Market Overview: Crude Oil Futures The weekly chart formed a Crude Oil pullback, closing as a bear doji following last week’s breakout above the bull channel. The bears want a failed breakout above the bull channel and a reversal from a wedge pattern. If the market trades lower (pullback), the bulls want the 20-week EMA […]
EURUSD Breakout Below
Market Overview: EURUSD Forex The weekly chart formed a EURUSD breakout below the triangle pattern and the small trading range. The bears need to create follow-through selling next week to increase the odds of a retest of the larger trading range low (October low). The bulls want a reversal from a higher low major trend […]
Bitcoin downside risk after failed High 2
Market Overview: Bitcoin Bitcoin extended sideways action, following a climactic surge, has left both bulls and bears on edge. The weekly chart hints at a potential change in momentum after a bullish run. Meanwhile, the daily chart reveals a tense standoff, with bears gaining an early advantage by creating a Major Trend Reversal setup. Could […]
FTSE 100 Sideways After Bull Spike, High in Trading Range
Market Overview: FTSE 100 Futures FTSE 100 futures went sideways to up last week high up in a long-term trading range. We were in breakout mode for a long time and then got a strong bull breakout so we should get another leg up at least. Bears want to fade the highs of the trading […]
DAX 40 Consecutive Bear Bars, After Bull Microchannel
Market Overview: DAX 40 Futures DAX futures pulled back again last week after consecutive bars in an overdone bull spike. We raced past 18000 and now came back to visit. Bears will likely get a second leg sideways to down but it has been quite lonely to sell in this environment for bears so better […]
Nasdaq 100 3 Consecutive Bear Bars Since September 2023
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures week is a bear doji inside bar. The market continues to be sideways since 2-26, although bears did manage 3 consecutive bear bars since September 2023. On the daily chart, the market oscillated around the exponential moving average (EMA). As was mentioned last week, it […]
Nifty 50 Breakout Failed
Market Overview: Nifty 50 Futures Nifty 50 Breakout Failed on the weekly chart. This week, the market showed a small bear doji bar with a short tail at the top, still trading within the bull channel. Last week, there was a micro double top formation in the market. Although the bulls managed to break above […]
Emini Finding Support at April 4th Low
Trading Update: Friday April 12, 2024 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 reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell entry bar with […]
Emini Buyers below April 4th Low
End of day video review Trading Update: Thursday April 11, 2024 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 reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and […]
Emini Bears Want Second Leg Down
Trading Update: Wednesday April 10, 2024 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 reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell entry bar with […]