Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures market is pausing, a Nasdaq 100 sideways move at the weekly exponential moving average (EMA). This week is a bad entry bar to the weak sell signal bar last week. Given the weak signal bar last week, it was likely that this week would not […]
DAX 40 Bull Streak, High in Trading Range
Market Overview: DAX 40 Futures DAX futures have been on a DAX 40 bull streak high in a trading range. Traders will expect the pullback to be minor, but the risk is large for bulls who, up until now, have been buying above bars. The bears see the streak as a bull leg in a […]
FTSE 100 Failed Wedge Top, Always In Long
Market Overview: FTSE 100 Futures The FTSE futures market moved higher with a FTSE 100 failed wedge top and we are still always in long. The bulls have measured move targets just above and want to reach them. They also have some trapped traders from before that might need to get out. The bears shorted the […]
Emini Bulls Want Strong Follow-through after FOMC Release Today
Trading Update: Wednesday November 23, 2022 Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Yesterday’s Emini setups (Delayed until later today). Brad 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 Sideways Likely into FOMC Meeting Tomorrow
Trading Update: Tuesday November 22, 2022 Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Yesterday’s Emini setups Brad 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 red […]
Emini Continuing Sideways at 4,000 Big Round Number
Trading Update: Monday November 21, 2022 Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Friday’s Emini setups Al created the SP500 Emini chart. Here are several reasonable stop entry setups from Friday. I show each buy entry with a green rectangle and each sell entry with a red […]
Bitcoin Trading around Major Price Level
Market Overview: Bitcoin Futures Bitcoin futures are trading around major price level, which is the 2017 close. After 5 years of trading at the Chicago Mercantile Exchange, the Bitcoin futures test a price that acted as the hardest resistance before the major bull trend that occurred after COVID-19 crash. Bitcoin futures The Weekly chart of […]
EURUSD No Bull Follow-through Bar
Market Overview: EURUSD Forex EURUSD no bull follow-through bar on the weekly chart. Bulls hope that this is simply a pullback and want at least a small second leg sideways to up after a pullback. Bears want a reversal lower from a failed breakout above a wedge bear flag. They will need to create strong […]
Crude Oil Double Top Bear Flag, Higher Low MTR
Market Overview: Crude Oil Futures The Crude oil futures reversed lower from a crude oil double top bear flag. The bears need to break far below the major bull trend line to increase the odds of lower prices. Bulls want a reversal higher from a higher low MTR (major trend reversal). The major bull trend […]
Emini Wedge Bear Flag, No Follow-through Buying
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures formed an Emini wedge bear flag on the weekly chart. The bulls did not get follow-through buying. The bulls expect at least a small second leg sideways to up after a pullback. The bears need to create strong consecutive bear bars closing near their lows, similar […]
