Trading Update: Monday July 15, 2024 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Friday’s Emini setups Al created the SP500 Emini charts. Here are reasonable stop entry setups from Friday. I show each buy entry bar with a green arrow and each sell entry bar with […]
Weekly Emini Embedded Wedge
Market Overview: S&P 500 Emini Futures The market formed a weekly Emini embedded wedge in the third leg up (May 23, Jun 28, and Jul 12). The bulls hope that the rally will lead to months of sideways to up trading (broad bull channel). The bears want a reversal from a higher high major trend reversal, a wedge pattern […]
Weekly Crude Oil Bull Leg
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil bull leg in the form of a 5-bar bull micro channel. The bulls want a retest of the July 5 high and hope to get a strong breakout above the triangle pattern. The bears want a reversal from a lower high major trend […]
Weekly EURUSD Follow-through buying
Market Overview: EURUSD Forex The market formed a weekly EURUSD follow-through buying trading above the 20-week EMA. The bulls need to create a breakout above the June high and the triangle with follow-through buying to increase the odds of a retest of the trading range high (Dec 28). The bears want a reversal from a […]
Bitcoin likely always in short and towards $50000
Market Overview: Bitcoin Bitcoin‘s price action presents an interesting landscape, where some traders perceive a potential long-term top on the weekly chart and favor an “always in short” strategy in the near term. A retest of the $50,000 support level is still more likely before another challenge to the $70,000 double top. This dynamic environment […]
FTSE 100 Trend Resumption Likely After Bears Failed, TTR
Market Overview: FTSE 100 Futures FTSE 100 futures went higher last week, setting up a possible High 2 and trend resumption. Bears needed to do more below bear bars, and the tails showed eager bulls. They could still attempt the second leg down, but the traders equation is not very good, better to be long […]
DAX 40 Consecutive Bull Bars, Heading to 19000
Market Overview: DAX 40 Futures DAX futures went higher last week, with bull bars above the MA again in a bull channel. After a miss earlier, it looks like 19000 is the target again. Bears needed to do more below the MA but failed. Sideways to up is more likely in a channelling style. DAX […]
Nasdaq 100 Bad Follow-Through to Big Bull Body of 7-1
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures week is a doji bear reversal bar. It is a bad follow-through to big bull body of 7-1. On the daily chart, there was more follow-through the first half of the week to the good bull bars of last week, followed by a big bear […]
Nifty 50 Bull Micro Channel
Market Overview: Nifty 50 Futures Nifty 50 Bull Micro Channel on the weekly chart. This week, the market formed a bull bar with a small body and short wicks on either side. The market is currently trading inside a 3-bar bull micro channel, with the nearest target being the measured move of the bull channel […]
Emini Climactic Reversal at 5,700
Trading Update: Friday July 12, 2024 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Yesterday’s Emini setups Al created the SP500 Emini charts. Here are reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell entry bar with […]
