Market Overview: FTSE 100 Futures The FTSE futures market moved higher last week with a bull follow-through bar. It is a surprise and should have a second leg – though pullbacks have been deep, and it is the middle of a trading range. Traders should be looking to BLSHS. After such a tight bear channel, the […]
Emini Minor Reversal Down
Trading Update: Friday July 21, 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 Beginning to Stall at 4,600
Trading Update: Thursday July 20, 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 several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each […]
Emini Becoming Climactic Pullback Likely
Trading Update: Wednesday July 19, 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 chart (Al travelling). Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle […]
Emini Becoming Climactic
Trading Update: Tuesday July 18, 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 chart. 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 Bears want to Disappoint Bulls
Trading Update: Monday July 17, 2023 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini intraday market update 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 […]
Emini Loss of Momentum, Small Wedge
Market Overview: S&P 500 Emini Futures The S&P 500 Emini loss of momentum is represented by the overlapping price action in the last 5 weeks. It also formed a small wedge (Jun 16, Jun 30, and Jul 14). The bulls need to create follow-through buying to increase the odds of higher prices. The bears want a reversal […]
Crude Oil Weak Close above 20-Week EMA
Market Overview: Crude Oil Futures The weekly candlestick was a Crude oil weak close above the 20-week EMA (exponential moving average) and the bear trend line. The bulls need to create follow-through buying next week to increase the odds of reaching the April high. The bears want a reversal down from a double top bear flag […]
EURUSD Bull Breakout Above April High
Market Overview: EURUSD Forex The weekly chart was a EURUSD Bull Breakout above the April high. The bulls want a new leg up lasting many weeks like the one which started in November 2022. The bears want a failed breakout above the April high and a reversal from a trend channel line overshoot. EURUSD Forex market The […]
Bitcoin peril failing to close above 50 percent retracement
Market Overview: Bitcoin Futures Bitcoin futures failing to close above 50 percent retracement of the 2022’s bear trend. During the week, the value of a Bitcoin decreased 0.23%. For 3 consecutive weeks, the price tested above the prior week’s high (wedge top within lower time frames). Traders want to see what happens if bears can […]
