Trading Update: Wednesday September 27, 2023 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Yesterday’s Emini setups Al created the SP500 Emini charts. Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each sell entry with a […]
Emini Likely to Reach August 18 Low
Trading Update: Tuesday September 26, 2023 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Yesterday’s Emini setups Al created the SP500 Emini charts. Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each sell entry with a […]
Emini Always In Short
Trading Update: Monday September 25, 2023 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Friday’s Emini setups Al created the SP500 Emini charts. Here are several reasonable stop entry setups from Friday. I show each buy entry with a green rectangle and each sell entry with a […]
Crude Oil Climactic Rally
Market Overview: Crude Oil Futures The weekly chart formed a Crude Oil climactic rally. While odds slightly favor the market to still be in the sideways to up phase, the move up since June has lasted a long time and is slightly climactic. A minor pullback can begin at any moment. The bears want a […]
Bitcoin Double Top Lower High below $27000
Market Overview: Bitcoin Bitcoin Double Top Lower High on the Daily Chart. This week was quiet, the price tried to trade higher but then reversed down from the 20-week Exponential Moving Average (EMA). On the Daily Chart, the price is within a Sell Zone of a Bear Channel and formed a Double Top Lower High, […]
EURUSD Tight Channel
Market Overview: EURUSD Forex The weekly chart formed a EURUSD tight channel consisting of 10 consecutive bear bars. That means strong bears. Odds favor at least a small second leg sideways to down after a larger pullback. The bulls hope to get a reversal up from a parabolic wedge. EURUSD Forex market The Weekly EURUSD […]
Emini Two-legged Pullback
Market Overview: S&P 500 Emini Futures The weekly chart formed an Emini two-legged pullback testing near the February 2 breakout point. The bulls see the move simply as a pullback and want a retest of the July 27 high followed by a strong breakout above. The bears need to create follow-through selling following this week’s […]
Nasdaq 100 Second Leg Down from 7/31 Is Confirmed
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures week is a strong bear trend bar closing on its low approaching support at the weekly exponential moving average (EMA). The second leg down from 7/31 is confirmed. In other words, the first move down was from 7/31, and now the 2nd leg is confirmed. […]
DAX 40 Surprise DT Bear Flag, Bear Bar Below MA
Market Overview: DAX 40 Futures DAX futures moved back down last week with a bear bar below the MA, which could be a DT bear flag but more likely BOM. When the outside down bar got FT, it set a target below, which could give us one more bear bar. But the FT has disappointed […]
FTSE 100 Big Expanding Triangle, DT and 2nd Leg Up Likely
Market Overview: FTSE 100 Futures The FTSE futures market went sideways last week with another pause in an expanding triangle pattern. But after 4 consecutive bull bars, it will be tough for bears to do too much damage. Strong micro gaps below, so many reasons to be long. Bears hope to trap bulls here and return […]
