Market Overview: DAX 40 Futures DAX futures moved higher last week with a small doji. The bull breakout above expanding triangle is weak, but the small pullback bull trend is strong. We may need to get to the all-time high before bears get a decent sell signal. The bull channel line is far above, so […]
Nifty 50 Channel Breakout
Market Overview: Nifty 50 Futures Nifty 50 channel breakout on the weekly chart. On the weekly chart, the market gave a strong bullish close, continuing the bulls’ attempt to reverse the trend. At the moment, the market is trading close to the 50% pullback of the bear channel, which might act as a level of […]
FTSE 100 Big Bull Micro Channel Testing BO Point from TTR
Market Overview: FTSE 100 Futures The FTSE futures market has been in a big bull micro channel since it hit the 100-week MA. We now have 2 open micro-gaps between the weeks, creating a layer of support at the prior top of the trading range. This supports the bull case for going higher. The bears know […]
Emini Bulls Want 2nd Leg Up after Yesterday’s Breakout
Trading Update: Friday April 14, 2023 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today 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 entry with a […]
Emini Bulls Chance for Strong Breakout above March 22nd
Trading Update: Thursday March 30, 2023 S&P 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 […]
EURUSD Weak Breakout from OO
Market Overview: EURUSD Forex The EURUSD Forex weekly candlestick was a EURUSD weak breakout from an OO (outside-outside) pattern. The bulls will need to create follow-through buying to increase the odds of a retest of the February high. The bears want a failed breakout above the OO pattern and a breakout below instead. They want a reversal […]
Emini Likely 2nd Leg Up and Closure of February 10 Breakout Point Low
Trading Update: Monday March 6, 2023 Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini intraday market update Friday’s Emini setups Al created the SP500 Emini charts. Here are several reasonable stop entry setups from Friday. I show each buy entry with a green rectangle and each sell […]
Emini Bulls need Strong Breakout after Yesterday’s Bear Reversal Bar
Trading Update: Tuesday February 28, 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 […]
FTSE 100 Big Pullback Test of Breakout Point
Market Overview: FTSE 100 Futures The FTSE futures market reversed last week with a big pullback test of the breakout point. It is a bear surprise, but sitting in a tight bull channel will likely form a bull flag. The bears want a follow-through bar to create a top for the next few months. The bulls […]
Bitcoin Breakout Test of 20-week EMA
Market Overview: Bitcoin Futures Bitcoin breakout test of the 20-week EMA after a bull breakout. During the past week, the price decreased -7.28% of its value. Bitcoin futures The Weekly chart of Bitcoin futures Analysis Trading The Daily chart of Bitcoin futures Analysis Trading Market analysis reports archive You can access all weekend reports on the […]