Trading Update: Wednesday September 6, 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 Richard created the SP500 Emini charts (Al travelling). Chart time is ET+12 hours. Here are several reasonable stop entry setups from yesterday. I show each buy […]
Emini Bulls Likely to Become Disappointed
Trading Update: Tuesday September 5, 2023 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Friday’s Emini setups Richard created the SP500 Emini charts (Al travelling). Chart time is ET+12 hours. Here are several reasonable stop entry setups from Friday (before market break). I show each buy entry […]
Emini Breakout Test
Market Overview: S&P 500 Emini Futures The monthly chart formed an Emini breakout test and a minor pullback. The bulls want a retest of the July 27 high followed by a breakout above. The next targets for the bulls are the March 2022 high and the all-time high. The bears want a reversal down from […]
Crude Oil Follow-through Buying
Market Overview: Crude Oil Futures The market formed a Crude Oil follow-through buying on the monthly chart testing the 9-month trading range high. The bulls want a breakout above and a measured move-up. The bears want a failed breakout above the trading range and the beginning of the bear leg. Crude oil futures The Monthly […]
EURUSD Strong Bears
Market Overview: EURUSD Forex The weekly chart is in a tight bear channel which means EURUSD strong bears. Because of the strong move down, odds slightly favor a second leg sideways to down after a pullback. The bulls want a reversal up from a wedge bull flag. They will need to create strong bull bars […]
Bitcoin Bear Signal in August
Market Overview: Bitcoin Futures Bitcoin Bear Signal in August. The value of a Bitcoin decreased by 11.25% during August. There is a bear signal bar on the Monthly Chart, bears want to get to the 2022 low and bulls hope to reverse up and start a second leg up after a tight bear channel. Bitcoin […]
FTSE 100 Wedge Bull Flag at MA, TR
Market Overview: FTSE 100 Futures The FTSE futures market moved lower last month, the third push down, so bulls see a wedge bull flag. We paused at the MA, and we have been going sideways for over a year now. Traders are buying below bars and selling above bars as the market lacks strong momentum. Most […]
DAX 40 Middle of Expanding Triangle, TTR, DT
Market Overview: DAX 40 Futures DAX futures moved lower last month to the middle of an expanding triangle. It is a TTR and BOM, so most traders should wait for more information. The bears were able to get below the low of the prior month but only found buyers. Any bulls that bought in July […]
Nasdaq 100 First Pullback since March 2023
Market Overview: NASDAQ 100 Emini Futures The Nasdaq Emini futures August monthly candlestick is a doji bear bar with a big tail below. This month is the first pullback since March 2023 and the first bear body since February. The week closed as bull trend bar with small tails, closing above last week’s high. NASDAQ 100 […]
Nifty 50 Cup & Handle
Market Overview: Nifty 50 Futures Nifty 50 Cup & Handle on the monthly chart. On the monthly chart, the market showed a bull breakout of the cup and handle pattern in the month of July, but since the market did not produce a strong follow-through bar this month, the likelihood of a failed bull breakout […]
