Market Overview: S&P 500 Emini Futures The monthly chart formed an Emini pullback within a broad bull channel testing the 20-month exponential moving average and the bull trend line. The bulls see the market as still being in a broad bull channel and want a reversal to retest the July 27 high. The bears got […]
Nifty 50 Bull Follow-Through Bar
Market Overview: Nifty 50 Futures Nifty 50 Bull Follow-Through Bar on the weekly chart. After the formation of the strong outside bar, the market gave a reasonably strong close this week to carry on the upward trend. On the weekly chart, the Nifty 50 is trading inside a big bull channel. On the daily chart, […]
Nifty 50 Broad Bull Channel
Market Overview: Nifty 50 Futures Nifty 50 Broad Bull Channel on the weekly chart. Following the large outside bar, the market this week produced a weak bull close with a long tail on the top. A few bears may sell because the market is trading near the top of a potential wedge top. On the daily […]
Nifty 50 Broad Bull Channel
Market Overview: Nifty 50 Futures Nifty 50 Broad Bull Channel on the weekly chart. This week, the market gave a strong bearish close and is currently trading inside a strong, tight bull channel. The bulls tried to break above the all-time high and give a strong close this week, but they were unsuccessful. The bears are […]
FTSE 100 Bull Channel, Failed High 1 Buy
Market Overview: FTSE 100 Futures The FTSE futures market moved sideways in the late stage of a broad FTSE 100 bull channel. It was a failed High 1 buy above a bear micro channel, and the bears should get a little more down. The bulls want to get a second leg after a strong move up […]
Nifty 50 Futures Outside Bar
Market Overview: Nifty 50 Futures Nifty 50 futures outside bar on the weekly chart and continuing to go up, now the market is near its all-time high (just a few points away from breaking the level). Bulls expect a breakout above the all-time high level and bears would prefer to do nothing until they see […]
