Market Overview: Weekend Market Analysis The SP500 Emini futures market had a strong end of quarter rally on Thursday and Friday. The Emini might gap up to a new all-time high on Monday on the daily and weekly charts. In addition, April could gap up on the monthly chart on Wednesday. While the Emini is […]
Emini weekly chart sell signal bar for minor double top just below 4,000
Market Overview: Weekend Market Analysis The SP500 Emini futures in strong bull trend on all time frames. However, there is now a sell signal bar for a small minor double top on the weekly chart, just below the 4,000 Big Round Number. Traders expect higher prices, even if there is a 1- to 2-week pullback […]
Emini should test the 4,000 Big Round Number next week
Market Overview: Weekend Market Analysis The SP500 Emini futures market broke to a new all-time high this week, and it should test 4000 Big Round Number next week. Friday is a High 1 bull flag buy signal bar on the daily chart. The Bond futures market has gone sideways for 3 weeks in a sell […]
The Emini had 3 consecutive big bear bars, but there is a wedge bull flag
Market Overview: Weekend Market Analysis The SP500 Emini futures had 3 consecutive big bear bars (days) this week. However, the week also formed a wedge bull flag on Friday. The odds are still slightly greater for a bear breakout and a 10% correction, but a pair of consecutive big bull bars next week will make […]
Emini finally had 2 consecutive big bear days so 10% correction has probably begun
Market Overview: Weekend Market Analysis The SP500 Emini futures finally had consecutive big bear days on the daily chart. It will probably correct 10% over the next few weeks. Bond futures on the monthly chart collapsed down to support. There should be a short covering bounce in March. The EURUSD Forex market has a wedge […]
Emini has late February sell signal on weekly and daily charts
Market Overview: Weekend Market Analysis The SP500 Emini futures chart is in a strong bull trend, but this week formed a late February sell signal bar on the weekly chart. Traders will continue to buy 1- to 3- day pullbacks until there are consecutive big bear days. They then will wait for a 10% correction […]
Emini’s February buy climax testing top of bull channels on daily, weekly, and monthly charts
Market Overview: Weekend Market Analysis The SP500 Emini futures is in a strong bull trend on all time-frames with buy climax testing top of bull channels. Traders will continue to buy until there are consecutive strong bear days on the daily chart. While that could lead to a 10% correction, traders will buy that pullback […]
Emini broke above January trading range for possible test of 4,000 Big Round Number
Market Overview: Weekend Market Analysis SP500 Emini futures market broke above the January trading range this week. The bulls have a 50% chance of a strong break above the 4,000 Big Round Number before there is a 10% correction. Bond futures are selling off in a Small Pullback Bear Trend on the weekly chart. Traders […]
Emini minor sell signal in January on monthly chart
Market Overview: Weekend Market Analysis The SP500 Emini futures should trade lower next week after January had a bear body on the monthly chart, an Emini minor sell signal. Furthermore, last week was outside down on the weekly chart, and the Emini broke below the 3-month bull channel on the daily chart. Bond futures broke […]
Emini rallying strongly at start of Biden’s presidency
Market Overview: Weekend Market Analysis SP500 Emini rallying strongly on the daily, weekly, and monthly charts. Traders continue to expect higher prices. But the rally is now at the top of bull channels on all 3 time frames. That increases the chance of several down weeks starting soon. Bond futures have had lackluster follow-through after […]
