Market Overview: Bitcoin Futures Bitcoin futures doji bar and breakout point test of a Head and Shoulders Bottom (HSB). The price increased its value by 1.57% during the week. Bitcoin gapped up on Monday and ended the week trading at around its opening price, creating a weekly doji bar. Traders wonder if bulls will resume their […]
EURUSD Pullback to 20-Week EMA
Market Overview: EURUSD Forex The EURUSD Forex pullback to the 20-week EMA (exponential moving average) on the weekly chart. The bears got follow-through selling following last week’s big bear bar. They want a retest of the March low. The bulls hope to get at least a retest of the April high after the current pullback. They want […]
Crude Oil 6-bar Bear Micro Channel
Market Overview: Crude Oil Futures The Crude oil futures is still in the bear leg forming a 6-bar bear micro channel on the weekly chart. The bears hope that this week was simply a pullback and want a retest of the May 4 low. The bulls will need to create a follow-through bull bar to […]
Emini Breakout above ioi
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures bulls got a breakout above ioi (inside-outside-inside) pattern this week. They need to create follow-through buying next week breaking far above the February 2 high to increase the odds of higher prices. The bears want a reversal down from a failed breakout above the […]
Nasdaq 100 Breakout Attempt above August 2022
Market Overview: NASDAQ 100 Emini Futures NASDAQ 100 breakout attempt above August 2022 high, and the trading range of past 8 weeks. The question is: Is this a new breakout or a climax bar? Bulls will need a follow-through bar next week to increase the odds this is a breakout. So far the monthly bar […]
DAX 40 All Time High, BO above TTR
Market Overview: DAX 40 Futures DAX futures moved higher last week to a new Dax 40 All Time High. It was a bull breakout (BO), so traders will watch the follow-through buying next week. The bears are looking to short the trading range highs but haven’t had a good sell signal. Some bears got caught […]
FTSE 100 Bull Channel, Failed High 1 Buy
Market Overview: FTSE 100 Futures The FTSE futures market moved sideways in the late stage of a broad FTSE 100 bull channel. It was a failed High 1 buy above a bear micro channel, and the bears should get a little more down. The bulls want to get a second leg after a strong move up […]
Nifty 50 Outside Bar on Weekly
Market Overview: Nifty 50 Futures Nifty 50 outside bar on weekly chart where the market created a bear doji bear this past week. It is currently trading inside a tight bull channel. Measured move of the head and shoulder bottom and the all-time high could be acting like a magnet for the price. The daily […]
Emini Bull Breakout of Triangle
Trading Update: Friday May 19, 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 Bulls Want Breakout Follow-through
Trading Update: Thursday May 18, 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 […]
