Market Overview: Bitcoin Futures Bitcoin futures surge from support. The price barely decreased -0.36% of its value this week, after gapping down after the prior weekly close. Moreover, bears were unable to close, again, below the Head and Shoulders Bottom (HSB) breakout point and the 20 Exponential Moving Average (20 EMA). Bitcoin futures The Weekly […]
EURUSD Bull Follow-through
Market Overview: EURUSD Forex The EURUSD Forex weekly candlestick formed a bull follow-through bar trading far above the 20-week exponential moving average. The bulls want a retest of the April high and a breakout above. The bears hope that this week was simply a deep pullback (bounce) and want a retest of the May 31 […]
Crude Oil HL MTR (Higher Low Major Trend Reversal)
Market Overview: Crude Oil Futures The Crude oil futures formed a HL MTR (Higher Low Major Trend Reversal) pattern on the weekly chart. The market traded lower but the bears failed to get follow-through selling. Poor follow-through and reversals are common within a trading range. The bulls need to create a follow-through bull bar next […]
Emini TCL Overshoot (Trend Channel Line)
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures traded higher and formed a TCL Overshoot (trend channel line). The bulls want a strong breakout above the August high and a measured move up to around the March 2022 high area. The bears want a failed breakout above the August high and at least a […]
Nifty 50 Near All-Time High
Market Overview: Nifty 50 Futures Nifty 50 Near All-Time High. On the weekly chart, Nifty 50 produced an impressive bull close this week. The market is currently trading close to its all-time high, which may serve as a strong price resistance. The market is still moving inside the narrow bull channel, according to the weekly […]
Nasdaq 100 Close above March 2022 Swing High
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures gapped up above last week and ended the week as a big bull trend bar with a tail at the top. The market went above and closed above the March 2022 swing high. On the monthly chart, the market is in a bull spike phase. […]
DAX 40 Bull BO Above ATH, Top of Tight Channel
Market Overview: DAX 40 Futures DAX futures moved higher last week with a strong bull BO, a trend bar. The bulls see a BO and FT above the ATH. The bears see a buy climax late in a trend which can attract profit-taking. Although there is nothing to sell yet, most BOs above trading ranges […]
FTSE 100 High 2 in Bear Leg at Prior All-Time High
Market Overview: FTSE 100 Futures The FTSE futures market moved prices higher, setting up a High 2 with 5 days of trending lows. The bears failed to get follow-through selling at the MA, so we might need to move higher. The bull bars are not strong, and we have a bear trend line above, which should […]
Emini Buy Climax Closing Beyond 4,450
Trading Update: Friday June 16, 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 Stalling Under Important Resistance
Trading Update: Thursday June 15, 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 […]
