Market Overview: DAX 40 Futures DAX futures moved down with a Dax 40 failed breakout making a new All-time High (ATH) last month. When higher time frames (HTF) signals get triggered, they often pull back first. It is confusing as it was a tight trading range (TTR) to the left and a possible double top […]
DAX 40 Breakout Pullback or Failure above ATH?
Market Overview: DAX 40 Futures DAX futures moved lower last week with a bear bar and a tail below. It is a DAX 40 breakout pullback for the bulls at the All-time High (ATH). The bears see a failed breakout (BO) above. But bears have failed to make money for months so traders should expect […]
Crude Oil Failed Bear BO, Possible Small Second Leg Down
Market Overview: Crude Oil Futures The Crude Oil futures moved lower last week, but it was a failed Bear BO (breakout). Price rebounded strongly and finished with consecutive bull bars by Friday on the daily chart and a bad bear close on the weekly. After breaking a trend line, the bulls are setting up a […]
Emini Bears See Failed Breakout
Trading Update: Wednesday April 19, 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 […]
Crude Oil Failed Breakout
Market Overview: Crude Oil Futures The Crude oil futures looks like a Crude Oil failed breakout after trading far below the triangle and 16-week trading range but reversed higher into the trading range. The bears hope that the market will continue to trade sideways to down in April. The 4 consecutive doji(s) with prominent tails […]
FTSE 100 Failed Breakout or 50% Pullback
Market Overview: FTSE 100 Futures The FTSE futures market moved lower last month with a FTSE 100 failed breakout, a bear doji bar with a big tail. It is a pullback from the bull trend, and there were buyers below the moving averages. Some traders bought the breakout early and needed to scale in to make […]
Crude Oil Failed Bear Breakout
Market Overview: Crude Oil Futures The Crude oil futures traded slightly lower but had no follow-through selling on the weekly chart, a Crude Oil failed bear breakout. The bears hope that the move is simply a breakout test of the 16-week trading range low (breakout point) and wants at least a small second leg sideways […]
Bitcoin Futures Doji Bar
Market Overview: Bitcoin Futures Bitcoin Futures doji bar following bull flag breakout. During February, the price barely increased +0.69 of its value. Bitcoin is attempting to reverse a tight bear channel. So far, Bulls achieved some milestones and hence, limited the downside risks. Bitcoin futures The Monthly chart of Bitcoin futures Analysis Trading The Weekly […]
Emini Breakout below February 10 Likely to Fail
Trading Update: Tuesday February 21, 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 (before Monday bank holiday and early market close). I show each buy […]
Crude Oil Failed Breakout below September Low?
Market Overview: Crude Oil Futures The Crude oil futures was a failed breakout below September low. December traded far below Sept low and the bull trend line but reversed to close above it. The bears failed to get a follow-thorough bear bar. Bulls want a reversal higher from a lower low major trend reversal. Crude oil futures […]
