Market Overview: Nifty 50 Futures The Nifty 50 futures on the weekly chart formed a double bottom at bottom of trading range which is also the bottom of a bull micro channel. Nifty 50 on daily chart still in the broad bear channel and forming wedge bottom near March month low which is strong support. Nifty 50 […]
Emini testing back into bottom of 3-month trading range
Trading Update: Tuesday May 17, 2022 Emini pre-open market analysis Emini daily chart Emini yesterday was a doji bar following Friday’s entry bar. This is disappointing for bulls and a sign of trading range price action. The market is getting near the bottom of the 3-month trading range (February – April) and will likely test […]
FTSE High 2 possible at 20-week moving average
Market Overview: FTSE 100 Futures The FTSE futures market went sideways last week with a FTSE High 2 possible at the 20-Week Moving Average (MA.) We said last week a fifth bear bar on the weekly was unusual and traders expected a pullback. The bulls see a pullback from a tight channel up to the range […]
Emini weak breakout below trading range
The S&P 500 Emini futures had a weak breakout below February low. Bears hope this is simply a breakout pullback and wants a strong breakout and a measured move down. Bulls want a reversal higher from the bottom of the 9-month trading range. They see a wedge bull flag and a lower low major trend reversal setup.
However, the sell-off from March 29 has been strong. Odds are, a pullback (bounce) from here would be minor and traders expect at least a small second leg sideways to down after a slightly larger pullback.
Emini bears completely reversed bull breakout
Trading Update: Friday May 6, 2022 Emini pre-open market analysis Emini daily chart The bears completely reversed bull breakout bar (May 4 bull trend bar). However, the bears were unable to close the market on its low. Yesterday also has a big tail below it, increasing the odds of a possible inside day today. Bulls […]
FTSE 100 failed High 1 buy in trading range
Market Overview: FTSE 100 Futures The FTSE futures market had a failed High 1 buy in a tight trading range last month. We are likely always in short on the daily chart forming lower highs and working down to the March lows. The bulls have both longer and shorter-term trends on their sides. After such a […]
Emini oscillating at middle of 9-month trading range
Trading Update: Friday April 22, 2022 Emini pre-open market analysis Emini daily chart Emini oscillating at middle of 9-month trading range. Below is a comment Al wanted to add regarding the Emini: “The Emini has been oscillating around 4,400 for 9 months. That price might well end up being the middle of the trading range. […]
Lateralidades — áreas de confusão
Lateralidades – Estratégias de Operação O Mercado está constantemente procurando equilíbrio, que é um preço onde tanto compradores quando vendedores sentem que há valor em se colocar uma ordem, pois entendem que conseguirão ganhar dinheiro. Esse equilíbrio necessariamente leva a uma área de confusão, afinal, de que outra maneira seria possível que ambos, tanto altistas […]
Nifty 50 futures strong bull close in middle of trading range
Market Overview: Nifty 50 futures The Nifty 50 futures ended March with a strong bull close in middle of trading range after 5-6 months of indecisive bars. Now the only thing bulls need is a good follow-through bar for continuing the trend again after a long halt, but the bears only need a weak bull […]
Emini disappointment in middle of 7-month trading range
Trading Update: Thursday February 17, 2022 Emini pre-open market analysis Emini daily chart The Emini is in the middle of a 7-month trading range; therefore, it is neutral. There is a 50% probability of a bull breakout and a 50% probability of a bear breakout. There have been many reversals up and down that have […]
