Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures market is in a trading range with bull leg pausing at the weekly exponential moving average (EMA). The question is how high will the bull leg be? The January monthly bar so far is a good bull reversal bar. A couple of problems for bulls: […]
Nifty 50 Consecutive Doji Bars
Market Overview: Nifty 50 Futures Nifty 50 consecutive Doji bars on the weekly chart imply the possible formation of a small trading range rather than a resumption up in the bull channel. Nifty 50 formed a bear flag on the daily chart and the current market is trading inside a triangle (which implies that there […]
Emini Second Leg Down Likely after January 18 Surprise Breakout
Trading Update: Friday January 20, 2023 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 sell […]
Emini Surprise Bear Breakout, Second Leg Down Likely
Trading Update: Thursday January 19, 2023 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 sell […]
Emini First Reversal Down Likely to Fail
Trading Update: Wednesday January 18, 2023 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 sell […]
Emini Likely Bear Close Today or Tomorrow
Trading Update: Tuesday January 17, 2023 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 (before US holiday break). I show each buy entry with a green […]
Emini Second Leg Up, Retest December High?
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures bulls got an Emini second leg up and want a retest of the December high. They see the last 6 months as an inverted head and shoulders bottom. Odds slightly favor the Emini to trade at least a little higher. The bulls need to break far […]
Crude Oil No Follow-through Selling
Market Overview: Crude Oil Futures There was no follow-through selling in the Crude oil futures market. The weekly candlestick was an inside bar closing near its high. Odds slightly favor a breakout above the inside bar. Traders will see if the bulls can create follow-through buying and a breakout above the 8-week trading range. Crude […]
EURUSD Wedge Top but Tight Bull Channel
Market Overview: EURUSD Forex EURUSD wedge top formed but the rally is in a tight bull channel. The bear bars are weak and had no follow-through selling. Bears need to do more to convince traders that a pullback/reversal is imminent. Odds slightly favor EURUSD to trade at least a little higher. EURUSD Forex market The […]
Bitcoin testing 20-week EMA
Market Overview: Bitcoin Futures Bitcoin futures are testing the 20-week exponential moving average (testing 20-week EMA). During the week, the Bitcoin price increased +15.71% of its value. After 8 weeks of extremely low volatility, traders wonder if this is the start of a large move. Bitcoin futures The Weekly chart of Bitcoin futures Analysis Trading […]
