Market Overview: EURUSD Forex The EURUSD Forex market pullback stalled at the 20-week exponential moving average (EMA) for the last 3 weeks. The bulls want a larger second leg sideways to up to retest February high from a higher low major trend reversal and a double bottom bull flag with January 6 low. The bears […]
Crude Oil Low 4 Sell Signal Triggered
Market Overview: Crude Oil Futures The Crude oil futures triggered the Low 4 sell signal on the weekly chart by trading below last week’s low. The bears will need to create follow-through selling to increase the odds of a retest and breakout below the 16-week trading range. The bulls need to break far above the […]
Emini Big Outside Bear Bar
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures weekly candlestick was a big outside bear bar, reversing down from a lower high major trend reversal. The bears want this to be the start of the bear leg testing the October low. The bulls hope that the current pullback will form a higher […]
Nasdaq 100 First Close below Weekly EMA since February
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures market had a big bear outside down bar this week – it went above the high of last week, reversed at the monthly exponential moving average (EMA) and with first close below weekly EMA since February. The market will likely test lower in the next […]
DAX 40 Tight Trading Range and Possible Final Flag
Market Overview: DAX 40 Futures DAX futures moved lower last week with a bear bar in the middle of the prior week’s strong bull bar. Its alternating bars, a Dax 40 tight trading range and a place of agreement for traders. This will form a magnet when we move away from here. The bulls see […]
FTSE 100 Big Bear Surprise as Bulls Exit, Testing Swing Low
Market Overview: FTSE 100 Futures The FTSE futures market moved lower with a big bear surprise last week as the Always-In bulls gave up and the bears started to short back to the moving average. The bulls see a pullback to move higher, and the bears want a failed breakout above the high of a trading […]
Nifty 50 Cup & Handle
Market Overview: Nifty 50 Futures Nifty 50 cup & handle on the weekly chart, bulls failed to follow through after attempting a double bottom. Now that bears have closed a strong bear bar, some bears may decide to short the cup & handle pattern on the weekly chart. On the daily chart, price action is […]
Emini Bears Want Test of Last Year’s Close
Trading Update: Friday March 10, 2023 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 sell […]
Emini Bad High 1 Buy Setup, Probably Sellers Above
Trading Update: Thursday March 9, 2023 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 sell […]
Emini Trapped Bulls, Second Leg Down Likely
Trading Update: Wednesday March 8, 2023 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 sell […]
