Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures bears got a weak second breakout attempt below the June low, however, the weekly candlestick had a long tail below. The first 2 legs of the wedge had at least 3 candlesticks. Unless there is a surprisingly big reversal up, the bears expect this leg to […]
Crude Oil No Bull Follow-through, 50% PB
Market Overview: Crude Oil Futures Crude oil no bull follow-through after last week’s surprise big bull bar. Bulls see this simply as a 50% pullback following last week’s climactic rally and want at least a small second leg sideways to up. Bears want a retest of Sept low. If next week closes as a bear follow-through […]
EURUSD Weak Follow-through Selling in Small Trading Range
Market Overview: EURUSD Forex EURUSD weak follow-through selling this week. Bears hope that this is simply a pullback and want at least another small leg down testing the Sept low. Bulls hope this is a higher low and wants a second leg sideways to up. The EURUSD is forming a small trading range around 0.95 […]
Bitcoin Reversal from New Low
Market Overview: Bitcoin Futures Bitcoin reversal from new low this week. It remains slightly below crucial resistances after reaching new fresh lows of the major bear trend, by trading sideways to down. Bitcoin futures The Weekly chart of Bitcoin futures This week’s Bitcoin candlestick is a small bear doji, closing near its midpoint. During the […]
FTSE 100 Bear Channel Closing below Big Round Number
Market Overview: FTSE 100 Futures The FTSE futures market moved sideways to down last week in a FTSE 100 bear channel with another bear bar. Limit bulls bought below the outside bar and the strong reversal on Friday will scare some bears off selling too low again. We are always in short so high probability we […]
DAX 40 Breakout Mode, Bull Inside Bar
Market Overview: DAX 40 Futures DAX futures moved sideways last week with a weekly bull inside bar. It’s a micro double top and bottom, DAX 40 breakout mode so next week is important. Probability favors the bear move down, but the math favors the bulls for a swing up to the moving average. We are […]
Nasdaq 100 Bear Breakout Attempt below June Low
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures market is attempting a Nasdaq 100 bear breakout below the June low. It fell far below the prior June low this week and closed far below it as well, although with a tail below. Last week’s bar was a doji with a big tail above. […]
Nifty 50 Futures Inside Bar
Market Overview: Nifty 50 Futures Nifty 50 futures inside bar on the weekly chart after a bear breakout below a higher high double top neckline. Bears would be exiting now and bulls would be buying, so traders would be expecting one leg up. Nifty 50 on the daily chart is forming a breakout triangle (a […]
Emini Bulls Follow-through Needed Today
Trading Update: Friday October 14, 2022 Emini pre-open market analysis Emini daily chart Yesterday was a very good day for the bulls, with follow-through needed today, which might be the year’s low. While the odds favor a second leg up yesterday’s bull breakout, the bar is so climactic that the market may have to pull […]
Emini Bears Downside Breakout Overnight
Trading Update: Thursday October 13, 2022 Emini pre-open market analysis Emini daily chart Emini bears downside breakout overnight, and bears now have a 6-bar bear micro channel. The market is beginning to collect bear bars closing below midpoints under the June 17 low. The bulls keep trying to reverse the market up but failing. This […]
