Market Overview: Nifty 50 Futures Nifty 50 futures outside bar on the weekly chart and continuing to go up, now the market is near its all-time high (just a few points away from breaking the level). Bulls expect a breakout above the all-time high level and bears would prefer to do nothing until they see […]
Nifty 50 Possible Pullback
Market Overview: Nifty 50 Futures Nifty 50 possible pullback after the bull breakout of the swing high. The market gave a strong breakout of the swing high with 6 consecutive bull bars, and the market is still in 7-bar bull micro channel. Nifty 50 on the daily chart was in the very strong tight bull […]
Nifty 50 Futures ioi Pattern
Market Overview: Nifty 50 Futures Nifty 50 futures ioi pattern (inside-outside-inside bar) formed on the monthly chart. The market gave a strong bull close but is currently near the trading range top, so traders would wait for a good follow-through bar (or breakout) before taking any position. The Nifty 50 on the weekly chart gave […]
Emini new high but weekly outside bear bar closed near low
Market Overview: Weekend Market Analysis The SP500 Emini futures traded lower after making a new high this week. An outside bear bar on the weekly chart. It is a 50% pullback from the December 20 rally. Bears want a test of the December low from a higher high double top with November 22, or a […]
Emini closed 2021 near new all-time high
Market Overview: Weekend Market Analysis The SP500 Emini futures closed 2021 near new all-time high. This week was a weak breakout above the 8-week trading range to the new all-time high. Bulls want a continuation higher to test the top of the trend channel line and the 5000 big round number. Bears want a reversal […]
Emini bulls want breakout above November all-time high
Trading Update: Friday December 17, 2021 Emini pre-open market analysis Emini daily chart Yesterday was a big bear day after a big bull day on Wednesday. Yesterday’s low was above Wednesday’s low. Emini bulls want breakout above November all-time high. The bulls hope that yesterday was just a deep pullback from Wednesday’s rally. They want […]
Emini should end year at new all-time high around 4800
Al added a few comments to report Market Overview: Weekend Market Analysis The SP500 Emini futures reversed up strongly from the 50-day and 100-day moving averages and from just above the bottom of the bull channel on the daily chart. The odds favor a new all-time high around 4800 before end of the year. The […]
Emini in 7-bar bull micro channel on weekly chart
Market Overview: Weekend Market Analysis The SP500 Emini is testing the November 5 high. The bears want a reversal down from a higher high double top, and the bulls want the rally to continue up to the top of the bull channel. Since the Emini is in a bull trend (with 7-bar bull micro channel […]
Emini at all time high ahead of today’s November FOMC
Trading Update: Wednesday November 3, 2021 Emini pre-open market analysis Emini daily chart November FOMC announcement today at 11:00 am PT. Emini at all-time high and in strong trend on daily, weekly, and monthly charts. Measured move target at 4642.50 based on September 23 neckline of September 20/October 4 double bottom. There are other higher […]
Emini testing September all-time high
Trading Update: Thursday October 21, 2021 Emini pre-open market analysis Emini daily chart Yesterday rallied to within a few points of the September all-time high, but it closed in the middle of the day’s range. The 3-week rally has been strong enough to make a new high likely within a few days. It could come […]
