Trading Update: Thursday August 10, 2023 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 several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each […]
Crude Oil Wedge Bull Flag but Trading Range
Market Overview: Crude Oil Futures The Crude oil futures weekly chart formed a Crude Oil wedge bull flag in a trading range. The weekly candlestick was a bull bar closing near the high. The bulls want a retest followed by a breakout above the 15-week trading range high. The bears got a reversal down from a wedge […]
Emini Wedge Bull Flag on Monthly Chart
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures formed an Emini wedge bull flag on the Monthly chart. On the weekly chart, it is in a pullback phase after a strong rally from October low. Odds slightly favor a retest of the October high. The bears on the other hand want a retest of […]
Emini bulls trying to form wedge bull flag
Trading Update: Wednesday April 13, 2022 Emini pre-open market analysis Emini daily chart Emini bulls trying to form wedge bull flag with bears having bear close under the March 3 breakout point, confirming the gap closing. The bears now have two consecutive bear bars, both closing below their midpoints, so it is possible the bear […]
Emini big bull bar from wedge bull flag & HL MTR
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 bears failed to get follow-through selling on weekly chart
Al added a few comments to report Market Overview: Weekend Market Analysis The SP500 Emini futures weekly candlestick was a bull doji bar. The bears failed to get follow-through selling following last week’s bear signal bar. The bulls see the 3 pushes down (December 3, December 20, and January 10) as a wedge bull flag and want […]
