Market Overview: EURUSD Forex The weekly chart formed a weekly EURUSD bull leg trading back into the trading range. The bulls hope to get follow-through buying to retest the top of the trading range (Aug/Sep highs). The bears hope that the middle of the trading range or the November 6 high will act as resistance. […]
Weak EURUSD Breakout
Market Overview: EURUSD Forex The monthly chart formed a weak EURUSD breakout below the trading range with limited follow-through selling. The bears hope to get at least a small sideways to down leg to retest the recent leg extreme low (Jan 13). The bulls want a breakout above the 2-month trading range followed by a […]
Crude Oil Weak Bear Channel
Market Overview: Crude Oil Futures The market is forming a Crude Oil weak bear channel on the weekly chart (overlapping ranges and consecutive doji bars). The bears must continue to create follow-through selling to increase the odds of testing the November 18 low area. The bulls want the 20-week EMA and the middle of the […]
Monthly Emini Trading Range
Market Overview: S&P 500 Emini Futures The market has formed a monthly Emini trading range in the last 5 months. The bulls want a breakout into new all-time highs followed by a measured move based on the height of the 5-month trading range. The bears must create credible selling pressure (strong bear bars with follow-through […]
Weekly Emini LH MTR
Market Overview: S&P 500 Emini Futures The bears want a weekly Emini LH MTR (lower high major trend reversal). They must create follow-through selling trading below the 20-week EMA and the bear trend line to show they are back in control. If the market trades lower, the bulls want the 20-week EMA or the bull […]
Crude Oil Bears Want a Breakout
Market Overview: Crude Oil Futures The Crude Oil bears want a breakout below the February 18 low followed by another strong leg down to test the November low area from a wedge bear flag (Feb 3, Feb 11, and Feb 20). The bulls hope to get a retest of the January 15 high from a […]
Weekly EURUSD Bulls Need Follow-through Buying
Market Overview: EURUSD Forex The weekly EURUSD bulls need follow-through buying and a breakout above the January 27 high trading far above the bear trend line and the 20-week EMA to increase the odds of the bull leg beginning. The bears want a reversal from a double top bear flag (Jan 27 and Feb 14), […]
EURUSD Bulls Need a Breakout
Market Overview: EURUSD Forex The EURUSD bulls need a breakout above the January 27 high with follow-through buying trading far above the bear trend line and the 20-week EMA to increase the odds of the bull leg beginning. The bears ope the 20-week EMA and the bear trend line will act as resistance. EURUSD Forex […]
Crude Oil Bears Want a Strong Bear Leg
Market Overview: Crude Oil Futures The Crude Oil bears want a strong bear leg to retest the November low area. They need to create a follow-through bear bar following this week’s close below the 20-week EMA. The bulls need to create strong bull bars closing near their highs to show that they are back in […]
Weekly Emini Retest of All-Time High
Market Overview: S&P 500 Emini Futures The market s forming a weekly Emini retest of all-time high. The bulls want a breakout into new all-time highs followed by a measured move based on the height of the 21-week trading range. The bears want a reversal from a double top (Dec 6 and Jan 24) and […]
