Market Overview: Crude Oil Futures Crude oil futures. The weekly chart formed a two-legged pullback, this week it is a Follow Through bar closing below the 20-week EMA after last week’s bear signal bar, and it’s also the 3rd consecutive bear bar. The bears created follow-through selling below the 20-week EMA which increases the odds […]
Emini Follow-through Bull Bar
Market Overview: S&P 500 Emini Futures The weekly chart formed an Emini follow-through bull bar closing above the 20-week EMA and the October high. The bulls need to continue creating follow-through bull bar trading above the bear trend line to increase the odds of a retest of the July 27 high. The bears want the […]
Nifty 50 Failed Breakout
Market Overview: Nifty 50 Futures Nifty 50 Failed Breakout on the weekly chart. This week’s market produced a tiny bull close with a tiny body following two strong bear bars in a row, increasing the likelihood of a second leg down. A bear breakout of the head and shoulders top was also shown on the […]
Nasdaq 100 Good Follow-through to the Bull Bar of 10/30
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures week is a good follow-through to the bull bar of 10/30. On the daily chart, this week closed above the first lower high of 10/12. The monthly bar is a strong bull trend bar already above the October high. The problem for the bulls is […]
DAX 40 Strong Reversal Up, Weak FT, Head to MA
Market Overview: DAX 40 Futures DAX futures went higher last week with a bull doji – weak follow-through after a strong reversal up. The bulls want a move back to the MA, which is likely with such a bull trend bar. Some bears will sell the MA, while others are trapped trying to sell above […]
FTSE 100 Bear Inside Bar Under 100-Week MA
Market Overview: FTSE 100 Futures The FTSE futures market went slightly lower last week with a bear inside bar. Bears have had trouble breaking below this low, but keep getting bars under the MA. The risk/reward favours the bulls who want a move up, betting that we will not get another low in the year. Bulls […]
Emini High 1 Buy Setup Likely
Trading Update: Friday November 10, 2023 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 […]
Emini Profit Taking Likely
Trading Update: Thursday November 9, 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 likely to Rally above October 17 High
Trading Update: Wednesday November 8, 2023 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 […]
Emini Pullback Likely
Trading Update: Tuesday November 7, 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 […]
