Al added a few comments to report SP500 Emini: Weekend Market Analysis The SP500 Emini futures reversed higher with big bull bar from a wedge bull flag and a higher low major trend reversal. It broke far above the bear trend line and closed near the weekly high. Bulls hope that the correction has ended […]
Emini stalls forming third leg sideways to down
Market Overview: Weekend Market Analysis The SP500 Emini futures stalled and formed the 3rd leg sideways to down. Bears want a strong break below the February 24 low followed by a measured move down. They need next week to close as another bear follow-through bar. If they get that, the odds of a breakout below February 24 […]
Emini weak follow-through buying so far
Market Overview: Weekend Market Analysis The SP500 Emini futures triggered the high 2 buy signal this week on the weekly chart, but weak follow-through buying so far. Traders are looking to see if the bulls can create another leg higher. If the Emini stalls at the February 2 lower high, odds are sellers will return […]
Emini breakout below OO but no follow-through selling
Market Overview: Weekend Market Analysis The SP500 Emini futures traded below January low, triggering the sell signal from the second OO pattern on the monthly chart. However, there was no follow-through selling and the Emini reversed back above the middle of the bar. Monday is the final day of the month. The bulls want a close far […]