Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures formed an an Emini ioi pattern (inside-outside-inside) on the weekly chart which means the market is in a breakout mode. However, the market is also in a 6-week tight trading range and the Emini is currently trading around the middle of it which is […]
Nifty 50 Trading Range Most Likely
Market Overview: Nifty 50 Futures Nifty 50 trading range most likely. This week’s market produced a bullish close; but, the bull bar’s small body and short top tail indicate that a small pullback is likely. On the weekly chart, the Nifty 50 is still trading inside the tight bull channel. The market recently has not created […]
Nasdaq 100 Bull Leg in Trading Range
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures ended the the week as a Nasdaq 100 bull leg with a doji bull bar and long tail above, closing just above last week’s high. The price action for the past few weeks looks like an expanding triangle – a new high, followed by a […]
DAX 40 Inside Bar, Weak Bear Close in Expanding Triangle
Market Overview: DAX 40 Futures DAX futures moved sideways last week, with a DAX 40 inside bar closing above its midpoint. The bull trend has been strong, and without bears closing consecutive bear bars, it’s hard for bears to swing short. There are open gaps below, and it looks like the bulls will get to […]
FTSE 100 Bull Flag, LH DT, High in Trading Range
Market Overview: FTSE 100 Futures The FTSE futures market formed a FTSE 100 bull flag with a lower high double top (LH DT). The price moved lower, but the tails tell us bears were scalping and ran into the scale-in bulls. After a strong micro channel, traders bought below the low and will buy 50%, expecting […]
Emini Breakout Mode on Daily Chart
Trading Update: Friday May 12, 2023 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Yesterday’s Emini setups Richard created the SP500 Emini charts (Al on leave). Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each sell […]
Emini Likely to Continue Sideways and Disappoint
Trading Update: Thursday May 11, 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 Richard created the SP500 Emini charts (Al on leave). Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green […]
Emini Bulls Want Follow-through Buying Today
Trading Update: Wednesday May 10, 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 Richard created the SP500 Emini charts (Al on leave). Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green […]
Emini Bulls Want 2nd Leg Up after Last Friday
Trading Update: Tuesday May 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 Richard created the SP500 Emini charts (Al on leave). Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green […]
Emini Bulls Second Leg Up to May 1st Wanted
Trading Update: Monday May 8, 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 Richard created the SP500 Emini charts (Al on leave). Here are several reasonable stop entry setups from Friday. I show each buy entry with a green […]
