Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures opened lower but no follow-through selling. The bears hope that this week was simply a pullback and want another leg down forming the wedge pattern with the first two legs being March 2 and March 13. The bulls hope that the current pullback will […]
EURUSD Pullback Stalled at 20-Week EMA
Market Overview: EURUSD Forex The EURUSD Forex market pullback stalled at the 20-week exponential moving average (EMA) for the last 3 weeks. The bulls want a larger second leg sideways to up to retest February high from a higher low major trend reversal and a double bottom bull flag with January 6 low. The bears […]
Crude Oil Low 4 Sell Signal Triggered
Market Overview: Crude Oil Futures The Crude oil futures triggered the Low 4 sell signal on the weekly chart by trading below last week’s low. The bears will need to create follow-through selling to increase the odds of a retest and breakout below the 16-week trading range. The bulls need to break far above the […]
Emini Big Outside Bear Bar
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures weekly candlestick was a big outside bear bar, reversing down from a lower high major trend reversal. The bears want this to be the start of the bear leg testing the October low. The bulls hope that the current pullback will form a higher […]
Crude Oil Wedge Bull Flag but Trading Range
Market Overview: Crude Oil Futures The Crude oil futures weekly chart formed a Crude Oil wedge bull flag in a trading range. The weekly candlestick was a bull bar closing near the high. The bulls want a retest followed by a breakout above the 15-week trading range high. The bears got a reversal down from a wedge […]
EURUSD Bear Reversal Bar
Market Overview: EURUSD Forex The EURUSD Forex February monthly candlestick was a EURUSD bear reversal bar. The bears want this to be the start of the deeper pullback. Odds slightly favor the 6-bar bull micro channel streak to end soon. The bulls want any pullback to be shallow and sideways. If they get that, the […]
Emini Higher Low, Strong Bull Bar
Market Overview: S&P 500 Emini Futures The weekly chart was a strong bull bar and the bulls hope that the S&P 500 Emini futures market is forming a higher low followed by another strong leg up. The bulls will need to create strong follow-through buying to increase the odds of a retest of the February 2 high. […]
Crude Oil Weak Follow-through Selling
Market Overview: Crude Oil Futures The Crude oil futures bears got a weak follow-through selling on the weekly chart. They hope that this week was simply a pullback and want another leg down breaking below Jan/Feb lows. The bulls want a reversal up from a wedge bull flag and a higher low major trend reversal. […]
Emini Follow-through Bear Bar
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures weekly candlestick was a follow-through bear bar after last week’s break below the inside doji. The bears need to create consecutive bear bars closing near their lows to increase the odds of lower prices. The bulls hope the pullback will result in a higher low and […]
EURUSD Pullback to the 20-Week EMA
Market Overview: EURUSD Forex The EURUSD Forex weekly chart bears got a pullback to the 20-week EMA (exponential moving average). The bears want a continuation down to the January 6 low or the November 21 low which was the start of the bull channel. The bulls want a reversal higher from a double bottom with […]