Market Overview: S&P 500 Emini Futures The market formed an Emini start of PB (pullback) following a climactic rally, ending the 10-bar bull microchannel streak. The bulls want the pullback to be sideways and shallow (with doji(s), bull bars and overlapping candlesticks), possibly forming a double bottom bull flag. The bears will need to create […]
Crude Oil Sideways to Up
Market Overview: Crude Oil Futures The market is forming a Crude Oil sideways to up pullback on the weekly chart. The bulls will need to create follow-through buying trading above the 20-week EMA to increase the odds of higher prices. The bears want the 20-week EMA and the bear trend line to act as resistance, forming […]
EURUSD Minor Pullback
Market Overview: EURUSD Forex The weekly chart formed an EURUSD minor PB (pullback) to the 20-week EMA. The bulls want the 20-week EMA to act as support, followed by a reversal from a double bottom bull flag with the first leg being the December 8 low. The bears need to create a few strong consecutive […]
FTSE 100 Low 1 High in TR, Tight Bull Channel
Market Overview: FTSE 100 Futures FTSE 100 futures moved lower last week with a Low 1 at the top of a trading range. 5 consecutive higher lows, so we expected there to be buyers below. Weak signal bar for the bears, so we might need to go for a second leg up. Bears want to […]
DAX 40 Bear Outside Down Bar, Bull Flag, Micro DT
Market Overview: DAX 40 Futures DAX futures went lower last week with a bear outside down bar, after a big bull spike. It’s such a strong, bullish move, so there should be a second piece to it. The bears are trying to sell the double top here. They want a deep pullback and a continuation […]
Nasdaq 100 First Bear Bar since November 2023
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures week is a big bear trend bar with a small tail below. It is the first bear bar since November 2023. It also closed the breakout gap with July high. On the daily chart, the market had three consecutive trend bear bars and then closed […]
Nifty 50 Breakout Gap
Market Overview: Nifty 50 Futures Nifty 50 Breakout Gap on the weekly chart. This week, the market presented a small bear doji bar, yet it continues trading within the Bull Micro Channel. The prospects of a bear reversal remain low as the market sustains a robust bull trend. Despite several attempts, bears have been unsuccessful […]
Emini Buyers at Moving Average
Trading Update: Friday January 5, 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 Buyers at the Moving Average
Trading Update: Thursday January 4, 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 Important Magnets below at 4,749
Trading Update: Wednesday January 3, 2024 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini intraday market update 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 […]
