Market Overview: Weekend Market Analysis The SP500 Emini futures stalled and formed the 3rd leg sideways to down. Bears want a strong break below the February 24 low followed by a measured move down. They need next week to close as another bear follow-through bar. If they get that, the odds of a breakout below February 24 […]
Emini weak follow-through buying so far
Market Overview: Weekend Market Analysis The SP500 Emini futures triggered the high 2 buy signal this week on the weekly chart, but weak follow-through buying so far. Traders are looking to see if the bulls can create another leg higher. If the Emini stalls at the February 2 lower high, odds are sellers will return […]
Emini breakout below OO but no follow-through selling
Market Overview: Weekend Market Analysis The SP500 Emini futures traded below January low, triggering the sell signal from the second OO pattern on the monthly chart. However, there was no follow-through selling and the Emini reversed back above the middle of the bar. Monday is the final day of the month. The bulls want a close far […]
Emini bear bar closing near low on weekly chart
Market Overview: Weekend Market Analysis The SP500 Emini futures formed a second leg higher but reversed with bear bar closing near low on the weekly chart. The bears want this to be the start of the second leg sideways to down following January’s sell-off. The bears will need next week to be another bear follow-through bar to […]
Emini January candlestick closed as outside down bear bar with long tail below
Market Overview: Weekend Market Analysis The SP500 Emini futures January monthly candlestick was an outside down bear bar with a long tail below. It closed slightly below the middle of the bar and is a sell signal bar for February. However, the long tail below makes it a weaker sell signal bar. The bar after an outside […]
Emini strong bull reversal bar on weekly chart
Market Overview: Weekend Market Analysis The SP500 Emini futures traded below October low and reversed sharply higher closing above last week’s close on the weekly chart, a strong bull reversal bar. Monday is the last trading day of the month. Bulls want a strong close above the middle of the monthly candlestick around 4500. Bears […]
Emini surprise bear breakout below bull trend lines
Al added a few comments to report Market Overview: Weekend Market Analysis The SP500 Emini futures broke far below the bull trend line and December 2020 low on the weekly and daily chart. It was a Surprise Bear Breakout which typically leads to a second leg sideways to down. The next target for the bears […]
Emini bears failed to get follow-through selling on weekly chart
Al added a few comments to report Market Overview: Weekend Market Analysis The SP500 Emini futures weekly candlestick was a bull doji bar. The bears failed to get follow-through selling following last week’s bear signal bar. The bulls see the 3 pushes down (December 3, December 20, and January 10) as a wedge bull flag and want […]
Emini new high but weekly outside bear bar closed near low
Market Overview: Weekend Market Analysis The SP500 Emini futures traded lower after making a new high this week. An outside bear bar on the weekly chart. It is a 50% pullback from the December 20 rally. Bears want a test of the December low from a higher high double top with November 22, or a […]
Emini closed 2021 near new all-time high
Market Overview: Weekend Market Analysis The SP500 Emini futures closed 2021 near new all-time high. This week was a weak breakout above the 8-week trading range to the new all-time high. Bulls want a continuation higher to test the top of the trend channel line and the 5000 big round number. Bears want a reversal […]
