Market Overview: Weekend Market Update The S&P500 Emini futures is in a strong bull trend and it should trade higher next week. It might even accelerate up next week. Since the buy climax is extreme, there is a 50% chance of a 10 – 20% pullback starting in September. However, traders will buy the selloff. […]
Emini futures might gap up to new high on weekly chart, but daily chart bull streak is buy climax
Market Overview: Weekend Market Analysis The S&P500 Emini futures market might gap to a new all-time high on the weekly chart next week. But the streak of 9 consecutive bull bars on the daily chart that ended 2 weeks ago should lead to a pullback to 3200 starting within a couple weeks. Bond futures are […]
Emini 10% September correction from double top
Market Overview: Weekend Market Update The Emini had a streak of 9 consecutive bull bars that ended this week. Traders should expect a 10% correction to begin by the end of the month. Bond futures are correcting down from a Spike and Channel Bull Trend on the daily chart. The selloff should test the June […]
Emini accomplished rare monthly gap up in 5 month rally
Market Overview: Weekend Market Update The Emini has rallied strongly for 2 weeks. It might gap up again next week. Traders expect a new all-time high early next week, and they will buy the 1st 1 – 3 day pullback. The bond futures market has rallied strongly for 9 weeks. However, it will probably begin […]
Emini in July closed above the June high
Market Overview: Weekend Market Update The Emini has rallied strongly for 4 months from its 10 year bull trend line. It has paused for a couple weeks in the February gap. Traders are deciding whether the rally will close the gap and continue to a new high, or reverse down and retrace half of the […]
Emini possible late July reversal down from February gap
Market Overview: Weekend Market Update The Emini is stalling in the gap above the February 24 high, as I said was likely. There is a 50% chance of a reversal down to the middle 3rd of the 3 year trading range beginning within a few weeks before there is a new high. Bond futures have […]
Emini finally testing February 24 gap so tension increasing
Market Overview: Weekend Market Update The Emini bulls are determined to test the gap on the weekly chart above the February 24 high. Many bears have been waiting for that test. Once in the gap, there is a 50% chance of a new high and a 50% chance of a correction down to 2700. Bond […]
Emini outside up week but minor daily sell signal
Market Overview: Weekend Market Update The Emini rallied strongly this week to end as an Emini outside up week. But it is still in its month-long trading range. There is still a 50% chance of a selloff to below 2700 before the Emini makes a new high. The bond futures have been sideways for 4 […]
Emini in Breakout Mode at end of 2nd quarter
Market Overview: Weekend Market Update The Emini is in breakout mode entering a seasonally bullish time of the year. But, it formed a strong sell signal bar on the weekly chart. If the bears get a big selloff next week, the Emini will probably work down below 2700 this summer. The bond futures market has […]
Emini lower high major trend reversal but gap is magnet above
Market Overview: Weekend Market Update The Emini sold off on Friday. There is a 50% chance that this is the start of a 15% correction. But there is also a 50% chance that the Emini will first test the gap on the weekly chart above the February 24 high. Bond futures are stuck in a […]
