Market Overview: EURUSD Forex The weekly candlestick was a EURUSD outside doji, stalling around the December 8 low area. The bulls want a reversal from a double bottom bull flag (Dec 8 and Feb 14). The bears want the 20-week EMA to act as resistance followed by at least a small leg sideways to down […]
Bitcoin Biggest Bull Bars late in Bull Trend above 50k
Market Overview: Bitcoin Bitcoin is trading above the significant psychological level of 50,000 Big Round Number (BRN) for the first time since 2021. Examining the weekly chart, we observe a consistent uptrend in price action, however, as Bitcoin continues its ascent, questions arise regarding the sustainability of this Bull Trend. Will the current bullish momentum […]
DAX 40 Bull Breakout, New High, Close Inside TR
Market Overview: DAX 40 Futures DAX futures moved up last week with a bull outside bar and bull breakout, but the close was inside the prior range. Spike and channel bull trend, so bulls are perhaps buying lower and scaling out at new highs. Although with so little bear pressure, bulls will buy strong bull […]
Nifty 50 Micro Double Top Failure
Market Overview: Nifty 50 Futures Nifty 50 Double Top Failure on the weekly chart. This week, the market concluded with a robust bull close, characterized by a bull bar closing near its high with a tail at the bottom. Despite attempts by bears to trigger a reversal with the formation of a micro double top […]
FTSE 100 Outside Up, Swing Buy or Another Triangle
Market Overview: FTSE 100 Futures FTSE 100 futures moved higher last week after a dip down with an outside up bar closing on its high. Swing bulls are still in their longs and have been buying the 200 MA as support. The top third of a trading range, so we will see next week if […]
Emini Bulls Getting Follow-through after High 1
Trading Update: Friday February 16, 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 […]
Emini Sideways Likely
Trading Update: Thursday February 15, 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 […]
Emini Reached 5,000 and Moving Average Yesterday
Trading Update: Wednesday February 14, 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 […]
Emini Climactic Rally Test of 5,000
Trading Update: Tuesday February 13, 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 […]
Emini Far from Moving Average and 5,000 Round Number
Trading Update: Monday February 12, 2024 End of day video review 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 […]
