Market Overview: Crude Oil Futures The Crude oil futures formed a 7-week tight trading range. The bulls did not get sustained follow-through buying this week and the weekly candlestick reversed into a bear bar. The bears will need to create follow-through selling next week to increase the odds of retesting the May 4 low. Crude […]
Emini Minor Pullback
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures formed a minor pullback on the weekly chart following the trend channel line overshoot. The bulls want at least a small second leg sideways to up retesting the current leg extreme (June 16) after the current pullback. The bears want a failed breakout above […]
Nasdaq 100 Bear Reversal inside bar
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures week is a bear reversal inside bar with small tails above and below. The market has been in a bull microchannel for the past 7 weeks – i.e., the low of each week has been higher than the low of the prior week. Next week […]
DAX 40 DT at MM Target or Big Bull BO and PB?
Market Overview: DAX 40 Futures DAX futures moved lower last week with a two-bar reversal. After hitting a MM target, we expected profit-taking. Bears will want follow-through selling, although they have struggled on this timeframe to get it. The bulls will likely buy lower, looking to scale back into longs if the bears get a […]
FTSE 100 Big Bear Surprise, Leg 3 in Trending TR
Market Overview: FTSE 100 Futures The FTSE futures market moved lower last week with a bear surprise bar, and bears will want follow-through selling. The bulls see many legs and a higher-low with March. Traders have been buying the 100-week MA, so there is a natural long there. The bears will try and trap bulls there. […]
Nifty 50 Broad Bull Channel
Market Overview: Nifty 50 Futures Nifty 50 Broad Bull Channel on the weekly chart. This week, the market gave a strong bearish close and is currently trading inside a strong, tight bull channel. The bulls tried to break above the all-time high and give a strong close this week, but they were unsuccessful. The bears are […]
Emini Support at 4,400 and June 15th Low
Trading Update: Friday June 23, 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 several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each sell entry with a […]
Emini Bears Want Endless Pullback
Trading Update: Thursday June 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 several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each sell entry with a […]
Emini Second Leg Down Likely
Trading Update: Wednesday June 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 several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each […]
Emini Buy Climax test of 4,500 Round Number
Trading Update: Tuesday June 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 Friday’s Emini setups Al created the SP500 Emini charts. Here are several reasonable stop entry setups from last Friday (before US holiday break). I show each buy entry with […]
