Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures bulls got an Emini second leg up and want a retest of the December high. They see the last 6 months as an inverted head and shoulders bottom. Odds slightly favor the Emini to trade at least a little higher. The bulls need to break far […]
Emini Bears Second Leg Trap Follow-through Wanted
Trading Update: Tuesday January 10, 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 (Delayed: Chart will be posted Mid-Afternoon on Jan 11th) Brad created the SP500 Emini charts. Here are several reasonable stop entry setups from yesterday. I show each […]
Emini Pullback or Second Leg Up?
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures traded slightly higher and traders are wondering if this is a pullback or second leg up to retest the December high. The bulls will need to create follow-through buying next week to increase the odds of retesting the December high. The bears want the Emini to […]
Bears Want Second Leg Down after 5-bar Bear Micro Channel
Trading Update: Thursday December 29, 2022 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 […]
Emini Likely Small Second Leg Up
Trading Update: Thursday December 22, 2022 Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today 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 sell entry with a red […]
Emini Bears Want Second Leg Down
Trading Update: Thursday December 15, 2022 Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today 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 sell entry with a red […]
Emini Bears Want Start of Second Leg Down
Trading Update: Wednesday November 9, 2022 Emini pre-open market analysis Emini daily chart The bulls have four-bar bull micro channel, but only one bar is a bull trend bar, and the rest are doji bars. While the bulls might get a small second leg up, the odds still favor the bears getting start of second […]
Emini Bears Second Leg Down wanted after November 2 Breakout
Trading Update: Monday November 7, 2022 Emini pre-open market analysis Emini daily chart Emini bears got a surprise breakout on November 2, and bears second leg down wanted, possibly testing down to the October 21 low. The bulls want to trap the bears, rally above the November 1 high, and test the 4,000 big round […]
Crude Oil Second Leg Sideways to Up
Market Overview: Crude Oil Futures The Crude oil futures is forming a crude oil second leg sideways to up from a higher low major trend reversal (Oct 18) on the weekly chart. It is the second leg up re-testing October 10 high. Bulls want a follow-through bull bar after breaking above the 20-week exponential moving […]
Nasdaq 100 Second Leg of Pullback
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures market resumed the second leg of pullback by going above last week’s high and closing below last week’s low – an outside down bar. As was mentioned in last week’s report, sellers were expected above last week’s high, and they came in at the weekly […]
