Futures Markets Trend Zone EOW 12/24/20

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 Thursday’s close. This past week was a short one due to the Christmas holiday and there was not much movement. The total bullish markets remained at 29. The upcoming week is the last of 2020. It could prove interesting even with a short trading week.

Double_GreenSingle_GreenYellowSingle_RedDouble_Red
Very_Bullish (5)Bullish (4)Neutral (3)Bearish (2)Very_Bearish (1)
@AD@BP@LH@US@NG
@BO@FV@TY@CC@DX
@C@GC@SB@OJ
@CD@JY
@CL@LC
@EC@SI
@ES@W
@FC
@HG
@HO
@MP1
@NE1
@NQ
@PL
@RB
@RTY
@S
@SF
@SM
@YM
@KC
@CT
227332
59.46%18.92%8.11%8.11%5.41%

Futures Markets Trend Zone EOW 12/18/20

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’s close. This past week saw my basket of markets move back to the upper range of where they’ve been the past few weeks. The total bullish markets moved up from 21 to 29. We continue to see a risk on move into years end. A quick follow-up on Gold…last week I mentioned Gold found stiff resistance between 1851 and 1882. But, it was still closer to the upper range of this zone than the recent lows of 1767.20. I thought this week could provide some clues on Gold’s next move. Well, we got a strong upside breakout which stalled into the first of two volume @ price resistance clusters. Check this tweet from yesterday here for more information.

Two markets that could prove interesting into the end of the year are the Euro and Copper. Both are trading inside volume @ price resistance clusters. The Euro cluster goes back two years, while the Copper cluster goes back to 2011. Both could have trouble clearing this range without a big correction.

Happy Holidays!

Double_GreenSingle_GreenYellowSingle_RedDouble_Red
Very_Bullish (5)Bullish (4)Neutral (3)Bearish (2)Very_Bearish (1)
@AD@FC@TY@LH@NG
@BO@FV@US@DX
@BP@GC@CC
@C@JY@OJ
@CD@LC@SB
@CL@SI
@EC@W
@ES
@HG
@HO
@MP1
@NE1
@NQ
@PL
@RB
@RTY
@S
@SF
@SM
@YM
@KC
@CT
227152
59.46%18.92%2.70%13.51%5.41%

Futures Markets Trend Zone EOW 12/11/20

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’s close. This past week saw a small decline in bullish markets sporting a 4 or a 5 on the spectrum. They dropped from 26 to 21. This is not surprising given the huge run-up most of these markets have had recently. Now let’s follow-up on last week’s interesting markets, Gold and Sugar. Gold did indeed find stiff resistance between 1851 and 1882. However, it is still closer to the upper range of this zone than the recent lows of 1767.20. Next week could provide some clues on Gold’s next move.

Sugar just chopped sideways this week and looks to be entering consolidation. It currently sits at VAL and VWAP support. However, the alignment of the 8:13:21 EMA’s is currently bearish. This is interesting, given the overall look of its chart. I’m interested to see if this near-term support will hold or if a bigger downwards move is coming.

Finally, this weeks most interesting market is Copper, which has been screaming higher since November 2nd. Longs should be cautious as the COT shows long traders holding record long positions for a second consecutive week. There was only a slight correction last time this occurred in late September. But this market has had a much larger run-up this time around. It wouldn’t hurt to take profits up here. I will be posting an article on Barchart.com this weekend with more details about Copper.

Double_GreenSingle_GreenYellowSingle_RedDouble_Red
Very_Bullish (5)Bullish (4)Neutral (3)Bearish (2)Very_Bearish (1)
@AD@BP@C@GC@NG
@BO@FV@FC@LC@DX
@CD@JY@S@LH
@CL@CT@SI@SM
@EC@KC@TY@US
@ES@W@SB
@HG@CC
@HO@OJ
@MP1
@NE1
@NQ
@PL
@RB
@RTY
@SF
@YM
165862
43.24%13.51%21.62%16.22%5.41%

Futures Markets Trend Zone EOW 12/04/20

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’s close. This past week saw a slight drop from 28 to 26 markets sporting a 4 or a 5 on the spectrum. However, the most bullish increased from 16 to 21. This is the most bullish this basket of markets have collectively been in 3 months. This continues to be a risk on market right now. Gold, last weeks most interesting market, saw a rally into potential resistance. It traded just inside an area that used to be strong support. The change of polarity concept could turn this area into resistance. The 1851-1882 zone on the continuation chart could prove to be very interesting. This weeks biggest mover is Sugar. It moved down 3 slots from very bullish (5) to bearish (2). This is a bit odd as the chart still looks in good shape. I wouldn’t be ready to call this a trend change yet. Most likely, Sugar could move into a consolidation period. Keep an eye on it.

Double_GreenSingle_GreenYellowSingle_RedDouble_Red
Very_Bullish (5)Bullish (4)Neutral (3)Bearish (2)Very_Bearish (1)
@AD@JY@SM@FV@GC
@BO@LC@CT@SI@NG
@BP@LH@TY@DX
@C@SF@US
@CC@KC@W
@CD@SB
@CL
@EC
@ES
@FC
@HG
@HO
@MP1
@NE1
@NQ
@OJ
@PL
@RB
@RTY
@S
@YM
215263
56.76%13.51%5.41%16.22%8.11%

Futures Markets Trend Zone EOW 11/27/20

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’s close. This past week we continued to see 28 markets sporting a 4 or a 5 on the spectrum. However, the most bullish increased from 12 to 16. This truly is a risk on market right now. The most interesting market to me right now is Gold. It is now double red, which is very bearish. This is the first time Gold has been double red since I starting posting my trend zones back on 7/31/20. I will be writing an article about Gold later this weekend. Keep an eye out for it.

Double_GreenSingle_GreenYellowSingle_RedDouble_Red
Very_Bullish (5)Bullish (4)Neutral (3)Bearish (2)Very_Bearish (1)
@AD@CD@FV@LH@GC
@BO@CL@TY@NG@DX
@BP@EC@US@SI
@C@FC@W
@CC@JY
@ES@LC
@HG@NQ
@HO@PL
@MP1@RB
@NE1@SF
@OJ@CT
@RTY@KC
@S
@SB
@SM
@YM
1612342
43.24%32.43%8.11%10.81%5.41%