Market Overview: S&P 500 Emini Futures The S&P 500 Emini loss of momentum is represented by the overlapping price action in the last 5 weeks. It also formed a small wedge (Jun 16, Jun 30, and Jul 14). The bulls need to create follow-through buying to increase the odds of higher prices. The bears want a reversal […]
Emini ioi pattern and No Follow-through Bull Bar
Market Overview: S&P 500 Emini Futures The weekly chart was an Emini ioi pattern (inside-outside-inside), which is a breakout mode pattern. The bulls did not get a follow-through bull bar following last week’s breakout above the August high. They want the market to trade above this week’s high to trigger the High 2 buy signal. However, a […]
Emini Big Bull Bar Closing above August High
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures monthly candlestick was a big bull bar closing above August high. The bulls need to create a follow-through bull bar in July to confirm the breakout. The bears want a failed breakout above the August high and a reversal down from a double top […]
Emini Minor Pullback
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures formed a minor pullback on the weekly chart following the trend channel line overshoot. The bulls want at least a small second leg sideways to up retesting the current leg extreme (June 16) after the current pullback. The bears want a failed breakout above […]
Emini TCL Overshoot (Trend Channel Line)
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures traded higher and formed a TCL Overshoot (trend channel line). The bulls want a strong breakout above the August high and a measured move up to around the March 2022 high area. The bears want a failed breakout above the August high and at least a […]
Emini Buying Follow-Through
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures weekly candlestick was a bull doji therefore the bulls got buying follow-through following last week’s breakout above the February 2 high. The bull’s next target is the August high. The bears want a failed breakout above the February 2 high and a reversal down […]
Emini Breakout above February 2 High
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures breakout above the February 2 high this week. The bulls will need to create follow-through buying next week to increase the odds of higher prices. The bears want a failed breakout above the February 2 high. If the Emini trades higher, they want a […]
Emini Follow Through after ioi
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures follow through after ioi (inside-outside-inside) breakout pattern last week. However, the bulls have not yet been able to break above the February 2 high. Buying at the top of a trading range (before a confirmed breakout with follow-through buying) is not an ideal setup. […]
Emini Breakout above ioi
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures bulls got a breakout above ioi (inside-outside-inside) pattern this week. They need to create follow-through buying next week breaking far above the February 2 high to increase the odds of higher prices. The bears want a reversal down from a failed breakout above the […]
Emini ioi Pattern (inside-outside-inside)
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures formed an an Emini ioi pattern (inside-outside-inside) on the weekly chart which means the market is in a breakout mode. However, the market is also in a 6-week tight trading range and the Emini is currently trading around the middle of it which is […]