Market Overview: Nifty 50 Futures Nifty 50 futures expanding triangle on the weekly chart, the market formed a bear bar after 4 weeks. Bulls expect one more leg up before any reversal, but bulls can book some profits as an expanding triangle top. Nifty 50 on daily chart forming minor wedge top which has a […]
Emini weak pullback from parabolic wedge buy climax
Market Overview: Weekend Market Analysis SP500 Emini weak pullback phase on daily chart following a parabolic wedge buy climax at a trend channel line. Pullback from a parabolic wedge buy climax typically has at least a small 2nd sideways to down leg. The bulls want a test of the trend extreme. The EURUSD Forex is […]
Emini in July extreme buy climax but 1st reversal will be minor
Market Overview: Weekend Market Analysis The SP500 Emini futures is breaking strongly above a 3-month bull channel in an extreme buy climax. The magnets above are the top of the bull channel and measured move targets. Since there have been 11 days without a pullback, there should be a brief pullback next week. The EURUSD […]
Emini futures might gap up to new high on weekly chart, but daily chart bull streak is buy climax
Market Overview: Weekend Market Analysis The S&P500 Emini futures market might gap to a new all-time high on the weekly chart next week. But the streak of 9 consecutive bull bars on the daily chart that ended 2 weeks ago should lead to a pullback to 3200 starting within a couple weeks. Bond futures are […]
