Trading Update: Tuesday July 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 Test Back Down to 5,600 Likely
Trading Update: Monday July 8, 2024 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini Intra-Day Update Friday’s Emini setups Richard created the SP500 Emini chart – Al travelling. Here are reasonable stop entry setups from Friday. I show each buy entry bar with a green arrow […]
Weekly Crude Oil Tight Bull Channel
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil tight bull channel from the June 4 low. The bulls have a 5-bar bull microchannel which means persistent buying. There may be buyers below the first pullback from such a strong bull microchannel. The bears want a reversal from a lower high major […]
Weekly EURUSD Wedge
Market Overview: EURUSD Forex The market formed a weekly EURUSD wedge bull flag (Feb 14, Apr 16, and Jun 26). The bulls need to create follow-through buying next week (even if it is only a bull doji). The bears see the current move simply as a pullback forming a lower high and want another leg […]
Bitcoin losing the $60000 after a 200-day MA break
Market Overview: Bitcoin In last week’s analysis, we focused on the broader perspective offered by longer timeframe charts of Bitcoin. This week, the market triggered a low 2 signal on the monthly chart, indicating a potential shift in sentiment. On the weekly chart, it appears that bulls have relinquished the idea of buying within the […]
Weekly Emini Third Leg Up
Market Overview: S&P 500 Emini Futures The market is forming a weekly Emini third leg up after a one-bar pullback (last week). The bulls want another leg up completing the wedge in the third leg up with the first two legs being May 23 and June 28. The bears want a reversal from a higher […]
FTSE 100 Tight Trading Range, Above Support
Market Overview: FTSE 100 Futures FTSE 100 futures went sideways last week again, with a tight trading range in BO mode. The bears had a chance to pull back the market, but the buying has been relentless. You don’t want to trading countertrend with open breakout gaps below, the probability isn’t worth it. But the […]
DAX 40 Outside Up, Middle of TR, Bull Channel
Market Overview: DAX 40 Futures DAX futures went higher last week with a bull outside up bar. Bears tried to take control but couldn’t get much below 18000. Middle of a trading range in a bull channel, so still more likely sideways to up. We could go sideways here as traders decide what to do. […]
Nasdaq 100 Big Bull Body Proportional to Bull Body of 6-10
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures week is a bull trend bar closing near its high with a small tail below. It is another new all-time high close above June 24 high, and a big bull body proportional to bull body of 6-10. On the daily chart, the market had uniform […]
Nifty 50 Bull Channel Overshoot
Market Overview: Nifty 50 Futures Nifty 50 Bull Channel Overshoot on the weekly chart. The market this week closed slightly bullish, with a small tail at the top. It is moving towards the bull channel overshoot measured move target and has formed a small breakout gap, which could lead to a measuring gap measured move […]
