Market Overview: Crude Oil Futures Crude oil bear breakout below the inside bar on weekly chart. The odds slightly favor Crude Oil to trade at least a little lower, possibly testing near the 11-week trading range low. Traders will BLSH (Buy Low, Sell High) until there is a breakout from either direction from the trading […]
Trading Update: Thursday January 19, 2023 Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini intraday market update Yesterday’s Emini setups Al created the SP500 Emini charts. Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each sell […]
Market Overview: Bitcoin Futures Bitcoin futures ii after bear breakout and still trading around a major price level, which is the 2017 close. Traders consider that the current area is a sweet spot for trading. Next week is the monthly bar close; so far, November is a bear bar with a prominent tail on both […]
Trading Update: Thursday October 13, 2022 Emini pre-open market analysis Emini daily chart Emini bears downside breakout overnight, and bears now have a 6-bar bear micro channel. The market is beginning to collect bear bars closing below midpoints under the June 17 low. The bulls keep trying to reverse the market up but failing. This […]
Trading Update: Tuesday July 26, 2022 Emini pre-open market analysis Emini daily chart Emini bears want close below breakout point of June 28, damaging the bull case. The market formed an inside bar yesterday, closing near the open of the bar. Bulls hope that yesterday will lead to a successful pullback (high 1) buy setup […]
The EURUSD Forex broke below the tight trading range and tested the 2017 low. Bears want a strong break below 2017 followed by a measured move based on the height of the 7-year trading range. Bulls hope for a 2 legged sideways to up pullback to begin soon from a parabolic wedge and a trend channel line overshoot.
Market Overview: DAX 40 Futures The DAX futures moved lower last month with follow-through selling below a bear breakout. It’s always in short on the daily chart but bears failed to get consecutive bear bars last week so it looks like we might go sideways. The bulls have support after a long-term trend and we […]