The EURUSD Forex broke out below Sept low with strength. The bears want a persistent trend down towards the year 2000 low. If the bears start getting consecutive bear bars closing near the low, the odds of this increase. The bulls will need to create strong consecutive bull bars closing near their highs to create a failed breakout soon.
Bitcoin Downside Risks
Market Overview: Bitcoin Futures Bitcoin futures short-term Bitcoin downside risks after bearish follow through during the week. Bears are controlling the market forces while the price is at an inflection point. Traders love inflection points because it gives them opportunities. If bears do not exit their shorts, the price will likely trade at $14000 within […]
FTSE 100 Trendline Break, Low in Trading Range
Market Overview: FTSE 100 Futures The FTSE futures market moved down strongly with a bear bar closing near its low on the weekly chart. It is a long-term FTSE 100 trendline break and could signal a larger move down in the medium term. Bulls have been buying here for over 12 months and making money so […]
DAX 40 Consecutive Bear Bars and Possible Wedge Bottom
Market Overview: DAX 40 Futures DAX futures moved down again last week with DAX 40 consecutive bear bars and setting up a possible wedge bottom. The bears got a break below the March lows, but we have been going sideways for many weeks, it might form a tighter trading range here. Bears want a follow-through […]
Nifty 50 Futures Breakout Gap Open
Market Overview: Nifty 50 Futures The Nifty 50 on the weekly chart has a breakout gap open, which acts like a magnet. This week gave a bear bar closing near its low, and now we have 2 consecutive bear bars closing near their lows, which increase the chances of at least one more leg down. Nifty […]
Emini Getting Close to June Low
Trading Update: Friday September 23, 2022 Emini pre-open market analysis Emini daily chart The bears are getting very close to June low and may have to get down to it. The bulls had a strong rally up to September 12. However, the bears got a strong reversal down, trapping the bulls. While the bears have […]
Emini bulls want to disappoint bears after yesterday’s bear breakout
Trading Update: Thursday September 22, 2022 Emini pre-open market analysis Emini daily chart The Emini broke below the September 18 low by going outside down yesterday. The bulls will see this breakout as the third leg in a wedge bottom (8/24, 9/6), and they hope today will be a strong reversal bar closing on its […]
Emini FOMC Report Today, Bulls Want Upside Breakout Test of 4,000
Trading Update: Wednesday September 21, 2022 Emini pre-open market analysis Emini daily chart The market is beginning to stall just under the September 6 breakout point and will probably have to bounce with upside breakout test of the 4,000 big round number soon. There is the Emini FOMC report today at 11:00 PT which has […]
Emini Testing Breakout Point of September 6
Trading Update: Tuesday September 20, 2022 Emini pre-open market analysis Emini daily chart Emini market is reversing up and testing breakout point of the September 6 low. This is probably the start of a couple of legs sideways to up. The bears will try and keep the September 6 breakout gap open, however, it will […]
Emini Wedge Bottom Likely Rally Back to 4,000 Soon
Trading Update: Monday September 19, 2022 Emini pre-open market analysis Emini daily chart The market reversed up late Friday, painting a tail on top of the bar. The market will likely have to reach the September 6 breakout point soon and close the open gap with wedge bottom likely rally and test of 4,000. The […]
