Market Overview: Nifty 50 Futures Nifty 50 wedge top on monthly chart. On the monthly chart, the market produced a powerful bull bar that closed very near to its high. The Nifty 50 was also able to close above the big round number 18000, which may be a sign of strength. Similar to the monthly chart, the market […]
DAX 40 double bottom at 13000 big round number
Market Overview: DAX 40 Futures DAX futures was a doji and a double bottom at the 13000 big round number. We are always in short but a pause here at the bottom of a trading range will make bears consider whether they want to swing below. Bulls will start to scale in and a High […]
Emini bulls want double bottom higher low major trend reversal with January 28 low
Trading Update: Wednesday February 23, 2022 Emini pre-open market analysis Emini daily chart Yesterday was a weak reversal up from a double bottom higher low major trend reversal with January 28 low. If the bulls get consecutive bull bars closing above the February 9 high, they would then likely get a break above the January […]
