Trading Update: Monday February 13, 2023 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 Tim created the SP500 Emini chart from Al’s provided summary Here are several reasonable stop entry setups from Friday. I show each buy entry with a green […]
Bitcoin Breakout Test of 20-week EMA
Market Overview: Bitcoin Futures Bitcoin breakout test of the 20-week EMA after a bull breakout. During the past week, the price decreased -7.28% of its value. Bitcoin futures The Weekly chart of Bitcoin futures Analysis Trading The Daily chart of Bitcoin futures Analysis Trading Market analysis reports archive You can access all weekend reports on the […]
EURUSD Consecutive Bear Bar
Market Overview: EURUSD Forex EURUSD consecutive bear bar on the weekly chart. It is the start of the pullback. The first targets for the bears are the 20-week exponential moving average and the January 6 low. The bulls want any pullback to be sideways and not deep. They want weak bear bars with long tails […]
Crude Oil 12-Week Trading Range
Market Overview: Crude Oil Futures The Crude oil futures is in a 12-week trading range on the weekly chart. Poor follow-through and reversals are more likely within a trading range. Traders will BLSH (Buy Low, Sell High) until there is a breakout from either direction. Markets have inertia and tend to continue to do what […]
Emini Bear Doji Pullback
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures was a bear doji pullback on the weekly chart. The bulls have an 8-bar bull micro channel which may be broken soon. However, the first breakout below such a strong micro channel often is minor. The bears want a reversal lower from a higher […]
Nifty 50 Bull Inside Bar
Market Overview: Nifty 50 Futures Nifty 50 bull inside bar on the weekly chart, with market forming a small bull bar this week indicating that there would be a trading range in the shorter time frame. The market is currently trading close to the big round number 18000 from the previous few weeks. On the […]
Nasdaq 100 Pause in Bull Micro Channel at Monthly EMA
Market Overview: NASDAQ 100 Emini Futures NASDAQ 100 pause on weekly Nasdaq 100 Emini futures chart at the monthly exponential moving average (EMA) after 4 weeks of bull bars. This week was an opportunity for the bulls to break strongly above the monthly EMA, although given the strong move up for the last two weeks, […]
DAX 40 Bull Micro Channel Possible Wedge Top
Market Overview: DAX 40 Futures DAX futures was a bull micro channel and a possible wedge top. It is a low probability sell signal, taking a chance that it is a wedge and failed breakout above a double top. But most traders expect higher prices, so bulls will scale in lower, knowing it is unlikely […]
FTSE 100 Bear Doji at All-Time High
Market Overview: FTSE 100 Futures The FTSE futures market was a FTSE 100 bear doji at the All-Time High (ATH.) The bulls needed one more bar to confirm the breakout and follow-through but we went sideways instead. We are always in long but might need to go sideways here to find more buyers to go up. […]
Emini Bears Want Test of 4,000
Trading Update: Friday February 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 […]
