Market Overview: FTSE 100 Futures The FTSE futures market moved prices higher, setting up a High 2 with 5 days of trending lows. The bears failed to get follow-through selling at the MA, so we might need to move higher. The bull bars are not strong, and we have a bear trend line above, which should […]
Trading Update: Friday June 9, 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 […]
Market Overview: Nifty 50 Futures Nifty 50 micro double top on the weekly chart, but since the market formed a bull bar this week, few bears would be shorting below the bar 1 (shown on the weekly chart below). However, given that the market is still moving inside of a bear channel, some bears might […]
Market Overview: Crude Oil Futures The Crude oil futures triggered the High 2 buy signal from a higher low major trend reversal (Oct 18). Bulls need a strong follow-through bar trading far above the 20-week exponential moving average and the bear trend line to increase the odds of higher prices. Bears hope that this is […]
The S&P 500 Emini futures triggered the H2 buy signal on the weekly chart. The bulls need to create a follow-through bull bar to increase the odds of higher prices. Bears want a reversal lower from a double top bear flag with Oct 5 high or around the bear trend line. The Emini is forming a small trading range around the June low between 3500 and 3800. Traders will BLSH (Buy Low, Sell High) until there is a breakout from either direction.
The EURUSD Forex bulls triggered the H2 buy signal on the weekly chart. Next week, the bulls need to create a follow-through bull bar to increase the odds of higher prices. Bears hope that the current pullback is simply forming a double top bear flag with October 4 high. The bear trend line and 20-week exponential moving average are resistances above.
Market Overview: FTSE 100 Futures The FTSE futures market went sideways last week with a FTSE High 2 possible at the 20-Week Moving Average (MA.) We said last week a fifth bear bar on the weekly was unusual and traders expected a pullback. The bulls see a pullback from a tight channel up to the range […]
Trading Update: Friday April 8, 2022 Emini pre-open market analysis Emini daily chart The market went outside yesterday. The bulls are trying for High 2 bull flag on April 6. However, the signal bar is weak. The bulls want this current bull flag to lead to an upside breakout of the February high and the […]
Market Overview: Weekend Market Analysis The SP500 Emini futures triggered the high 2 buy signal this week on the weekly chart, but weak follow-through buying so far. Traders are looking to see if the bulls can create another leg higher. If the Emini stalls at the February 2 lower high, odds are sellers will return […]