Market Overview: S&P 500 Emini Futures The market is forming a weekly Emini trading range. The bears see this week simply as a pullback and want at least a small second leg sideways to down. The bulls see the current move simply as a pullback and want the market to resume higher from a double […]
Emini Pullback to the 20-Week EMA
Market Overview: S&P 500 Emini Futures The market formed an Emini pullback to the 20-week EMA on the weekly chart. The bulls see this week simply as a pullback and want the market to resume higher from a double bottom bull flag (Nov 4 and Dec 20). The bears hope to get a TBTL (Ten […]
Bulls Want a Crude Oil Breakout
Market Overview: Crude Oil Futures The bulls want a Crude Oil breakout to retest the top of the triangle from a wedge bull flag (Oct 29, Nov 18, and Dec 6). The bears want a retest of the October/September lows and the bottom of the triangle from a wedge bear flag (Nov 7, Nov 22, […]
EURUSD Retest the Recent Low
Market Overview: EURUSD Forex The EURUSD retest the recent low (Nov 22) this week. The bears want a strong breakout and 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 Nov 22), a higher low major trend reversal and […]
Weekly Crude Oil Wedge Bull Flag
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil wedge bull flag. The bulls want a breakout and a measured move based on the height of the tight trading range. The bears want the bear trend line or the 20-week EMA to act as resistance. If the market trades higher, they want […]
Weekly EURUSD Retest of the Recent Low
Market Overview: EURUSD Forex The market is forming a weekly EURUSD retest of the recent low (Nov 22). The bears want another leg down to complete the wedge pattern (the first two legs being Oct 23 and Nov 22). The bulls hope this week was simply a pullback and want at least another sideways to […]
Emini Bears Need Strong Follow-through Selling
Market Overview: S&P 500 Emini Futures The Emini bears need strong follow-through selling to convince traders that they are back in control. They hope to get a TBTL (Ten Bars, Two Legs) pullback lasting at least a few weeks. The bulls see this week simply as a pullback and want the market to resume higher. […]
Emini Continue Trading Sideways to Up
Market Overview: S&P 500 Emini Futures The Emini continue trading sideways to up with no credible selling pressure. The bulls see the market as being in a broad bull channel and want the market to continue sideways to up for many months. If there is a pullback, they want the 20-week EMA or the bull […]
Weekly Crude Oil Wedge Bear Flag
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil wedge bear flag (Oct 24, Nov 7, and Nov 22). The bears must create sustained follow-through selling to increase the odds of a breakout below the triangle. The bulls see the current move as a three-legged pullback – a wedge bull flag (Oct […]
Weekly EURUSD Breakout Pullback
Market Overview: EURUSD Forex The market formed a weekly EURUSD breakout pullback in the last 2 weeks. The bears want a retest of the trading range low followed by a strong breakout and measured move based on the height of the trading range. The bulls want a failed breakout and the trading range low to […]
