Market Overview: DAX 40 Futures DAX futures moved higher last week with a strong bull BO, a trend bar. The bulls see a BO and FT above the ATH. The bears see a buy climax late in a trend which can attract profit-taking. Although there is nothing to sell yet, most BOs above trading ranges […]
FTSE 100 High 2 in Bear Leg at Prior All-Time High
Market Overview: FTSE 100 Futures The FTSE futures market moved prices higher, setting up a High 2 with 5 days of trending lows. The bears failed to get follow-through selling at the MA, so we might need to move higher. The bull bars are not strong, and we have a bear trend line above, which should […]
Emini Buy Climax Closing Beyond 4,450
Trading Update: Friday June 16, 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 Stalling Under Important Resistance
Trading Update: Thursday June 15, 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 several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each […]
Emini in Need of Correction Lasting Day or Two
Trading Update: Wednesday June 14, 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 several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each […]
Emini Second Leg Up to August High
Trading Update: Tuesday June 13, 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 Breakout Failed to Close above Tight Trading Range
Trading Update: Monday June 12, 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 several reasonable stop entry setups from Friday. I show each buy entry with a green rectangle and each […]
Bitcoin Gap Closed of Prior Breakout Point
Market Overview: Bitcoin Futures Bitcoin gap closed of prior breakout point. This week, the Bitcoin price decreased 2.87% of its value. Traders wonder if the breakout point will act as support and resume the 2023’s bull trend, or if it will break down the support and test the next higher low. Bitcoin futures The Weekly […]
EURUSD Minor Pullback
Market Overview: EURUSD Forex The EURUSD Forex formed a minor pullback following a 5-bar bear microchannel. Often, there are sellers above the first pullback from such a strong bear microchannel. The bulls hope to get at least a retest of the April high after the current pullback. They want the 20-week exponential moving average to […]
Crude Oil Tight Trading Range
Market Overview: Crude Oil Futures The Crude oil futures formed a tight trading range in the last 5 weeks. The bears want a retest of the May 4 low. They will need to create a follow-through bear bar next week. The bulls want a reversal from a higher low major trend reversal. Poor follow-through and reversals are […]
