The S&P 500 Emini futures reversed higher from a trend channel line overshoot and a wedge bottom. The bears failed to create follow-through selling below May low on the weekly chart. The bulls want a reversal higher from a trend channel line overshoot and a wedge bottom. The bulls will need to create follow-through buying next week to convince traders that a reversal higher may be underway.
Bitcoin second bear leg in trading range
Market Overview: Bitcoin Futures Bitcoin second bear leg in trading range developing within a bear channel, down 70% from the highs and currently testing a major support: the previous Breakout Point, which happens to be the prior all-time high. This week we have seen some bears buying below the biggest bear bar late in a […]
Nifty 50 strong bull close
Market Overview: Nifty 50 Futures Nifty 50 strong bull close on futures weekly chart, near wedge bottom line, and possible failed bear breakout of a cup & handle pattern. On the daily chart, Nifty 50 forming possible final flag, so the least bulls can expect is a trading range on both weekly and daily charts. Nifty […]
DAX 40 double bottom at 13000 big round number
Market Overview: DAX 40 Futures DAX futures was a doji and a double bottom at the 13000 big round number. We are always in short but a pause here at the bottom of a trading range will make bears consider whether they want to swing below. Bulls will start to scale in and a High […]
FTSE bull surprise bar at support
Market Overview: FTSE 100 Futures The FTSE futures market reversed up strongly with a bull surprise bar at support. It was the end of a measured move for the bears and you can see how quickly they exited. We said last week we would end up back at this magnet of a tight trading range, so […]
Bulls want close above 3,800 and strong finish to week
Trading Update: Friday June 24, 2022 Emini pre-open market analysis Emini daily chart The bulls want today to close above 3,800 and have a strong finish to week. Bulls are trying to get a reversal from the bear breakout below the May 20 low. The bulls closed just under 3,800 yesterday. The market will likely […]
Emini may close above 3,800 today or tomorrow
Trading Update: Thursday June 23, 2022 Emini pre-open market analysis Emini daily chart The daily chart is just under 3,800 and the May 20 low. The Emini may close above 3,800 today or tomorrow. The odds favor a test up to the 4,000 price level before the market goes much lower. The bears want any […]
Emini likely bounce and test 4,000 big round number
Trading Update: Wednesday June 22, 2022 Emini pre-open market analysis Emini daily chart Emini likely bounce and test of 4,000 big round number within the next month or two. The odds are the market will reach 3,800, which is the bottom of the May 20 low, sometime this week or next week. The Emini gapped […]
Emini likely to go 100 points higher and reach 3,800
Trading Update: Tuesday June 21, 2022 Emini pre-open market analysis Emini daily chart The odds favor the Emini having a rally of 100 points higher and testing 3,800 over the next couple of days as the bears take partial profits and the bulls buy for scalps. While it is possible the market keeps going down […]
Bitcoin sell vacuum test of major support
Market Overview: Bitcoin Futures Bitcoin sell vacuum test within a Bear Channel, down 70% from all-time highs and currently testing a major support: the previous Breakout Point, which happens to be the previous all-time high. Last week, a Low 2 sell signal bar triggered; so far, this week responded with a Lower Low. However, there […]
