Market Overview: EURUSD Forex The EURUSD close below the 20-week EMA on the weekly chart. The bears need to create follow-through selling next week to increase the odds of lower prices. The bulls hope that the 20-week exponential moving average will act as support and want at least a small second leg sideways to up to retest […]
Crude Oil First Pullback below 7-bar Bull MC
Market Overview: Crude Oil Futures The weekly chart formed a Crude Oil first pullback below the 7-bar bull microchannel. The bears need to create follow-through selling to increase the odds of the bear leg beginning. The bulls want a retest of the August 10 high followed by a breakout and a measured move up. Crude […]
Emini Test of the 20-Week EMA
Market Overview: S&P 500 Emini Futures The bears created an Emini test of the 20-week EMA on the weekly chart. They need to create follow-through selling trading far below the 20-week EMA to increase the odds of a reversal down. The bulls see the move down as a minor pullback and want at least a […]
Nifty 50 Trading Range
Market Overview: Nifty 50 Futures Nifty 50 Trading Range on the weekly chart. The market is fluctuating between the big round numbers 19000 and 20000 on the weekly chart, which serve as a support and a resistance, respectively. On the weekly chart, the Nifty 50 is exhibiting increasing trading range behaviour, increasing the likelihood that […]
DAX 40 Big Breakout and FT Below the MA, Trading Range
Market Overview: DAX 40 Futures DAX futures moved lower last week with consecutive bars below the MA. It was a breakout and FT after a failed break above the ATH. This is the largest streak of bear bars in nearly 12 months, so this is probably going to pull back soon. Bears want to close […]
FTSE 100 Big Break Below 100-Week MA, Magnets Below, LH DT
Market Overview: FTSE 100 Futures The FTSE futures market moved lower last week with a surprise bar and a break below the 100-week MA. Bulls have been buying here and lower and will likely buy the trendline as well. The bears see a possible LH DT and want a measured-move down. The best they might get […]
Emini Bears Want Test of February 2nd High
Trading Update: Friday August 18, 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 several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each sell entry with a […]
Emini Bears Want Measured Move Down
Trading Update: Thursday August 17, 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 several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each sell entry with a […]
No Emini & EURUSD Report Today
Trading Update: Wednesday August 16, 2023 Sorry, but no written report today — back tomorrow, Thursday Summary of today’s S&P Emini price action Al created the SP500 Emini chart.
Emini Bulls Want Strong Follow-through
Trading Update: Tuesday August 15, 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 several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each sell entry with a […]
