Trading Update: Thursday December 14, 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 Bulls Want Test of July High
Trading Update: Wednesday December 13, 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 Bulls Want Second Leg Up
Trading Update: Tuesday December 12, 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 Bulls Want Follow-Through Today
Trading Update: Monday December 11, 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 risky big bull bar late in a Bull Breakout testing 45k
Market Overview: Bitcoin Futures Bitcoin achieved a big bull bar late in a Bull Breakout. The price rallied 17.60% respecting the past week’s close. However, this surprising Bull Breakout occurs after many bars into a Bull Micro Channel, which is often an exhaustive move, meaning that it is more likely to trade lower towards $40000 […]
EURUSD Pullback from Wedge
Market Overview: EURUSD Forex The weekly chart formed a EURUSD pullback from wedge testing the 20-week EMA. The bears want a reversal from a wedge bear flag (Oct 12, Nov 3, and Nov 29) and a lower high major trend reversal. The bulls want a reversal from a higher low major trend reversal and the […]
Crude Oil Wedge but Strong Bears
Market Overview: Crude Oil Futures The market formed a Crude Oil wedge on the weekly chart. The bears want a retest of the trading range low and a second leg sideways to down after a larger pullback. The bulls will need to create a couple of strong consecutive bull bars, trading above the 20-week EMA […]
Emini Strong Spike
Market Overview: S&P 500 Emini Futures The weekly chart formed an Emini strong spike in the form of a 7-bar bull microchannel. The next target for the bulls is the July 27 high. The bears need to create strong bear bars with sustained follow-through selling to increase the odds of a deeper pullback. S&P500 Emini […]
Nasdaq 100 Second Leg up of the Spike up in Nov 2023?
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures week is a bull bar closing near its high with a tail below. The market seems at the start of the second leg up of the spike up in Nov 2023. On the daily chart, the market tested the exponential moving average (EMA) on Monday […]
DAX 40 All Time High, Bull MC, Top of Expanding Triangle
Market Overview: DAX 40 Futures DAX futures hit a new All Time High on Wednesday and then again on Friday. It’s strongly bullish but also at the top of an expanding triangle, so far away stop, traders should consider trading another timeframe where they can manage risk more easily. But until the bears do something, […]
