Market Overview: EURUSD Forex The EURUSD Forex market formed a EURUSD weak reversal bar as the weekly candlestick has a long tail above but a bull body. Bears want a pullback from the wedge top. They will need to create follow-through selling to increase the odds of a pullback. Bulls want the pullback to form a higher […]
Crude Oil Inside Bull Bar, No Follow-through Selling
Market Overview: Crude Oil Futures The Crude oil futures was a Crude Oil inside bull bar on the weekly chart. The bears did not get follow-through selling this week. They hope the inside bull doji is a pullback and want another leg lower. The bulls want a breakout above the inside bull doji. They want a failed […]
Emini Outside Bear Bar, Micro Double Top
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures traded higher but reversed to close as an Emini outside bear bar. It formed a micro double top with Dec 1 high. The bears want this to be the start of a deeper pullback. Bulls want the pullback to form a higher low and reverse up […]
Nifty 50 Futures Bull Channel
Market Overview: Nifty 50 Futures Nifty 50 futures bull channel formed on the weekly chart with also a bear breakout of the inside bar. Nifty 50 is still in a strong bull channel so bears would avoid taking swing shorts and bulls would look to buy pullbacks. Nifty 50 formed cup & handle patterns on […]
Nasdaq 100 Start of Next Leg Down?
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures market went above the trading range of the past few weeks and reversed strongly to close as an outside down week. A possible start of next leg down. For the past 4 weeks, bulls have been making money buying below bars, and bears selling above […]
DAX 40 Consecutive Bars, Bear Surprise
Market Overview: DAX 40 Futures DAX futures this week was consecutive bars, a bear surprise after such a tight bull channel. Although it is outside down, the bulls will expect a second leg up, so it might be a bear trap. The bears will probably get a second leg sideways to down to the breakout […]
FTSE 100 Double Top in Trading Range or Pullback
Market Overview: FTSE 100 Futures The FTSE futures market formed a FTSE 100 double top high in a trading range last week, or is it a pullback? The bulls had a tight bull channel, so they expected a second leg after a corrective move sideways to down. It is likely we will test the breakout point […]
Emini Bears Need Follow Through after Breakout
Trading Update: Friday December 16, 2022 Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini Morning 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 entry […]
Emini Bears Want Second Leg Down
Trading Update: Thursday December 15, 2022 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 red […]
Emini Could Test 4,000 after FOMC Report Today
Trading Update: Wednesday December 14, 2022 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 red […]