Market Overview: Nifty 50 Futures Nifty 50 consecutive Doji bars on the weekly chart imply the possible formation of a small trading range rather than a resumption up in the bull channel. Nifty 50 formed a bear flag on the daily chart and the current market is trading inside a triangle (which implies that there […]
Nifty 50 Inside Bar Pattern
Market Overview: Nifty 50 Futures Nifty 50 inside bar pattern on the weekly chart and still trading near the bottom of the bull channel. Bulls and bears can expect some sideways price action for the next few bars. Nifty 50 is trading inside a bear channel on the weekly chart and can fall to a […]
Nifty 50 Bad Follow-through
Market Overview: Nifty 50 Futures Nifty 50 bad follow-through after a breakout attempt of the all-time high level. Market on the monthly chart is currently in a trading range phase as many tails up and down are seen in the last few bars, so traders can expect a few more bars of sideways price action. […]
Nifty 50 Futures Bull Channel
Market Overview: Nifty 50 Futures Nifty 50 futures bull channel formed on the weekly chart with also a bear breakout of the inside bar. Nifty 50 is still in a strong bull channel so bears would avoid taking swing shorts and bulls would look to buy pullbacks. Nifty 50 formed cup & handle patterns on […]
Emini testing bull channel top
Trading Update: Monday August 15, 2022 Emini pre-open market analysis Emini daily chart Emini testing bull channel top, with strong close last week. Bulls are trying their best to reach 4,300 and top of bull channel from the January high and the March 29 high. The rally is becoming exhaustive, increasing the odds of a […]
Nifty 50 futures nested channel
Market Overview: Nifty 50 Futures The Nifty 50 on weekly chart gave a bear doji bar which is also an inside bar. Weekly chart forming a broad bear channel and a Nifty 50 futures nested channel, near to top of channel so bears would be looking to short. Nifty 50 on daily chart is in a broad […]
FTSE 100 futures market traded higher
Market Overview: FTSE 100 Futures The FTSE futures market traded higher in a tight bull channel to a possible wedge top at the top of a trading range. The channel is tight enough to expect higher prices next week and any reversal to be minor. The bears will continue to sell new highs and scale in, […]
Emini bulls breaking above 4,600 and February high
Trading Update: Tuesday March 29, 2022 Emini pre-open market analysis Emini daily chart Emini bulls breaking above 4,600 with the Emini reaching the February high today and 4,600 round number during the Globex session So far, the bulls have a strong breakout since the March 14 low. The bulls are hopeful that this rally is […]
Emini tight bull channel testing February 9 high
Trading Update: Monday March 28, 2022 Emini pre-open market analysis Emini daily chart Emini tight bull channel on daily chart and near the February 9 high and 4,600. Both of these are magnets, and the market is probably close enough it will have to get there. The bulls are hopeful that this rally will continue […]
Emini bulls want to test bull channel top at 4775
Trading Update: Friday November 19, 2021 Emini pre-open market analysis Emini daily chart Yesterday was an outside up day, which is bullish. Emini bulls want to test bull channel top on weekly chart at 4775. It barely closed back above the 4700 Big Round Number and just below the all-time high, which is disappointing for […]
