Market Overview: Crude Oil Futures The monthly chart is forming a Crude Oil trading range. The bulls want a reversal from a higher low major trend reversal and a double bottom bull flag (May 4 and Dec 13). The bears see January simply as a pullback and want a second leg sideways to down. They […]
Emini Test All-Time High
Market Overview: S&P 500 Emini Futures The monthly chart is forming an Emini test all-time high. The bulls hope that the market will reach the all-time high and break out above. The bears want a reversal from a lower high major trend reversal or a double top and a large wedge pattern (Dec 2, July […]
Crude Oil Strong Bull Bar
Market Overview: Crude Oil Futures The weekly chart formed a Crude Oil strong bull bar closing above the 20-week EMA. The bulls need to get a follow-through bull bar to increase the odds of the bull leg beginning. The bears see the current move simply as a two-legged pullback and want the 20-week EMA and […]
Emini Bull Channel
Market Overview: S&P 500 Emini Futures The weekly chart is possibly forming an Emini bull channel following the recent pullback. The next target for the bulls is the all-time high. They want a strong breakout into new all-time high territory, hoping that it will lead to many months of sideways to up trading. The bears […]
EURUSD High 2 Buy Setup, Bulls Need Strong Entry
Market Overview: EURUSD Forex The weekly chart formed a EURUSD high 2 buy setup trading slightly above the 20-week EMA. The bulls need a strong bull entry bar with follow-through buying to increase the odds of the bull leg resuming. The bears need to create a few strong consecutive bear bars closing below the 20-week […]
Crude Oil Sideways Trading Range
Market Overview: Crude Oil Futures The weekly chart formed a Crude Oil sideways trading range with overlapping bars. The bulls will need to create follow-through buying trading above the 20-week EMA to increase the odds of the bull leg beginning. The bears want another leg down to retest the prior leg low (Dec 13) and […]
EURUSD Tested the 20-Week EMA
Market Overview: EURUSD Forex The weekly chart: the EURUSD tested the 20-week EMA in a two-legged pullback. The bears need to create a few strong consecutive bear bars closing below the 20-week EMA to increase the odds of retesting the trading range low. The bulls want the 20-week EMA to act as support, followed by a […]
Emini Breakout above the Dec 28 high
Market Overview: S&P 500 Emini Futures The weekly chart: The Emini breakout above the Dec 28 high and the bulls need follow-through buying to increase the odds of a retest of the all-time high. The bears want the Emini to stall around the December 28 high area or the trend channel line area. S&P500 Emini […]
Crude Oil Sideways Pullback
Market Overview: Crude Oil Futures The weekly chart is forming a Crude Oil sideways pullback below the 20-week EMA and the bear trend line. The bears want another leg down from a double top bear flag. The bulls will need to create follow-through buying trading above the 20-week EMA to increase the odds of higher […]
EURUSD Stall at the 20-Day EMA
Market Overview: EURUSD Forex The pullback in the EURUSD stall at the 20-day EMA on the daily chart. The bears want a reversal from a small double top bear flag. The bulls want the 20-day EMA and the bull trend line to act as support and resume the bull leg higher. EURUSD Forex market The […]