Market Overview: EURUSD Forex The weekly chart was a EURUSD consecutive bull bar, testing the trading range high. The bulls need to create follow-through buying above the November 29 high to increase the odds of retesting the July high. The bears want a reversal from a small double top (Nov 29 and Dec 22) and […]
Crude Oil Minor PB
Market Overview: Crude Oil Futures The weekly chart formed a Crude Oil minor pb (pullback). The bulls need to continue creating follow-through buying trading above the 20-week EMA and the bear trend line to increase the odds of a reversal. The bears want a retest of the December low and another strong leg down after […]
Emini 9-Bar Bull Microchannel
Market Overview: S&P 500 Emini Futures The weekly chart formed an Emini 9-bar bull microchannel which means strong bulls. There may be buyers below the first pullback from such a strong bull microchannel. The bears need to create strong bear bars with follow-through selling to increase the odds of a deeper pullback. S&P500 Emini futures […]
DAX 40 Low 1 Buy in Bull Microchannel, Double Top
Market Overview: DAX 40 Futures DAX futures went sideways with a Low 1 in a Bull Microchannel. It was a failed breakout above the prior trading range, but most traders expect more now or after a short pause. Because bulls have a higher probability, their stop is far away, and they need a higher low […]
FTSE 100 Tight Bull Channel, Leaving BOM or DT?
Market Overview: FTSE 100 Futures FTSE 100 futures went higher in a tight bull channel as we left breakout mode with several small consecutive bars higher. Bears want a sell signal to fade the top of the trading range, but we are now getting many small bars, so it could be the first leg of […]
Nifty 50 Bull Micro Channel
Market Overview: Nifty 50 Futures Nifty 50 Bull Micro Channel on the weekly chart. After an extended period of bull bars, the Nifty 50 has formed a bear. This week, the market formed a weak bear bar that has no chance of leading to a reversal. Second leg up is likely ahead of any significant […]
Emini Sellers above High 1
Trading Update: Friday December 22, 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 reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell entry bar with […]
Emini Bulls Taking Profits
Trading Update: Thursday December 21, 2023 S&P 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 reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each […]
Emini Climactic Behavior Late in Trend
Trading Update: Wednesday December 20, 2023 S&P 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 reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each […]
Emini Likely to Test Friday’s Inside Bar High
Trading Update: Tuesday December 19, 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 reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell entry bar with […]
