Market Overview: S&P 500 Emini Futures The market formed a weekly Emini weak pullback to the 20-week EMA. The bulls want a breakout into new all-time highs followed by a measured move based on the height of the recent 20-week trading range. The bears must do more to show that they are back in control. […]
Weekly Crude Oil Bear Leg
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil bear leg testing the middle of the trading range. The bears want a strong bear leg to retest the bottom of the trading range. The bulls want a small sideways to up leg to retest the recent leg extreme high (Jan 15), even […]
EURUSD Retest January Low
Market Overview: EURUSD Forex The EURUSD retest January low this week but lacked follow-through selling. The bulls see the current move (Feb 3) as a retest of the prior trend’s extreme low and want a higher low major trend reversal. If the market trades higher, the bears want the 20-week EMA to act as resistance. […]
Weak EURUSD Follow-through Selling
Market Overview: EURUSD Forex The market formed a weak EURUSD follow-through selling below the trading range. 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 failed breakout below the trading range and a reversal from a large double […]
Monthly Crude Oil Lower High
Market Overview: Crude Oil Futures The market formed a monthly Crude Oil lower high, closing the monthly candlestick with a long tail above. The bears want the market to form another lower high and a failed breakout from the triangle pattern. The bulls hope to get a retest of the July 15 high, even if […]
Weak Emini Follow-through Selling
Market Overview: S&P 500 Emini Futures The market formed weak Emini follow-through selling on the monthly chart. The bulls want February to break into new all-time highs followed by a measured move based on the height of the recent sideways trading range. If the market trades higher, they hope the recent sideways trading range will […]
Emini Bulls Need Follow-through Buying
Market Overview: S&P 500 Emini Futures The Emini bulls need follow-through buying to increase the odds of a breakout into new all-time highs territory and a continuation of the bull trend. The bears want a reversal from a double top (Dec 6) and a lower high major trend reversal. If the market trades higher, they […]
Crude Oil Pullback on the Weekly Chart
Market Overview: Crude Oil Futures The market form a Crude Oil pullback on the weekly chart. The bears need to create follow-through selling next week to increase the odds of the bear leg beginning. The bulls see this week as a pullback and want at least a small second leg sideways to up to retest […]
EURUSD Bulls Need Follow-through Buying
Market Overview: EURUSD Forex The EURUSD bulls need follow-through buying following this week’s breakout above the bear trend line. They hope this is the start of the bull leg within trading range. The bears see the current move as a pullback and want the 20-week EMA to act as resistance. EURUSD Forex market The Weekly […]
EURUSD Bulls Need to Do More
Market Overview: EURUSD Forex The EURUSD bulls need to do more to show that they are at least temporarily back in control by creating consecutive bull bars closing near their highs trading far above the bear trend line. The bears want a strong breakout below the trading range low and a measured move based on […]
