Trading Update: Wednesday February 28, 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 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 […]
Emini Bears Want Selloff Back to Moving Average
Trading Update: Tuesday February 27, 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 Sideways Likely
Trading Update: Monday February 26, 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 at the Top of a Bull Channel holding above $50000
Market Overview: Bitcoin Bitcoin started the week on a high note, the previous week’s candlestick closing as a strong bull bar. This fueled expectations for a retest of the prior week’s high, but the current weekly bar paints a different picture. It’s shaping up as a bearish reversal, suggesting bulls are losing steam as the […]
Minor Pullback on EURUSD
Market Overview: EURUSD Forex This week formed a minor pullback on the EURUSD weekly chart. The bulls need consecutive bull bars closing near their highs, trading above the 20-week EMA to increase the odds of the bull leg resuming. The bears want the 20-week EMA to act as resistance followed by at least a small […]
Crude Oil Wedge Bear Flag
Market Overview: Crude Oil Futures The weekly chart formed a Crude Oil wedge bear flag on the weekly chart. The bears will need to create sustained follow-through selling closing below the 20-week EMA to increase the odds of another leg lower. If the market trades lower, the bulls want a reversal from a wedge bull […]
Emini Embedded Wedge
Market Overview: S&P 500 Emini Futures The weekly chart formed an Emini embedded wedge in the current leg up from January. The bulls want a strong breakout into a new all-time high territory, hoping that it will lead to many months of sideways to up trading. The bears hope to get a TBTL (Ten Bars, […]
Nifty 50 Reversal Attempt Failed
Market Overview: Nifty 50 Futures Nifty 50 Reversal Attempt Failed on the weekly chart. In this week’s market analysis, we observe a small bullish bar formation with a tail at the bottom. Despite attempts by bears to initiate a strong reversal, the bullish trend remains robust, resulting in a failed reversal. Notably, the Nifty 50 […]
DAX 40 Breakout and MM Targets Above, ATH
Market Overview: DAX 40 Futures DAX futures moved higher in a bull breakout last week. Consecutive bull bars at a new ATH, so most traders should be long or flat. We are starting to get a lot of sideways price action, so it is a channel, and many bulls will scale-in lower and scale-out at […]
FTSE 100 Pause After Buy Signal, High in TR
Market Overview: FTSE 100 Futures FTSE 100 futures moved sideways to up last week after a slight pause above the MA. The bulls managed to get a strong spike earlier, and now it looks like we have bull follow-through. Most traders are hesitant to hold while in a triangle and BOM. I think we are […]
