Tag: Weekend Market Reports

  The SP500 Emini futures bull trend is strong and traders expect higher prices. But it is breaking above bull channels on the daily and monthly charts, and any breakout above bull channel typically fails by about 5 bars. The bond futures market is breaking below a 9-month triangle and a bull trend line. If there is follow-through selling next week, traders will expect a measured move down. The EURUSD Forex market is stalling at the top of a 6-year trading range. If the rally does not accelerate soon, traders will look for a 3-week pullback. 30-year Treasury Bond futures Bond futures on weekly chart broke below a 9-month trading rangeBond futures on the weekly candlestick chart finally broke below their 9-month trading range this week. While I have been saying that the bond market will b...

The SP500 Emini futures chart closed 2020 at a new all-time high. That increases the chance of a gap up next week on the daily, weekly, monthly, and yearly charts. However, if there is a strong rally in early January, it will probably soon lead to a profit-taking pullback down to 3500.Bond futures on the weekly chart are at the apex of a 10-month triangle. There should be a breakout in January. There is a 50% chance that it will be up and a 50% chance it will be down.The EURUSD Forex has rallied strongly since March, but there is a nested wedge top. That often leads to profit taking. This week’s bear outside down bar might be the start of a pullback to the November low at around 1.16.30-year Treasury Bond futuresBond futures on weekly chart are at the apex of a triangle, with...