Trading Update: Monday December 18, 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 reasonable stop entry setups from Friday. I show each buy entry bar with a green arrow and each sell entry bar with […]
Bitcoin 2nd inside bar of a solid 10-week bull micro channel
Market Overview: Bitcoin Futures Bitcoin 2nd inside bar of a 10-week Bull Micro Channel. Last week, we have said that the price was likely to test this week’s low instead of continuing to trend up higher, and this is what happened. This sell-off was provoked by Bulls taking profits, since there is not any topping […]
EURUSD Second Leg Up?
Market Overview: EURUSD Forex The bulls hope that the market is forming a EURUSD second leg up from a higher low major trend reversal. They want a retest and breakout above the trading range high. The bears want at least a small second leg sideways to down to retest the December 8 low. EURUSD Forex […]
Crude Oil Wedge in a Trading Range
Market Overview: Crude Oil Futures The weekly chart formed a Crude Oil wedge in a trading range. If the market trades higher, the bears want a larger second leg sideways to down after the pullback. The bulls hope to get a two-legged sideways to up pullback lasting a couple of weeks. They will need to […]
Emini 8-Bar Bull Microchannel
Market Overview: S&P 500 Emini Futures The weekly chart is forming an Emini 8-bar bull microchannel. That means strong bulls. The bulls will need to create follow-through buying following the breakout above the July 27 high. The bears hope the climactic move will lead to a two-legged sideways to down pullback. S&P500 Emini futures The […]
Nasdaq 100 Breakout Attempt above July 2023 High
Market Overview: NASDAQ 100 Emini Futures Note – I am in the process of moving my Charts off ThinkorSwim. I realized they don’t handle backadjusting of continuous futures contracts on weekly and monthly timeframes. The main impact of this is specific targets like all-time highs, Measured-move targets mentioned in prior reports. The NASDAQ Emini futures […]
DAX 40 First Reversal Attempt, High in Bull Breakout
Market Overview: DAX 40 Futures DAX futures went sideways last week with the first reversal attempt by the bears high in a bull breakout – a bull microchannel. The market rushed strongly to 17000- so we went 2000 points straight up. The market might need to go sideways to work out the next direction. Bulls […]
FTSE 100 Bear Reversal Bar With Big Bull Breakout
Market Overview: FTSE 100 Futures FTSE 100 futures went sideways last week with a bear reversal bar. It was a bull doji but with a collapse on Friday evening. We are still in a tight channel but disappointing FT for the bulls, so likely buyers below not above. Nothing to sell for bears yet, but […]
Nifty 50 Bull Breakout
Market Overview: Nifty 50 Futures Nifty 50 Bull Breakout on the weekly chart. On the weekly chart, the Nifty 50 produced yet another strong bull close. The market is currently creating seven straight bull bars, which makes it more difficult for bears to enter the market. The bull channel has seen a robust bull breakout […]
Emini Bad Follow-Through after Buy Climax
Trading Update: Friday December 15, 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 […]
