Market Overview: S&P 500 Emini Futures The market formed an Emini tight bull channel with the bears not being able to create credible selling pressure. If there is a pullback, the bulls want the pullback to be sideways and weak. The bears hope to get at least a deeper pullback from an extended and climactic […]
Crude Oil Strong Bull Leg
Market Overview: Crude Oil Futures The weekly chart formed a Crude Oil strong bull leg in the form of a 5-bar bull microchannel. The bulls want a retest and breakout above the trading range high (April high). The bears want the market to stall around the trading range high area and reverse lower. Crude oil […]
EURUSD Failed Breakout or Pullback?
Market Overview: EURUSD Forex Is the weekly chart forming a EURUSD failed breakout or a pullback? The bulls hope the last two weeks were simply a pullback and want at least a small retest of the prior leg extreme (Jul 18). The bears want a reversal down from a wedge top, a trend channel line overshoot and […]
Bitcoin Intriguing Bear Breakout Attempt of a TTR at 30k
Market Overview: Bitcoin Futures Bitcoin futures Bear Breakout attempt of a TTR (Tight Trading Range). During the week, the value of a Bitcoin decreased by 0.97%. Traders wonder if the tight range during the bull channel, it is the beginning of a transition into a trading range. Monday it is the last trading day of […]
FTSE 100 Big Bull Outside Up Bar, LH or Reversal?
Market Overview: FTSE 100 Futures The FTSE futures market moved higher last month with a bull outside up bar – though I’m writing it with one trading day to go! Pending a collapse on Monday (10% chance?), we are closing at an important level – 7700, which is 10% above the 7000 Big Round Number and […]
DAX 40 Nearly Big Outside Up, Sideways High in Bull Trend
Market Overview: DAX 40 Futures DAX futures moved sideways last month with a nearly outside up bar. I’m writing this with one trading day to go. And that makes it more interesting for next month’s price action. If we go outside up, there is more chance of follow-through buying above this month. If we fail […]
Nasdaq 100 Another Close above Prior Bar Low
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures week is a non-climactic bull bar with small tails. Bears needed this week to close below last week’s low, but this is yet another close above prior bar low. The market triggered the sell signal bar of last week and closed as a High 1 […]
Nifty 50 Inside Bar
Market Overview: Nifty 50 Futures Nifty 50 Inside Bar on the weekly chart. By forming a small bear bar with short tails on either side, the market gave a weak bear close this week. Overall, a second leg up is more likely given that the weekly chart is trading inside of a wide bull channel […]
Emini Bear Surprise 2nd Leg Down Likely
Trading Update: Friday July 28, 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 Outside Bar Sellers Likely Above
Trading Update: Thursday July 27, 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 […]
