Market Overview: Nasdaq 100 Futures The NASDAQ Emini futures May monthly candlestick is a big bull bar with a prominent tail above. It is a new high close just below April month high. The week is a bear bar with a long tail below. The last two weeks’ reports had made the case that at least […]
Emini Bears Want 2nd Leg Down
Trading Update: Friday May 31, 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 […]
Bitcoin insiste en continuar la tendencia con test a los $70000
Visión del mercado La acción del precio de Bitcoin esta semana ofrece un vistazo fascinante a la batalla en curso entre alcistas y bajistas. Mientras que el gráfico semanal insinúa una posible reanudación de la tendencia alcista, surge una pregunta crítica: ¿Qué obstáculos deben superar los alcistas para mantener su impulso? Por el contrario, ¿cómo […]
No Weekly Emini Follow-through
Market Overview: S&P 500 Emini Futures There was no weekly Emini follow-through buying following last week’s breakout above the March 21 high. The bulls see this week simply as a pullback and want the market to continue higher. The bears want a reversal from a higher high major trend reversal or a double top with the March 21 high. […]
Crude Oil OO Pattern
Market Overview: Crude Oil Futures The weekly chart formed a Crude Oil OO pattern (outside-outside) which means the market is in breakout mode. Crude Oil is currently trading around the middle of the large trading range, which is an area of balance. The overlapping price action in the last 3 weeks also indicates that the market is in a tight trading range. Crude oil futures The […]
No Weekly EURUSD Follow-through
Market Overview: EURUSD Forex There was no weekly EURUSD follow-through bull bar following last week’s close above the 20-week EMA. The bulls need to create follow-through buying trading above the 20-week EMA to increase the odds of retesting the December high. The bears see the recent moves simply as a deep pullback and want at least a small […]
FTSE 100 Bull BO, Pullback, Swing Bears 2:1
Market Overview: FTSE 100 Futures FTSE 100 futures pulled back lower last week with a big bear bar hitting a bear swing target. There has been a strong bull breakout from the lows of a bull channel, and we are near the top of it. We don’t have to reverse here, but some bulls will […]
DAX 40 Breakout Pullback in Bull Channel, AIL
Market Overview: DAX 40 Futures DAX futures went sideways last week, with another doji in a pullback after a breakout. After a strong bull breakout to a new high and a great entry bar for the bulls, those bulls are wondering how much higher. Bears have nothing to sell, but we might drift back to […]
Nasdaq 100 CC Bull Close above March High Close
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures week is a bull bar with a prominent tail above. The market had a CC bull close above March high close and a new all-time high close. Note: CC is an abbreviation for consecutive. On the daily chart, this week was the channel phase of […]
Nifty 50 Bull Breakout
Market Overview: Nifty 50 Futures Nifty 50 Bull Breakout on the weekly chart. The market on the weekly chart formed a strong consecutive bull bar this week, resulting in a robust bull breakout of the trading range. This indicates a measured move up based on the height of the trading range. Bears need at least […]
