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. The overall temperature made a slight shift back towards the bullish side after one week in the neutral zone. We went from 15 markets sporting a 4 or 5 on the spectrum back up to 21. The biggest mover week to week was Coffee (KC). It moved down 3 slots from double green (very bullish) to red (bearish). This could be the start of a trend change. The metals showed the biggest change as a group with GC, SI, and PL moving up two slots from bearish/neutral bias to bullish bias. The other two markets making a similar move were JY and RB.
| Double_Green | Single_Green | Yellow | Single_Red | Double_Red |
| Very_Bullish (5) | Bullish (4) | Neutral (3) | Bearish (2) | Very_Bearish (1) |
| @AD | @EC | @CD | @BP | @HO |
| @BO | @FV | @YM | @CL | |
| @C | @GC | @FC | @ES | |
| @CC | @W | @LC | @NG | |
| @HG | @JY | @DX | @NQ | |
| @LH | @NE1 | @SB | @RTY | |
| @MP1 | @PL | @US | ||
| @S | @RB | @KC | ||
| @SI | @SF | @OJ | ||
| @SM | @TY | |||
| @CT | ||||
| 10 | 11 | 6 | 9 | 1 |
| 27.03% | 29.73% | 16.22% | 24.32% | 2.70% |