Market Overview: FTSE 100 Futures FTSE 100 futures went higher last week, reversing the week before. Two legs down after a very strong breakout. The bears want a third leg, but with the daily chart going always in long, it would be better to be long or flat next week. It can go sideways, but […]
Emini Bears Halting Buying Pressure
Trading Update: Friday June 21, 2024 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini Intra-Day Update Yesterday’s Emini setups Al created the SP500 Emini charts. Here are reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell […]
Emini Pullback to Moving Average Likely
Trading Update: Thursday June 20, 2024 End of day video review S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Tuesday’s Emini setups Al created the SP500 Emini charts. Here are reasonable stop entry setups from Tuesday (before yesterday’s US holiday break). I show each buy entry bar […]
Emini Consecutive Buy Climaxes on Daily Chart
Trading Update: Tuesday June 18, 2024 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 reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell entry bar with […]
Emini Weak High 1 Buy Signal Bar
Trading Update: Monday June 17, 2024 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 reasonable stop entry setups from Friday. I show each buy entry bar with a green arrow and each sell entry bar with […]
Bitcoin potential short-term break down shift from $70000
Market Overview: Bitcoin Bitcoin‘s price action is at a pivotal point, as the weekly chart reveals a potential shift in short-term momentum. This week’s bearish candlestick suggests that bears might be gaining influence, posing a challenge to the bulls. The market is now at a crucial juncture, with the resolution of this consolidation phase likely […]
EURUSD Bears Need Follow-through
Market Overview: EURUSD Forex The EURUSD bears need follow-through selling following this week’s bear bar closing below the 20-week EMA. The bulls want a reversal from a higher low major trend reversal or a double bottom with the April low. The EURUSD is trading near the lower third of the smaller trading range which can […]
Weekly Crude Oil Pullback
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil pullback to the middle of the trading range on the weekly chart. The bulls want a retest of the April 12 high after the current pullback and the bull trend line to act as support. The bears want the 20-week EMA and the bear trend line to […]
Emini Sideways to Up
Market Overview: S&P 500 Emini Futures The market formed an Emini sideways to up breaking into new high territory. The bulls want to get another strong leg up completing the wedge pattern with the first two legs being July 27 and March 21. The third leg up is currently underway. If the market trades higher, the bears want a micro wedge to form […]
Nifty 50 Trading Range Breakout
Market Overview: Nifty 50 Futures Nifty 50 Trading Range Breakout on the weekly chart. This week, the market closed with a small bullish body, indicating a trading range price action on the lower time frame after the high volatility caused by the election results. The market also broke out of the trading range, suggesting a […]
