Market Overview: Bitcoin Futures Bitcoin futures traded down during November, with Bitcoin testing major breakout point. Current prices are attractive for traders because of the importance of the price levels that are around. Bitcoin futures The logarithmic Monthly chart of Bitcoin futures The Weekly chart of Bitcoin futures Market analysis reports archive You can access […]
Emini Consecutive Bull Bar after Wedge Bull Flag
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures November candlestick was an Emini consecutive bull bar following a wedge bull flag. The bulls will need to create another follow-through bull bar breaking far above the major bear trend line to increase the odds of higher prices. The bears hope that the current […]
Crude Oil Outside Bear Bar, Lower Low Major Trend Reversal on Monthly
Market Overview: Crude Oil Futures The Crude Oil futures November candlestick was a Crude Oil outside bear bar with tails above and below. Bulls want a reversal higher from a lower low major trend reversal. The bears want a strong breakout below the 20-month exponential moving average and the major bull trend line with follow-through selling. Crude […]
EURUSD Strong Bull Breakout above Inside Bar
Market Overview: EURUSD Forex The EURUSD Forex November candlestick was a EURUSD strong bull breakout above an inside bar. It closed back above the 7-year trading range low. The bulls need to break far above the major bear trend line and 20-month exponential moving average to convince traders that a reversal higher is underway. The […]
DAX 40 Bull Flag Breakout or Good 50% Retracement
Market Overview: DAX 40 Futures DAX futures was a big bull bar closing near its high. It is consecutive monthly bull bars, a DAX 40 bull flag breakout and a High 3 buy, but we are right in the middle of the trading range, forcing traders to make tough decisions. The bulls see the pullback […]
Nasdaq 100 First Pair of Monthly Bull Bars in 2022
Market Overview: NASDAQ 100 Emini Futures The November monthly NASDAQ Emini futures candlestick is a bull bar closing on its high although with a big tail below. This is also the first pair of monthly bull bars in 2022. It’s as good an entry bar as bulls could hope for after the big bear week […]
Nifty 50 Futures Breakout
Market Overview: Nifty 50 Futures Nifty 50 on the monthly chart gave a Nifty 50 futures breakout of the all-time high level with strong consecutive bull bars confirming that bulls are in control. The market is trading above an all-time high after a year-long consolidation period, and bulls are positive on the current situation and […]
FTSE 100 Buy Climax at Trading Range Highs
Market Overview: FTSE 100 Futures The FTSE futures market was a possible FTSE 100 buy climax at the trading range highs. We have gone sideways at this price for several years, so we are unlikely to go much higher without coming back down. Traders will be doing the opposite – selling good bull bars and buying […]
Emini More Disappointment Likely for Bulls
Trading Update: Friday December 2, 2022 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 red […]
Emini Getting Drawn up to September 12 Low
Trading Update: Thursday December 1, 2022 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 red […]
