Market Overview: Crude Oil Futures Crude oil bear breakout below the inside bar on weekly chart. The odds slightly favor Crude Oil to trade at least a little lower, possibly testing near the 11-week trading range low. Traders will BLSH (Buy Low, Sell High) until there is a breakout from either direction from the trading […]
Emini Broke above December High
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures broke above December high this week, which the bulls hope was the last major lower high, thereby ending the bear trend of successively lower highs and lower lows. While some traders may view the December high as a major lower high, the bears want […]
Nifty 50 Potential Trading Range
Market Overview: Nifty 50 Futures Nifty 50 potential trading range on the monthly chart, the market formed a small bull bar after two consecutive bear bars. Here, bulls would be trying to breach the all-time high and bears would be willing to sell for Low 2 after the fake bull breakout. On the weekly chart, […]
Nasdaq 100 Monthly 3-Bar Bull Micro Channel
Market Overview: NASDAQ 100 Emini Futures The January monthly NASDAQ Emini futures is a bull trend bar with small tails above and below. The January month created a 3-bar bull micro channel – the low of each bar higher than the low of prior bar going back to October. The body overlaps the body of […]
DAX 40 Big Bull Surprise Bar, Leg in a Trading Range
Market Overview: DAX 40 Futures DAX futures was a big bull surprise bar on the monthly chart. Still always in long on this timeframe, and it looks like a leg in a trading range. It was a tight trading range to the left, so it was a magnet, and we might need to go sideways […]
FTSE Big Bull Breakout Closing at All-Time High
Market Overview: FTSE 100 Futures The FTSE futures market increased last month, closing at an all-time high with a FTSE big bull breakout. Bulls need another bull bar for consecutive bull bars and breakout and follow-through, but the tail on January’s bar might reduce the number of bulls willing to hold long there. Bears need a […]
Emini 3 Consecutive Bull Trend Bars
Trading Update: Friday February 3, 2023 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 sell […]
Emini Strong Bull Breakout after FOMC Report
Trading Update: Thursday February 2, 2023 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 sell […]
Bulls Want FOMC to Rally Market up to December 13 High
Trading Update: Wednesday February 1, 2023 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 sell […]
Emini Bears Follow-through Selling Wanted Today
Trading Update: Tuesday January 31, 2023 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 sell […]
