Trading Update: Friday January 13, 2023 Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini intraday market update Yesterday’s Emini setups Al created the SP500 Emini charts. Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each sell […]
EURUSD Weak Reversal Bar, Wedge Top
Market Overview: EURUSD Forex The EURUSD Forex market formed a EURUSD weak reversal bar as the weekly candlestick has a long tail above but a bull body. Bears want a pullback from the wedge top. They will need to create follow-through selling to increase the odds of a pullback. Bulls want the pullback to form a higher […]
Nasdaq 100 Monthly Bull Reversal Bar from below June Low
Market Overview: NASDAQ 100 Emini Futures NASDAQ Emini futures October monthly bull reversal bar from below the June low, with a tail at the top and bottom. Since this month is a bull bar, it signifies a failed breakout below last month’s low. At the same time, the market went far below last month’s low that […]
Bitcoin Reversal from New Low
Market Overview: Bitcoin Futures Bitcoin reversal from new low this week. It remains slightly below crucial resistances after reaching new fresh lows of the major bear trend, by trading sideways to down. Bitcoin futures The Weekly chart of Bitcoin futures This week’s Bitcoin candlestick is a small bear doji, closing near its midpoint. During the […]
Nifty 50 Futures Double Top
Market Overview: Nifty 50 Futures Nifty 50 futures double top on weekly chart with a strong bear bar closing near low. Still, the breakout gap is open which indicates some strength. Currently on the weekly chart, the market is near the trading range top so traders avoid buying this high. Nifty 50 on the daily […]
DAX 40 Bear Reversal at the Moving Average
Market Overview: DAX 40 Futures DAX 40 bear reversal at the moving average. It’s a tight bull channel with 4 consecutive bull bars so it’s not a high probability sell below, but bears have been selling the moving average and making money. We are also at a measured move target on the weekly, although short […]
Nasdaq big weekly bear reversal
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures weekly candlestick is a big weekly bear reversal bar closing on its low. This week completely reversed the bull bar from two weeks ago. The week started by continuing the tight trading range from last week. Wednesday was a Low 2 sell signal bar, which […]
Nifty 50 futures strong bear close after double bottom
Market Overview: Nifty 50 Futures The Nifty 50 futures have given strong bear close after double bottom, but the best bears can get would be a trading range, so bulls would be again looking to buy near the trading range bottom. Nifty 50 on the daily chart is in a broad bear channel which are always a […]
Nifty 50 futures increasing trading range price action
Market Overview: Nifty 50 Futures The Nifty 50 futures after giving a breakdown of bull micro channel on monthly chart now showing increasing trading range price action, and also forming micro double bottom after a Low 3. Nifty 50 on the weekly chart came to support area but weak reversal up without bull strength, which was clearly […]
Emini strong bull reversal bar closing at high
The S&P 500 Emini futures traded higher closing above the 9-month trading range low (February low). The 7 consecutive bear bars were unsustainable and were a form of a sell climax.
Odds slightly favor a 2 legged sideways to up pullback beginning. However, because of the strong selling since March, traders expect at least a small second leg sideways to down after the pullback is over.
