Market Overview: S&P 500 E-mini Futures The market formed a big monthly E-mini bull bar into new all-time high territory. Bulls need follow-through buying to increase the odds of trend resumption. Bears want the trend channel line to act as resistance. They want any breakout above it to fail within a bar or two, followed […]
Large Crude Oil Trading Range
Market Overview: Crude Oil Futures The market formed a large Crude Oil trading range following the breakout in March. Bulls see April as a pullback and want a second leg sideways to up. Bears want the March 9 high area to act as resistance. If the market trades higher, they want a failed breakout above […]
EURUSD Is Testing the Middle of the Trading Range
Market Overview: EURUSD Forex EURUSD is testing the middle of the trading range, which is an area of balance and a magnet. Bulls want a retest of the January 27 high, followed by a strong breakout above. Bears want a reversal from a wedge top, a lower high major trend reversal, and a head and […]
EURUSD Inside Doji Pullback
Market Overview: EURUSD Forex The market formed a EURUSD inside doji pullback to the 20-week EMA this week. Bulls want the 20-week EMA to act as support, leading to a second leg sideways to up. Bears want a reversal from a lower high major trend reversal, followed by a retest of the trading range low. […]
Crude Oil is Testing the Middle of the Trading Range
Market Overview: Crude Oil Futures Crude oil is testing the middle of the trading range this week, an area of balance that often acts as a magnet. Bulls want a retest of the March 9 high, even if it forms a lower high. Bears see the current move as a pullback and want it to […]
E-mini Follow-through Bull Bar
Market Overview: S&P 500 E-mini Futures The market formed an E-mini follow-through bull bar this week. Bulls want a strong breakout followed by a measured move based on the height of the recent trading range, projecting to around 7550. Bears see the rally as climactic and want at least a small sideways to down pullback […]
Weekly EURUSD Bulls Want a Bull Breakout
Market Overview: EURUSD Forex The weekly EURUSD bulls want a bull breakout above the trading range and a measured move up move based on its height. Bears want the move to stall near the top of the trading range, forming a lower high major trend reversal. EURUSD Forex market The Weekly EURUSD chart The Daily […]
Large Weekly Crude Oil Trading Range
Market Overview: Crude Oil Futures The market formed a large weekly Crude oil trading range, currently testing near the 20-week EMA. Bulls hope for buyers near the low of the one-bar trading range (March 10). Bears need to create strong bear bars trading below the 20-week EMA to increase the odds of a successful reversal. […]
Strong Weekly E-mini Reversal
Market Overview: S&P 500 E-mini Futures The market formed a strong weekly E-mini reversal breaking into new all-time high territory. Bulls want a spike and channel pattern lasting many weeks. Bears hope the breakout above the prior all-time high (January 28) will lack follow-through and form a failed breakout. S&P500 E-mini futures The Weekly S&P […]
E-mini Bulls Need Follow-through Bull Bars
Market Overview: S&P 500 E-mini Futures The S&P 500 E-mini bulls need follow-through bull bars on the weekly chart to increase the odds of retesting the all-time high. Bears see the current move as a pullback and a retest of the prior high and want it to be weak and sideways, with overlapping bars and […]
