Market Overview: Weekend Market Analysis The SP500 Emini futures contract has rallied strongly to near the top of a 4-month trading range. Friday is a High 1 bull flag buy signal bar on the daily chart. There should be at least a small 2nd leg up, but there might be some profit-taking next week after […]

Market Overview: Weekend Market Analysis The SP500 Emini futures market has an ioi sell signal on the monthly chart and a parabolic wedge buy signal on the daily chart. The Emini should bounce next week, but it also should fall below the October low at some point in November. Bond futures are turning down from […]

Market Overview: Weekend Market Analysis The SP500 Emini futures reversed up this week on the daily chart from a wedge bull flag reversal and a test of the September 16 top of a month-long trading range. It could rally for a couple weeks, but traders think it will probably reverse down again before breaking much […]

Market Overview: Weekend Market Analysis The Emini has a micro double top sell signal on the daily chart. It might dip below the October 6 trading range high. Whether or not it reverses up to the September all-time high, the odds still favor a selloff from around that high. Bond futures have been sideways for […]

Market Overview: Weekend Market Analysis The SP500 Emini futures market broke above the September trading range this week. It might gap up on Monday. There is now a 60% chance that this rally will test the September 2 all-time high. The Bond futures weekly chart has been in a trading range for 7 months. There […]

Market Overview: Weekend Market Analysis The SP500 Emini futures daily chart reversed up from a small wedge bottom 7 days ago. However, September was an outside down bar on the monthly chart. That increases the chance of sideways to down trading in October. Traders believe that the Emini might go a little higher to the […]

Market Overview: Weekend Market Analysis The SP500 Emini futures market reversed up from a small wedge bottom this week and it should be sideways to up through the end of the month on Wednesday. After September became an Emini outside down month in a strong bull trend, traders expect September to close above the August […]

Market Overview: Weekend Market Analysis The SP500 Emini futures formed an outside down candlestick week and September might become an outside down month. Traders will sell rallies, expecting the selloff to reach 3,000 – 3,200. Bond futures are in the middle of a 6 month tight trading range. Traders are looking for reversals every few […]

Market Overview: Weekend Market Analysis The S&P500 Emini futures tested the 50-day moving average today. It should try to bounce early next week, but traders should still expect the selloff to eventually reach 3000 – 3200. Bond futures are in the middle of a 6 month trading range. Traders are looking for reversals every few […]

Market Overview: Weekend Market Analysis The SP500 Emini futures sold off sharply for 2 days but bounced on Friday. The bounce might continue to above 3500, but traders expect a 2nd leg down to around 3200. Bond futures are turning down from a double top bear flag on the daily chart, but the yearlong trading […]