Market Overview: DAX 40 Futures DAX futures was a bear bar last week, a DAX 40 pause at a measured move target. The bulls know the channel is tight and expect another leg up, and they will probably get it. We are also at the underside of the prior trading range breakout, so we are […]
Nifty 50 Triangle Fakeout
Market Overview: Nifty 50 Futures Nifty 50 triangle fakeout on the weekly chart. Last week’s market formed inside bar on the weekly chart which is a triangle pattern on smaller time frame charts. The market is trading near the bottom of the bull channel. Nifty 50 on the daily chart formed a cup & handle […]
Emini Bulls Measuring Gap and Measured Move up Wanted
Trading Update: Wednesday January 11, 2023 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 Brad 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 sell […]
FTSE 100 Measured Move Target, Always in Long
Market Overview: FTSE 100 Futures The FTSE futures market paused last week at a FTSE 100 measured move target, and we are still always in long. Although sideways on the weekly, the daily chart is a small pullback bull trend, nearly parabolic. The higher we get, the more bears will get short, but currently, no stop-entry […]
FTSE 100 Outside Bar at Measured Move Target
Market Overview: FTSE 100 Futures The FTSE futures market reversed up last week at the trading range lows as an FTSE 100 outside bar so it’s in breakout mode. The bulls want a High 2 buy setup low in the trading range for a swing up. But after such strong bear bars, the odds favor a […]
Emini possible measured move up and test of April 18 low
Trading Update: Wednesday June 1, 2022 Emini pre-open market analysis Emini daily chart The three consecutive bull breakout bars are strong enough for a second leg up and possible measured move up that would project to around the April 18 low. Bears hope that the three consecutive bull bars are a 2nd leg trap that […]
Emini measured move target of 4,404 drawing near
Trading Update: Wednesday July 14, 2021 Emini pre-open market analysis Emini daily chart Another day, another new high, and Emini measured move 4,404 closer. Strong rally since since June 18, but yesterday reversed down from a new high. Yesterday is a sell signal bar for a failed new high, but after 3 bull bars closing […]
