Market Overview: S&P 500 Emini Futures The market formed a weekly Emini lower high major trend reversal this week. The bears need to create a follow-through bear bar to increase the odds of lower prices. The bulls want the 20-week EMA, the October/November lows, or the bull trend line to act as support. S&P500 Emini […]

Market Overview: S&P 500 Emini Futures The market formed a monthly Emini bear bar in December. The bears must create consecutive bear bars (something they haven’t been able to do since Oct 2023) to show they are back in control. The bulls They want the pullback to have poor follow-through selling. S&P500 Emini futures The […]

Market Overview: S&P 500 Emini Futures The market is forming a weekly Emini trading range. The bears see this week simply as a pullback and want at least a small second leg sideways to down. The bulls see the current move simply as a pullback and want the market to resume higher from a double […]

Market Overview: S&P 500 Emini Futures The market formed an Emini pullback to the 20-week EMA on the weekly chart. The bulls see this week simply as a pullback and want the market to resume higher from a double bottom bull flag (Nov 4 and Dec 20). The bears hope to get a TBTL (Ten […]

Market Overview: S&P 500 Emini Futures The Emini bears need strong follow-through selling to convince traders that they are back in control. They hope to get a TBTL (Ten Bars, Two Legs) pullback lasting at least a few weeks. The bulls see this week simply as a pullback and want the market to resume higher. […]

Market Overview: S&P 500 Emini Futures The Emini continue trading sideways to up with no credible selling pressure. The bulls see the market as being in a broad bull channel and want the market to continue sideways to up for many months. If there is a pullback, they want the 20-week EMA or the bull […]

Market Overview: S&P 500 Emini Futures The market formed a big monthly Emini candlestick closing near its high in November. The bulls want the market to continue in a broad bull channel for months. The bears see October as a possible 1 bar final flag of the move and the big bull bar in November […]

Market Overview: S&P 500 Emini Futures There was no Emini follow-through selling on the weekly chart this week. The bears are not yet as strong as they hoped to be. They see this week as a retest of the prior trend extreme high (Nov 11) and want a reversal from a lower high major trend […]

Market Overview: S&P 500 Emini Futures The bears want an Emini failed breakout following a possible buy climax (big bull bar late in a trend). They need to create a couple of consecutive bear bars closing near their lows to increase the odds of a failed breakout and a TBTL (ten bars, two legs) pullback […]

Market Overview: S&P 500 Emini Futures The market formed a weekly Emini big bull bar closing near its high. The bulls need to create follow-through buying following this week’s strong breakout to increase the odds of testing the trend channel line. The bears see this week’s big bull bar as part of a developing buy […]