Trading Update: Tuesday August 1, 2023 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Yesterday’s Emini setups Richard created the SP500 Emini chart (Al travelling). Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each sell entry […]
Emini Bears Want Test of Last Year’s Close
Trading Update: Friday March 10, 2023 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 several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each sell […]
EURUSD Big Bear Bar Retesting July Low
Market Overview: EURUSD Forex EURUSD big bear bar retested the July closing near the low on the weekly chart. Bears want a strong breakout below the July low followed by a measured move down. They will need to create a follow-through bear bar next week to increase the odds of a breakout attempt below the July […]
Bitcoin Camino de Menor Resistencia
Visión general del mercado: Futuros de Bitcoin Los Futuros sobre Bitcoin subieron un 28 % durante julio porque los Traders Bajistas tomaron algunos beneficios sobre un Soporte Técnico. Durante el último Informe Mensual, mencionamos que el nivel más importante para lo que resta del año sería probablemente el precio de cierre de junio. Julio es […]
Bitcoin retroceso en el soporte principal
Visión general del mercado: Futuros de Bitcoin El retroceso de Bitcoin es una realidad después de que el precio se estrellara contra un Soporte Mayor de Mercado. Los Traders esperan que el precio alcance los 28800 $ durante los próximos meses. Futuros del Bitcoin Gráfico Semanal de los Futuros del Bitcoin Los Traders todavía piensan que la […]
EURUSD weak bear follow-through retesting low
The EURUSD Forex re-tested the low and the bears got a weak follow-through bar on the weekly chart. The bears want a breakout below the May low followed by a measured move down based on the height of the 7-year trading range. The bulls want a reversal higher from a double bottom major trend reversal following the trend channel line overshoot and wedge bottom.
Emini testing March 2021 gap
Trading Update: Wednesday May 11, 2022 Emini pre-open market analysis Emini daily chart Emini testing March 2021 gap on the daily chart yesterday. The bears want to close below the gap as well as the March 17, 2021, breakout point, which would demonstrate the strength of the bears. The bears closed below the three-month […]
Emini market testing May 2 low
Trading Update: Monday May 9, 2022 Emini pre-open market analysis Emini daily chart Friday closed as a doji bar with a small bull body around the May 2 low. Emini market testing May 2 low and bulls hope the market is forming a double bottom, which will lead to a test of the May 4 […]
Emini monthly big bear bar testing 20-month EMA
The S&P 500 Emini futures has 4 consecutive bear bars closing near the low on the weekly chart, testing the February low. The bears need a couple of closes below the February low on the weekly chart to convince traders that a deeper correction may be underway. The bulls hope that this is simply a sell vacuum test of the trading range low.
The Monthly candlestick is forming the second leg down from the January top. The Emini is in a 9-month trading range. While odds slightly favor a test below February low, breakouts from trading ranges fail 50% of the time.
Emini bear follow through testing support zone
Al added some comments to report Market Overview: Weekend Market Analysis The SP500 Emini futures traded below November’s low on the monthly chart following a failed OO (Outside-Outside) pattern. Since the bull trend is strong, this is a minor sell signal with an Emini bear follow through bar. There are several support zones around the […]