakout of March 3 high
Trading Update: Monday March 21, 2022 Emini pre-open market analysis Emini daily chart Emini strong bull breakout with 4 consecutive bull bars following a higher low major trend reversal. These three bars are strong enough that the odds favor a second leg sideways to up. The bulls are hopeful that this is the rally that […]
EURUSD in pullback from parabolic wedge on weekly and daily charts
EURUSD Forex: Weekend Market Analysis The EURUSD Forex is in a pullback from parabolic wedge sell-off testing the 700-pip measured move which started in October 2020. Traders are monitoring whether the bulls can create consecutive bull bars closing near their highs or the pullback is more sideways with weak bull bars. The leg down from February is […]
Emini big bull bar from wedge bull flag & HL MTR
Al added a few comments to report SP500 Emini: Weekend Market Analysis The SP500 Emini futures reversed higher with big bull bar from a wedge bull flag and a higher low major trend reversal. It broke far above the bear trend line and closed near the weekly high. Bulls hope that the correction has ended […]