Trading Update: Thursday August 17, 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 several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each sell entry with a […]
No Emini & EURUSD Report Today
Trading Update: Wednesday August 16, 2023 Sorry, but no written report today — back tomorrow, Thursday Summary of today’s S&P Emini price action Al created the SP500 Emini chart.
Emini Bulls Want Strong Follow-through
Trading Update: Tuesday August 15, 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 several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each sell entry with a […]
Emini Trading Range Likely Soon
Trading Update: Monday August 14, 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 several reasonable stop entry setups from Friday. I show each buy entry with a green rectangle and each sell entry with a […]
EURUSD Wedge Top, PB
Market Overview: EURUSD Forex The bears want a reversal down from a EURUSD Wedge Top and a failed breakout above the April high. They need to continue creating consecutive bear bars, breaking far below the 20-week exponential moving average to increase the odds of a reversal down. The bulls want the 20-week exponential moving average […]
Bitcoin tightening its range below $30000
Market Overview: Bitcoin Futures Bitcoin is tightening its range on the Daily chart. This past week’s candlestick is a bull doji bar, with a close below its midpoint. The value of a Bitcoin increased 1.64% during the past week. Bitcoin futures The Weekly chart of Bitcoin futures Past (Supports & Resistances) “Every market probes up […]
Emini Follow-through Selling
Market Overview: S&P 500 Emini Futures The bears got S&P 500 Emini follow-through selling on the weekly chart. The minor pullback phase has likely begun. A reasonable target for the bears is the 20-week exponential moving average. The bulls want the pullback to be weak and sideways, followed by a retest of the recent extreme […]
Crude Oil 7-Bar Bull Microchannel, Bull Leg
Market Overview: Crude Oil Futures The market formed a Crude Oil 7-bar bull microchannel on the weekly chart. That means strong bulls and increases the odds that the first pullback will be minor. The bears want the market to stall around the 38-week trading range high and for the bear leg to begin. Crude oil […]
FTSE 100 Weak Bear Inside Bar in Middle of TR
Market Overview: FTSE 100 Futures The FTSE futures market moved sideways-to-down last week with a bear inside bar. On the daily, we were up most of the week and dropped back on Friday. Classic trading range price action. Disappointing follow-through is a sign to scalp on these timeframes. That means the day session will have very […]
DAX 40 Still a Tight Trading Range at MA in Bull Trend
Market Overview: DAX 40 Futures DAX futures moved lower last week with follow-through selling in a tight trading range, but it was not able to close below the bar from the week before. So it’s not as bearish as it could be. Bulls have finally got a chance to buy the moving average, and in […]
