Market Overview: S&P 500 Emini Futures The market is forming a monthly Emini pullback following an extended rally. The bulls want the current pullback to be sideways and shallow. The bears need to create a strong bear bar in August with follow-through selling in September to increase the odds of retesting the 20-month EMA. S&P500 […]
Monthly Crude Oil Lower High
Market Overview: Crude Oil Futures The market formed a monthly Crude Oil lower high in July. The bears want a reversal from a lower high major trend reversal, a wedge bear flag (Sep 28, Apr 12, and Jul 5), and a double top bear flag (Apr 12 and Jul 5). The bulls hope that the current sideways-to-down […]
Monthly EURUSD Tight Trading Range
Market Overview: EURUSD Forex The market formed a monthly EURUSD tight trading range with candlesticks that are overlapping with alternating bull and bear bodies. The bulls hope to get another leg up breaking above the triangle to retest the December 28 high. The bears hope that the 20-month EMA and the bear trend line will act as […]
Bitcoin no puede con los $70000: Ni alcistas ni bajistas, contentos
Visión del mercado Durante el mes de julio, Bitcoin experimentó una volatilidad considerable, pero no logró ofrecer resultados claros ni para los alcistas ni para los bajistas. La repetida resistencia a superar el nivel de $70,000 sugiere que es probable que el mercado se mueva de forma lateral o hacia abajo en los próximos meses. […]
FTSE 100 Microchannel, Open Breakout Gap, Outside Bar
Market Overview: FTSE 100 Futures FTSE 100 futures went higher last month above the prior inside bar, breaking a bull microchannel. Traders expect more, but that can mean a pullback first to 50% or closing the breakout gap below. It is too high to buy up here, but traders might buy the new high with […]
DAX 40 Weak Buy Signal, Far From MA, TTR
Market Overview: DAX 40 Futures DAX futures went sideways last month with a weak buy signal and a small bull doji. It’s too high to buy above those bars, but some bulls will buy a new high. Stop is far away. DAX seems to pull back sharply after a tight trading range on the monthly chart, […]
Nasdaq 100 Pause Bar After Two Big Bull Bars
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures July monthly candlestick is a big bear doji bar with a big tail above and below. It is at least a pause bar after two big bull bars, and a bad sell signal bar. The week is a bear bar with a good body, a long […]
Nifty 50 Measuring Gap Measured Move
Market Overview: Nifty 50 Futures Nifty 50 Measuring Gap Measured Move on the monthly chart. This month, the market showed a strong bullish close and surpassed the significant milestone of 25,000. The measured move target, considering both the measuring gap and the wedge overshoot, has yet to be reached. Therefore, traders should anticipate at least […]
Emini Strong Bear Reversal Bar
Trading Update: Friday August 2, 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 Strong Bull Reversal Bar
Trading Update: Thursday August 1, 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 […]
