Trading Update: Tuesday January 31, 2023 Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini intraday market update 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 […]
Emini Likely Close below Open and Disappoint Bulls
Trading Update: Monday January 30, 2023 Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini intraday market update 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 […]
Bitcoin Testing 200-week Moving Average
Market Overview: Bitcoin Futures Bitcoin futures testing 200-week moving average. During the week, the price increased +4.15% of its value. Tuesday is the last day of the month; So far, the Bitcoin price is up in January by +39.85%. Bitcoin futures The Weekly chart of Bitcoin futures Analysis Trading The Daily chart of Bitcoin futures Analysis […]
EURUSD Wedge and Micro Wedge
Market Overview: EURUSD Forex The EURUSD Forex formed a wedge and micro wedge on the weekly chart. However, the bears are still weak and need to do more to convince traders of a pullback or a reversal. The bulls want any pullback to be sideways and not deep. If the pullback is weak and sideways, […]
Crude Oil Bear Inside Bar
Market Overview: Crude Oil Futures The Crude oil futures weekly candlestick was a Crude Oil bear inside bar sitting under the 10-week trading range high, 20-week exponential moving average and the bear trend line. Bulls need to break far above these resistances to increase the odds of higher prices. The bears want a retest and breakout below […]
Emini Retesting December High
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures weekly candlestick was a bull bar retesting December high. It was also a breakout above the bear trend line. The bulls will need to create follow-through buying over the next several weeks. Bears see the selloff from January 2022 as a broad bear channel […]
Nifty 50 Leg 1 = Leg 2
Market Overview: Nifty 50 Futures Nifty 50 leg 1 = leg 2 measured move on the weekly chart after giving a bear breakout of the smaller triangle. The market also broke below the strong bull channel, and now bears need a follow-through bar for a successful bear breakout of the bull channel. Nifty 50 on […]
Nasdaq 100 Bull Breakout above Weekly EMA
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures market in breakout above weekly EMA (exponential moving average) and is back at the December high. The January monthly bar so far is a good bull reversal bar. A couple of problems for bulls: It is an inside bar (i.e. high and low within the […]
DAX 40 Possible Bull Leg in Trading Range, Tight Bull Channel
Market Overview: DAX 40 Futures DAX futures were in a tight bull channel last week. Traders are deciding if it is a possible bull leg in a trading range. The bulls are at one measured move target and want the swing target above. The bears want to sell to keep the price in the range […]
FTSE 100 Pullback in Bull Micro Channel, Higher High
Market Overview: FTSE 100 Futures The FTSE futures market dipped below the low of a prior bar last week, a FTSE 100 pullback in a bull Micro Channel. We said last week there would likely be buyers there. We are always in long, but after 12 months in a trading range, a strong reversal here could […]
