Market Overview: Nifty 50 Futures Nifty 50 Broad Bull Channel on the weekly chart. This week, the market gave a strong bearish close and is currently trading inside a strong, tight bull channel. The bulls tried to break above the all-time high and give a strong close this week, but they were unsuccessful. The bears are […]
EURUSD Micro Double Top
Market Overview: EURUSD Forex The EURUSD Forex traded down in May from a EURUSD micro double top (April and May) and closed below the 20-month exponential moving average. The bears need to create follow-through selling in June to increase the odds of a deeper pullback. The bulls want the broad bull channel to continue up […]
EURUSD Overlapping Candlesticks
Market Overview: EURUSD Forex The EURUSD Forex monthly chart has 3 overlapping candlesticks. That means that the EURUSD is in a trading range. The bears failed to get follow-through selling in March. The bulls need to create a follow-through bull bar trading above the February high to increase the odds of another leg higher. EURUSD […]
Nifty 50 Micro Double Top
Market Overview: Nifty 50 Futures Nifty 50 micro double top on the weekly chart, but since the market formed a bull bar this week, few bears would be shorting below the bar 1 (shown on the weekly chart below). However, given that the market is still moving inside of a bear channel, some bears might […]
DAX 40 Micro Double Top at Measured Move Target
Market Overview: DAX 40 Futures DAX 40 micro double top at a measured move target. It’s a tight bull channel that is slowing down, and we might need to go sideways for profit-taking next week. The daily chart is forming a possible head and shoulders top, which could signal a two-legged pullback. The lack of […]
Emini Outside Bear Bar, Micro Double Top
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures traded higher but reversed to close as an Emini outside bear bar. It formed a micro double top with Dec 1 high. The bears want this to be the start of a deeper pullback. Bulls want the pullback to form a higher low and reverse up […]
FTSE 100 Bear Inside Bar and Micro DT
Market Overview: FTSE 100 Futures The FTSE futures market was a FTSE 100 bear inside bar and micro double top. It was a pause at 2 measured move targets and a possible double top. But the bull leg is very strong, and with so much urgency, bulls could not even buy below bars. It is likely […]
FTSE 100 Micro Double Top at 50-Week MA
Market Overview: FTSE 100 Futures The FTSE futures market was a FTSE 100 micro double top at the 50-week moving average. Traders expected a second leg after the consecutive big bear bars and are deciding if we just finished the second leg. The bulls are looking for a second buy signal, but it’s a bear bar, […]
FTSE 100 bull doji bar & pause at 100-week MA
*A new market analysis report — Let us know what you think below Market Overview: European Market Analysis The FTSE futures market failed to get follow-through selling from the largest bear bar since the COVID crash. Traders are looking to see if the bears can get a second leg down or whether the pause here is […]
Emini micro double top and double top with February 2 high
Trading Update: Friday February 11, 2022 Emini pre-open market analysis Emini daily chart An Emini micro double top formed over the past 2 days and a double top with the February 2 high. The Emini has been reversing up from a sell climax for 2 weeks. Yesterday rallied on the open, but then sold off […]
