Market Overview: EURUSD Forex So far, there is no weekly EURUSD breakout above the triangle pattern. The bulls hope this week was a pullback and want the market to break out above the triangle again. The bears want a reversal from around the top of the triangle pattern and the bear trend line to act […]
Nifty 50 Big Round Number 25000
Market Overview: Nifty 50 Futures Nifty 50 Big Round Number 25000. This week, the market closed bullish with a small body and a short wick at the bottom. Bears attempted but failed to sustain consecutive strong bearish bars, indicating a prevailing bullish trend. Currently, the market shows signs of forming a micro wedge bottom, suggesting […]
FTSE 100 Breakout Mode, Gaps Closed, Above MA
Market Overview: FTSE 100 Futures FTSE 100 futures went sideways last week with a trading range bar in breakout mode. Small body, hovering above the MA, so traders bought support and likely expect us to go sideways to up from here. Bears did what they needed to, which was to close the gaps. But more […]
DAX 40 Bull Reversal Bar at Measured Move Target
Market Overview: DAX 40 Futures DAX futures rose last week with a reversal bar at a measured move target. The bears needed good follow-through under that bar. But you can see a lot of traders scalped the targets below. We might need to come back up to find more sellers. 18000 was support for many […]
Nasdaq 100 Breakout Pullback Below 7-29 Low?
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures week is a doji bull bar with a small body and a long tail below. It is more likely a breakout pullback below 7-29 low as it fell far enough below last week’s low even though it looks like a reversal bar. On the daily […]
Emini Sellers Likely above Yesterday’s High
Trading Update: Friday August 9, 2024 S&P 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 reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell entry bar with […]
Emini Low 1 but Bad Context
Trading Update: Thursday August 8, 2024 End of day video review S&P 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 reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and […]
Emini Sellers above Yesterday’s High
Trading Update: Wednesday August 7, 2024 S&P 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 reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell entry bar with […]
Emini Profit Taking after Test of 5,000 Round Number
Trading Update: Tuesday August 6, 2024 S&P 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 reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell entry bar with […]
Emini Sell Vacuum Test of 5,000
Trading Update: Monday August 5, 2024 End of day video review 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 reasonable stop entry setups from Friday. I show each buy entry bar with a green arrow and […]
