Market Overview: Nifty 50 Futures Nifty 50 outside bar on the weekly chart. The weekly chart of the market shows a bearish closing for this week. The bear bar has a short tail at the bottom, which may cause some bears to sell, especially following a powerful bull leg that broke out of the bear […]
Market Overview: DAX 40 Futures DAX 40 Micro Double Bottom on the weekly chart as bulls started to scale in buys at the lows of the previous trading range. It is possibly still always in short after 3 consecutive bear bars, but the math favors bulls if they can get a better buy signal. So […]
Market Overview: Bitcoin Futures Bitcoin micro double bottom and attempt to end the bear trend, as they are trying to consolidate a short-term bottom; still, it is too early to believe that the end of the Major Drawdown is near. Bitcoin futures The Weekly chart of Bitcoin futures On prior reports, we have highlighted the […]
The S&P 500 Emini futures reversed higher from a trend channel line overshoot and a wedge bottom. The bears failed to create follow-through selling below May low on the weekly chart. The bulls want a reversal higher from a trend channel line overshoot and a wedge bottom. The bulls will need to create follow-through buying next week to convince traders that a reversal higher may be underway.
Trading Update: Wednesday April 27, 2022 Emini pre-open market analysis Emini daily chart The Emini bulls want a micro double bottom and bounce today. They will likely get a bull close due to the bears reaching the target of the March 14 low. If today closes near its high, it could set up a credible […]