Market Overview: FTSE 100 Futures FTSE 100 futures went higher last week with a breakout and a pullback, creating a small gap. The pattern is fractal, doing the same thing on the lower timeframe, the daily chart. Traders are deciding if we are swinging up or down. Because bears and bulls are still in, scalpers […]
Nifty 50 Inside Bar Measured Move
Market Overview: Nifty 50 Futures Nifty 50 Inside Bar Measured Move on the weekly chart. This week, the market gave a small bull close, and it is currently trading within the expanding triangle and the trading range. The market is moving closer to the inside bar measured move after the weekly chart of the Nifty […]
Emini Far from Moving Average
Trading Update: Wednesday November 22, 2023 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini intraday market update Yesterday’s Emini setups Al created the SP500 Emini chart. Here are reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each […]
Emini Sideways to Moving Average Likely
Trading Update: Tuesday November 21, 2023 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini intraday market update 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 […]
Emini Risk Getting Big for Bulls
Trading Update: Monday November 20, 2023 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini intraday market update 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 […]
Bitcoin caution right below 40000 Sell Zone
Market Overview: Bitcoin Futures Bitcoin right below 40000’s sell zone. During the week the price decreased it is value but still, it closed above the mid-point of the weekly range. The prior 3-week’s low are all nearby, trading below that might change the inertia in favor of the bears. Moreover, the price is near a […]
EURUSD Bulls Need Follow-through
Market Overview: EURUSD Forex The EURUSD bulls need follow-through buying to increase the odds of a retest and breakout attempt above the trading range high. The bears hope that the current move is simply a deep pullback and want a reversal from a wedge bear flag or a lower high major trend reversal. EURUSD Forex […]
Crude Oil Trend Channel Line Overshoot
Market Overview: Crude Oil Futures The market formed a Crude Oil trend channel line overshoot, closing as a bear doji with a long tail below. The bulls hope to get a reversal from a higher low major trend reversal. The bears hope that the bear leg to retest the May low has begun. Crude oil […]
Emini Strong Bulls
Market Overview: S&P 500 Emini Futures The Emini Strong Bulls formed 3 consecutive bull bars closing near their highs, breaking far above the 20-week EMA and the bear trend line on the weekly chart. They want a resumption of the bull trend. The bears hope to get a reversal from a lower high major trend […]
Nasdaq 100 Market Back near July 2023 High
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures week is more follow-through to the bull bar of 10/30. The market is back near July 2023 high. On the daily chart, this week gapped up above the lower high of 9/14. The monthly bar is a strong bull trend bar with a close above […]
