Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures traded higher and formed a TCL Overshoot (trend channel line). The bulls want a strong breakout above the August high and a measured move up to around the March 2022 high area. The bears want a failed breakout above the August high and at least a […]
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 […]
Nifty 50 near big round number
Market Overview: Nifty 50 Futures Nifty 50 Near Big Round Number on the weekly chart and also formed a bull bar which continues the bull micro channel, making this move more climatic. Nifty 50 on the daily chart continued up even after reaching the channel measured move up, and thus forming another possible measuring gap (can […]
