Market Overview: S&P 500 Emini Futures The weekly chart formed an Emini consecutive bear bar, something that has not happened since October 2023. The bulls want to get at least a small retest of the prior trend extreme high (Mar 21), even if it only leads to a lower high. The will bears need to […]
Emini Overlapping Price Action
Market Overview: S&P 500 Emini Futures The weekly chart indicates a loss of momentum since February with the Emini overlapping price action. Traders will see if the bears can create follow-through selling following this week’s bear bar. If a pullback begins, the bulls want it to be sideways and shallow, filled with bull bars, doji(s) […]
Emini 6-Bar Bull Micro Channel
Market Overview: S&P 500 Emini Futures The monthly chart formed an Emini 6-bar bull micro channel which means strong bulls. Odds slightly favor buyers below the first pullback. The bears want a failed breakout above the all-time high and a reversal from a higher high major trend reversal. While a minor pullback can come at […]
Emini Breakout above the ioi Pattern
Market Overview: S&P 500 Emini Futures The weekly chart formed an Emini breakout above the ioi pattern. The bulls need to create follow-through buying to confirm the breakout above. The bears hope that the sideways tight trading range (the ioi pattern) will be the final flag of the rally. S&P500 Emini futures The Weekly S&P […]
Emini ioi Breakout Mode
Market Overview: S&P 500 Emini Futures On the weekly chart, the market has been stalling in the last 3 weeks by trading sideways and forming an Emini ioi breakout mode pattern (inside-outside-inside). The bulls want a breakout above, while the bears want a breakout below the inside bar. The first breakout can fail 50% of […]
Emini Outside Doji
Market Overview: S&P 500 Emini Futures The weekly chart formed an Emini outside doji after making a new high. If a pullback begins, the bulls want it to be sideways and shallow, filled with bull bars, doji(s) and overlapping candlesticks. The bears want a reversal from a higher high major trend reversal and a large […]
Emini Breakout
Market Overview: S&P 500 Emini Futures The monthly chart formed an Emini breakout above the prior all-time high. The bulls will need to create a follow-through bull bar in March to confirm the breakout even if it is just a bull doji. The bears will need a strong sell signal bar or a micro double […]
Emini Embedded Wedge
Market Overview: S&P 500 Emini Futures The weekly chart formed an Emini embedded wedge in the current leg up from January. The bulls want a strong breakout into a new all-time high territory, hoping that it will lead to many months of sideways to up trading. The bears hope to get a TBTL (Ten Bars, […]
Emini Stalled
Market Overview: S&P 500 Emini Futures The Emini stalled around the all-time high by closing as an outside bear doji. The bulls want a strong breakout into a new all-time high territory, hoping that it will lead to many months of sideways to up trading. The bears hope to get a TBTL (Ten Bars, Two […]
Emini Parabolic Wedge
Market Overview: S&P 500 Emini Futures The weekly chart is in a tight bull channel which means strong bull, but it is also forming an Emini parabolic wedge (Nov 22, Dec 28, and Feb 9). The bulls need to continue creating follow-through buying above the all-time high. The bears want a reversal from a double […]