Market Overview: NASDAQ 100 Emini Futures NASDAQ 100 below all EMAs, pulling back this week for the first time in the last ten weeks. A pullback was expected, although the bears have created consecutive good bear bars closing on their lows. The market is also back below the daily, weekly, and monthly exponential moving average […]
Emini Big Bear Bar Closing near Low
The S&P 500 Emini futures gaped down and close as a follow-through big bear bar near the low on the weekly chart. It is a sign of strength by the bears. Bears want this to be the start of the bear leg testing June low. They want consecutive bear bars closing near the low like the one in April. Bulls want at least a small second leg sideways to up testing Aug high.
DAX 40 Bear Surprise Bar and Always in Short
Market Overview: DAX 40 Futures DAX 40 bear surprise bar and always in short on the weekly chart. The bears want a follow-through bar breaking below the range for a move down. The bulls have successfully reversed up twice here and will look to scale in here and lower. We look like we will go […]
FTSE 100 Lower High, Major Trend Reversal
Market Overview: FTSE 100 Futures The FTSE futures market reversed down strongly with a bear surprise and a possible FTSE 100 lower high major trend reversal on the weekly chart. The bulls reached a measured move on the daily chart and traders expected a pullback. It wasn’t a great sell signal on the weekly chart, a […]
Emini Bulls Strong Follow-through Bar Wanted Today
Trading Update: Friday August 26, 2022 Emini pre-open market analysis Emini daily chart The bulls got a strong rally into the close yesterday, which caused yesterday to close on its high. Bulls strong follow-through bar wanted today to increase the odds of testing the August high. This is good for the bulls and increases the […]
Emini may go sideways around midpoint of year
Trading Update: Thursday August 25, 2022 Emini pre-open market analysis Emini daily chart The Emini may go sideways as the market will likely bounce and test the midpoint of the year around 4,220. The midpoint of the year is an important magnet, and the market may have difficulty getting far away from it. The bears […]
Emini bulls want rally up to 4,200
Trading Update: Wednesday August 24, 2022 Emini pre-open market analysis Emini daily chart The market had a bear close yesterday, but it was a doji close near the open of the day. This is a sign of loss of momentum by the bears and increases the odds that the market will bounce soon and bears […]
Emini likely bounce to form lower high
Trading Update: Tuesday August 23, 2022 Emini pre-open market analysis Emini daily chart Emini likely bounce to form lower high. Yesterday was a good bar for the bears and increases the odds that the first reversal up will fail and lead to a lower high. The market is testing down to support and may have […]
Emini strong enough selloff to expect 2nd leg down
Trading Update: Monday August 22, 2022 Emini pre-open market analysis Emini daily chart Emini strong enough selloff on daily chart, likely forming a pullback down to the 4,000 big round number. The overnight selloff on the daily chart increases the odds that the first reversal up will fail and lead to a 2nd leg down. […]
Bitcoin Bear Trend Resumption Attempt
Market Overview: Bitcoin Futures During the week, the Bitcoin futures traded above last week’s high and then reversed down, closing the week far below last week’s lows. The price is now headed to the lows of the year. Despite a Bitcoin bear trend resumption attempt, bulls and bears have reasonable arguments to sustain their respective […]
