Trading Update: Tuesday May 16, 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 Richard created the SP500 Emini charts (Al on leave). Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green […]
Emini Traders Likely to Face More Sideways Trading
Trading Update: Monday May 15, 2023 S&P 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 Richard created the SP500 Emini charts (Al on leave). Here are several reasonable stop entry setups from Friday. I show each buy entry with a green […]
Crude Oil 6-Month Trading Range
Market Overview: Crude Oil Futures The Crude oil futures continue to trade sideways forming a 6-month trading range. The bulls want a retest and breakout above April 12 high. If the market trades lower, the bulls want a reversal up from a higher low major trend reversal. The bears want a follow-through bear bar in […]
Emini Oscillating around 4,150 in Tight Trading Range
Trading Update: Monday April 24, 2023 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Friday’s Emini setups Al created the SP500 Emini charts. Here are several reasonable stop entry setups from Friday. I show each buy entry with a green rectangle and each sell entry with a […]
NASDAQ Tight Trading Range
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures market is essentially in a Nasdaq tight trading range for the past 3 weeks. It triggered the High 1 bull reversal bar of last week and ended as a small bear bar with tails above and below. Next week is the last week of the […]
FTSE 100 Closed Bear Breakout Gap in Tight Range
Market Overview: FTSE 100 Futures The FTSE futures market moved higher last week as bulls closed the bear breakout gap. Longer-term bulls bought the 200-week MA and are sitting on big profits. The bear spike down was strong enough, so likely sellers above and near the highs, so we might need to go sideways here. Expect […]
FTSE 100 Big Bull Micro Channel Testing BO Point from TTR
Market Overview: FTSE 100 Futures The FTSE futures market has been in a big bull micro channel since it hit the 100-week MA. We now have 2 open micro-gaps between the weeks, creating a layer of support at the prior top of the trading range. This supports the bull case for going higher. The bears know […]
DAX 40 Outside Up, Back in Tight Trading Range
Market Overview: DAX 40 Futures DAX futures moved higher last month, with a Dax 40 outside up bull bar closing on its highs. It is a strong leg from the bulls, so it is still reasonable to make money buying closes and scaling in lower. But bears know we are in a tight trading range […]
DAX 40 Tight Trading Range and Possible Final Flag
Market Overview: DAX 40 Futures DAX futures moved lower last week with a bear bar in the middle of the prior week’s strong bull bar. Its alternating bars, a Dax 40 tight trading range and a place of agreement for traders. This will form a magnet when we move away from here. The bulls see […]
DAX 40 Tight Bull Channel, Back in Tight Trading Range
Market Overview: DAX 40 Futures DAX futures moved higher last month in tight bull channel but back in tight trading range with large tail above on monthly chart. Bears are looking to sell high in the prior range, betting we will not break far above the All-time High. Bulls are in a tight channel and […]
