Market Overview: DAX 40 Futures DAX futures hit a new All Time High on Wednesday and then again on Friday. It’s strongly bullish but also at the top of an expanding triangle, so far away stop, traders should consider trading another timeframe where they can manage risk more easily. But until the bears do something, […]
Nasdaq 100 Second Leg up of the Spike up in Nov 2023?
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures week is a bull bar closing near its high with a tail below. The market seems at the start of the second leg up of the spike up in Nov 2023. On the daily chart, the market tested the exponential moving average (EMA) on Monday […]
Emini Moving Average Getting Closer
Trading Update: Friday December 8, 2023 S&P 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 reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each […]
Emini Bears Need Follow-Through Selling
Trading Update: Thursday December 7, 2023 S&P 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 reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each […]
Emini Tight Trading Range at September High
Trading Update: Wednesday December 6, 2023 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 at Resistance
Trading Update: Tuesday December 5, 2023 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 Pullback to High 1 likely
Trading Update: Monday December 4, 2023 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 […]
Emini Strong Reversal
Market Overview: S&P 500 Emini Futures The market formed an Emini strong reversal on the Monthly chart, reversing the majority of the selloff of the prior 3 months. The next targets for the bulls are the July 27 high and the all-time high. The bears see the current rally as a retest of the July […]
Crude Oil Double Top Bear Flag
Market Overview: Crude Oil Futures The market formed a Crude Oil double top bear flag on the Monthly chart. The bears need to create a follow-through bear bar following the close below the 20-month EMA in November. The bulls want the 20-month EMA or the bull trend line to act as support and a reversal […]
EURUSD Bull Flag
Market Overview: EURUSD Forex The market formed a EURUSD bull flag (double bottom bull flag – Jan 6 and Oct 3) on the Monthly chart. The bulls need to create follow-through buying in December to increase the odds of retesting the July high. The bears hope that the current move is simply a deep pullback […]
