Market Overview: EURUSD Forex EURUSD no bull follow-through bar on the weekly chart. Bulls hope that this is simply a pullback and want at least a small second leg sideways to up after a pullback. Bears want a reversal lower from a failed breakout above a wedge bear flag. They will need to create strong […]
Emini Wedge Bear Flag, No Follow-through Buying
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures formed an Emini wedge bear flag on the weekly chart. The bulls did not get follow-through buying. The bulls expect at least a small second leg sideways to up after a pullback. The bears need to create strong consecutive bear bars closing near their lows, similar […]
EURUSD Weak Follow-through Bull Bar
Market Overview: EURUSD Forex The EURUSD Forex bulls got a weak follow-through bull bar following last week’s High 2 buy entry. The prominent tail above this week’s candlestick indicates that the bulls are not yet as strong as they would like to be. The bulls need to do more to convince traders that a larger sideways […]
Crude Oil No Follow-through bear bar
The Crude oil futures traded lower but the bears failed to get a follow-through bear bar and the market closed as a bull doji. The bears hope that this week was simply a pullback and want a second leg sideways to down to re-test the September low. The bulls want a second leg sideways to up re-testing October 7 high. Bulls will likely attempt to trigger the High 2 buy signal by trading above this week’s high.
EURUSD Bulls Failed to Create Follow-through Buying Again
Market Overview: EURUSD Forex The EURUSD Forex weekly candlestick was a bear reversal bar. The EURUSD bulls failed to create follow-through buying again, a recurring theme since 2021. The bears want a retest of the September low and another breakout attempt. The bulls hope that this is simply a retest of the low and want a reversal […]
Crude Oil No Follow-through Selling on Weekly Chart
Market Overview: Crude Oil Futures The Crude oil futures continue to trade lower in a tight bear channel. However, there is a lot of overlapping price action on the weekly chart (crude oil no follow-through) which means the bears are not yet as strong as they could have been. The bears failed to get follow-through selling following […]
Emini bulls disappointed after poor follow-through
Trading Update: Tuesday July 19, 2022 Emini pre-open market analysis Emini daily chart The market had a big outside down bar yesterday following a test of the July 7th bull close. The bulls are disappointed after yesterday’s poor follow-through. Yesterday was a reminder that the market is still in a trading range, and even though […]
EURUSD weak bear follow-through retesting low
The EURUSD Forex re-tested the low and the bears got a weak follow-through bar on the weekly chart. The bears want a breakout below the May low followed by a measured move down based on the height of the 7-year trading range. The bulls want a reversal higher from a double bottom major trend reversal following the trend channel line overshoot and wedge bottom.
Emini weak follow-through buying so far
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 […]
