Market Overview: Crude Oil Futures The market formed a weekly Crude Oil follow-through buying testing near the April high. If there is a pullback, the bulls want at least a small second leg sideways to up to retest the current leg extreme high (now Jan 15). The bears see the current move as a buy […]
The Emini Bulls Need Follow-through
Market Overview: S&P 500 Emini Futures The Emini bulls need follow-through buying to increase the odds of retesting the all-time high. If the market trades higher, the bears want a double top bear flag with the December 26 high or a lower high major trend reversal. S&P500 Emini futures The Weekly S&P 500 Emini chart […]
Weekly Emini Lower High Major Trend Reversal
Market Overview: S&P 500 Emini Futures The market formed a weekly Emini lower high major trend reversal this week. The bears need to create a follow-through bear bar to increase the odds of lower prices. The bulls want the 20-week EMA, the October/November lows, or the bull trend line to act as support. S&P500 Emini […]
Weekly Crude Oil Breakout Above the Triangle
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil breakout above the triangle pattern. The bulls want a measured move based on the height of the tight trading range which will take them to the July high area. The bears want a reversal from a double top bear flag (Oct 8 and […]
Weekly EURUSD Breakout Below the Trading Range
Market Overview: EURUSD Forex The market formed a weekly EURUSD breakout below the trading range. The bears want a measured move based on the height of the trading range. The bulls want a reversal from a large double bottom bull flag (Oct 3 and Jan 2), a wedge pattern (Oct 23, Nov 22, and Jan […]
Eurusd Breakout below Trading Range
Market Overview: EURUSD Forex The EURUSD breakout below the trading range on the weekly chart. The bears want a strong breakout below the trading range low and a measured move based on the height of the trading range. The bulls want a failed breakout followed by a retest of the middle of the trading range. […]
Crude Oil Breakout from Tight Trading Range
Market Overview: Crude Oil Futures Crude Oil breakout from the tight trading range on the weekly chart. The bulls want a measured move based on the height of the tight trading range which will take them near the July high. The bears want the market to form a lower high and the top of the […]
Monthly Emini Bear Bar
Market Overview: S&P 500 Emini Futures The market formed a monthly Emini bear bar in December. The bears must create consecutive bear bars (something they haven’t been able to do since Oct 2023) to show they are back in control. The bulls They want the pullback to have poor follow-through selling. S&P500 Emini futures The […]
Weekly EURUSD Inside Doji
Market Overview: EURUSD Forex The market formed a weekly EURUSD inside doji this week. The bulls want a breakout above, while the bears want a breakout below the inside bar. The bears want a strong breakout below the trading range and a measured move based on the height of the trading range. The bulls want […]
Weekly Crude Oil Inside Bar
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil inside bar closing near its high. The bulls need to create a strong breakout above the November 7 high to increase the odds of a measured move up based on the height of the tight trading range. The bears want a retest of […]
