Futures Markets Trend Zone EOW 9/4/20

I look for pullback trade set-ups in trending markets and one helpful tool I use is my trend map. I follow 37 markets and break down each market into 5 categories:

double green (very bullish)(5)
single green (bullish)(4)
yellow (neutral or sideways)(3)
single red (bearish)(2)
double red (very bearish)(1)

Here is my futures markets Trend Zone as of Friday‚Äôs close. The overall temperature is still bullish with 24 of 37 markets sporting a 4 or 5 on the spectrum. However, we’ve now seen a 3 week decline in total bullish markets. The biggest mover week to week was Crude Oil. CL moved down 3 slots from double green (very bullish) to red (bearish). This could be the start of a trend change.

Very_Bullish (5)Bullish (4)Neutral (3)Bearish (2)Very_Bearish (1)