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 […]

Market Overview: S&P 500 Emini Futures The market formed a monthly Emini reversal bar in October. The bears want a reversal from a wedge (Mar 21, Jul 16 and Oct 17) and an embedded wedge (Mar 21, Jul 16 and Oct 17). To increase the odds of a deeper pullback, they must create a strong […]

Market Overview: S&P 500 Emini Futures The market formed a weekly Emini pullback, closing as a bear bar with a prominent tail below. The bears need to create a follow-through bear bar next week to increase the odds of a deeper pullback. The bulls see another possible embedded wedge forming (the first two legs are […]

Market Overview: S&P 500 Emini Futures The market is forming a weekly Emini sideways to up, closing in new high territory. The bears want a reversal from a higher high major trend reversal. The problem with the bear’s case is that they haven’t been able to create strong bear bars with follow-through selling. Until they […]