Trading Update: Thursday January 19, 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 First Reversal Down Likely to Fail
Trading Update: Wednesday January 18, 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 Likely Bear Close Today or Tomorrow
Trading Update: Tuesday January 17, 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 Al created the SP500 Emini charts. Here are several reasonable stop entry setups from Friday (before US holiday break). I show each buy entry with a green […]
Bitcoin testing 20-week EMA
Market Overview: Bitcoin Futures Bitcoin futures are testing the 20-week exponential moving average (testing 20-week EMA). During the week, the Bitcoin price increased +15.71% of its value. After 8 weeks of extremely low volatility, traders wonder if this is the start of a large move. Bitcoin futures The Weekly chart of Bitcoin futures Analysis Trading […]
EURUSD Wedge Top but Tight Bull Channel
Market Overview: EURUSD Forex EURUSD wedge top formed but the rally is in a tight bull channel. The bear bars are weak and had no follow-through selling. Bears need to do more to convince traders that a pullback/reversal is imminent. Odds slightly favor EURUSD to trade at least a little higher. EURUSD Forex market The […]
Crude Oil No Follow-through Selling
Market Overview: Crude Oil Futures There was no follow-through selling in the Crude oil futures market. The weekly candlestick was an inside bar closing near its high. Odds slightly favor a breakout above the inside bar. Traders will see if the bulls can create follow-through buying and a breakout above the 8-week trading range. Crude […]
Emini Second Leg Up, Retest December High?
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures bulls got an Emini second leg up and want a retest of the December high. They see the last 6 months as an inverted head and shoulders bottom. Odds slightly favor the Emini to trade at least a little higher. The bulls need to break far […]
Nifty 50 Triangle Fakeout
Market Overview: Nifty 50 Futures Nifty 50 triangle fakeout on the weekly chart. Last week’s market formed inside bar on the weekly chart which is a triangle pattern on smaller time frame charts. The market is trading near the bottom of the bull channel. Nifty 50 on the daily chart formed a cup & handle […]
Nasdaq 100 Back at Weekly EMA
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures market continues to be in a trading range and is back at weekly EMA exponential moving average (EMA). The market was at the bottom of the trading range from November for the past couple of weeks and appears to be making a bull leg of […]
DAX 40 Breakout of Bull Flag
Market Overview: DAX 40 Futures DAX 40 breakout of bull flag with market moving higher last week. Consecutive bull bars closing near their highs. The bulls have needed to break above the wedge bottom and get closer to their swing target above 15000, which they did last week. The bears have been selling from January […]
