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Emini 7700 Next? Pros Bought the Dip, Not the Rip

By Emini-Watch

Summary

Topics Covered

  • Highlights from 00:00-03:20
  • Highlights from 03:09-06:43
  • Highlights from 06:35-09:32
  • Highlights from 09:28-12:48
  • Highlights from 12:46-15:46

Full Transcript

Okay, you're considering on Saturday the 20th of June, 2026 just gone 10:57 p.m. Chicago time. Do

hope you are doing well. Since the

weekend, time for another weekend futures market recap. We'll go through 15 of the largest futures markets and I'll show you what I'm seeing on my charts. Hope you had a great week. Yes,

charts. Hope you had a great week. Yes,

it was a shortened week. We had

Juneteenth on Friday, so the futures markets were shut.

And for me, the whole week just felt like a little bit of a retracement week.

We had a gap up on Sunday.

And then we gradually closed that gap this week on equities. And everything's

just fallen back into place testing down here. So, we had some good news out of

here. So, we had some good news out of the Middle East. Hopefully things are going to go right, but I don't think anybody's got much confidence in it at the moment. And so, I think we're just

the moment. And so, I think we're just in this wait and see, but I think blast off is going to happen. Uh and I'll show you why I think that is on my e-mini chart. So, as usual, e-mini charts

chart. So, as usual, e-mini charts first. Daily all the way down to the

first. Daily all the way down to the 15-minute and then the 13,500 tick bar chart. And finally, we got some nice

chart. And finally, we got some nice blue bars showing up on the e-mini. Here

they go. On the retrace here, the daily charts. Uh we've got two down bars and

charts. Uh we've got two down bars and we've trailed our stop up. This is good.

That means on the retrace, the professionals were getting active. It

was cyclical support on uh the lowest time frame. It's a pullback in an

time frame. It's a pullback in an uptrend here on the daily chart. Not

worried about this because for me, blue professional up bars. This is they're making new highs and the professionals will be taking profits as we head up.

So, these up bars into those recent highs did not have blue professional bars. The blue professional bars were

bars. The blue professional bars were happening on the way down. So, uh they were closing that gap, the gap up that we had on Monday. Uh they came in to save it and the trailing stop is being

trailed up now.

So, 135-minute chart, you can start to see some of the detail.

Uh rainbow patterns at the high on the dip, the blue professional bars stepped in. There's our gap up on the Monday.

in. There's our gap up on the Monday.

We've come down amateur down bars on the 135 minute chart here. And we're uh trailed our stop up and we're holding that pullback to end the trend is the pattern that we're making here. I'm

wondering if this is going to be uh what I call a gathering pattern. Blue

professional bars underneath a previous high, uh an area where the professionals are taking the opportunity. Yeah, they'll

buy on the dips, the big dips like that.

They came in down here at the lows. But

then they'll use any weakness as we're getting ready to blast through uh out of a channel into a new strong trending move, they'll use that weakness to jump in. So, that could well be a

little gathering pattern. We'll find out Monday, Tuesday. That low needs to hold.

Monday, Tuesday. That low needs to hold.

The trailing support on Better Prime needs to hold. And the first couple of days of next week, we need to get above these blue professional bars uh and start blasting up to uh new

highs. 45 minute chart, here we go. A

highs. 45 minute chart, here we go. A

little bit more detail again. This is

the previous week where all the blue professional bars came in. I said, "I think this is it. This is going to be the summer of risk on." And then as soon as I said that, the market opened and we

had uh gap up um on the Sunday into Monday. Amateur bars chasing the move.

Monday. Amateur bars chasing the move.

And then we came back, closed the gap, and that has held. And a little bit of strength on the last bar there on 45 minute chart on uh Thursday. And there's

the support coming on the highest time frame. Sign of strength. Let's get

frame. Sign of strength. Let's get

through this uh recent high and start testing into 7700 there. 15 minute

chart.

Previous week, so this is uh the beginnings and the ends of the week are marked by these solid vertical yellow lines. This is the previous week where

lines. This is the previous week where we had the blue professional bars step in. There's our gap up led by the

in. There's our gap up led by the amateurs here. And then when they closed

amateurs here. And then when they closed the gap, this is the blue professional bars step in here closing that gap there between the Friday close and uh the Monday open. So, the blue professional

Monday open. So, the blue professional bars step in, bang bang, and we're starting to get going. So, we've got a little bit of a squeeze pattern happening at the moment, which just means that the support and resistance

lines and price are super close together. So, here we are on better sine

together. So, here we are on better sine wave. Let's have a look at that here.

wave. Let's have a look at that here.

So, really tight signs of strength happening at the moment. Uh so, we need to get above the 7594 uh type level to break us into another uptrend and go

have a look at 7700.

So, all the minute charts done, let's look at the tick bar charts on 13,500 here. So, last week's activity, there's

here. So, last week's activity, there's those blue professional bars coming at the lows. And I said um the only fly in

the lows. And I said um the only fly in the ointment back then was that there were no big pro bars coming, the background wasn't in blue. Yep, we had exhaustion, sell bullish divergence, whole bunch of blue professional bars

coming down. The blue blue boxes showed

coming down. The blue blue boxes showed that at recent lows, the professionals step in. So, that was all good. Surprise

step in. So, that was all good. Surprise

on the Monday was that we had a big pro bar come in. You can see here just see there was one bar there, the background's in blue. Let me see if I can bump that up a little bit so you can

see. There it is. Bam and bang, big pro

see. There it is. Bam and bang, big pro bar come in there with on the tick bar chart, whole bunch of blue professional bars at those highs, exhaustion buy, and

then uh we drop off into those lows. So,

I suppose on 13,500 tick bar chart, we haven't seen any blue professional bars at the lows down here.

So, it could be that we're going to see a little bit of weakness first uh before coming up through uh the trailing stop on better prime and turning this into an uptrend. So, yeah, we need to see some

uptrend. So, yeah, we need to see some blue professional bars on 13,500.

Technically, we're still in a downtrend, background's in gray over here. We're

just testing at that level at the moment. There wasn't a Yeah, there was

moment. There wasn't a Yeah, there was one, two blue professional bars coming on the retrace there. And there was quite a few up at that high with the big pro bar coming in. So, I think we're still going to have some weakness on

13,500 to contend with until we've tested into this area and then we can get going for another go.

Uh in terms of signal patterns though, but we're making pullback to end of trend on the highest time frame. The

bars are red. We're in an uptrend on better sine wave. We just haven't got through you know the trailing stop on better pro am uh there. So, let's wait and see, but uh I'm positive in terms of

the market having another go at 7,700, but uh does it have the makings of it quite yet?

Uh with professionals coming on lows on the tip bar chart? No. So, uh let's wait and see. So, there we go. E-mini charts

and see. So, there we go. E-mini charts

done. So, let's have a look at the other futures markets order of interest uh down here. So, the first one is crude.

down here. So, the first one is crude.

So, uh this is where we had the announcement of potential of the end of the war uh and crude starts to drop off. We're

in a downtrend on crude. And

interestingly, last time blue professional bars came in, they were on the retrace at 78. I thought 80 might hold for a while cuz we had blue professional bars come in here, but no, we didn't even get close to the trailing

stop. Rambo patterns into these lows and

stop. Rambo patterns into these lows and we're bouncing off there, but that was blue professional bars happening on the retrace here, not on the way down here.

So, we're still in the downtrend on crude.

Similar type thing showing on natural gas. So, the last time the professionals

gas. So, the last time the professionals were in on natural gas, up bars here.

Big pro bars into those highs, this week's activity, that's the beginning of the week. Uh Rambo patterns, they get it

the week. Uh Rambo patterns, they get it all wrong at 3:30, bang, we fall off. We

test back into 325, big pro bars coming again. We just need to drop through 315

again. We just need to drop through 315 there and we'll be in a continuation of that confirmed downtrend on natural gas.

So, all of that is saying, you know, the problem's solved in the Middle East. Uh

Bitcoin, Bitcoin's just having a little bit of a think uh about this rally. So,

super bullish on Bitcoin at 60. Down

here, big pro bars stepped in 2 weeks ago. They tested here.

ago. They tested here.

Blue professional bars step in stair step trade just under 62. Super

important. Then this week's activity, we didn't have any blue professional bars.

Pretty boring. Got up to 67. Amateur

bars up those highs and we've dropped off from there. But this weekend's activity, because Bitcoin is open on the weekend, big pro bars stepping in here at 64. The rally getting going. Signs of

at 64. The rally getting going. Signs of

strength here. So, the low at 60, test at just under 62, and then at 64 looks like they're interested in getting this thing going. So, Bitcoin's looking good.

thing going. So, Bitcoin's looking good.

Ethereum, similar type thing happening on Ethereum. Again, 2 weeks ago the big

on Ethereum. Again, 2 weeks ago the big pro bars came in at 1550. Test with Rambo Rambo patterns.

at 1550. Test with Rambo Rambo patterns.

The blue professional bars take off.

Don't go anywhere to 1850, but there's no blue professional bars taking profits at the high. So, now we've come back into that zone at 1700. We're just

testing there, bouncing off there. We

just need to get this thing going through 1750, 1800, and we'll be away on Ethereum. So, think the cryptos are

Ethereum. So, think the cryptos are looking interesting. Also, gold.

looking interesting. Also, gold.

Of all the charts this week, gold has the one with the most big pro bars come in.

Now, 13,500 tick bar chart, we've been in a downtrend on gold and we're finally putting in pullback to end of trend on the highest time frame. So, we bounced off these end of trends down here, but

then we've still got to complete the move. The pullback to end of trend on

move. The pullback to end of trend on the highest time frame has to be put in. Pullback to

end of trend, and that's what we're doing, testing down here to 4100. So,

it's not ready to pop yet until cyclically we've got rid of that energy.

But here's all the big pro bars. Yep,

they sold it down at 44.

And they're selling it down here. So,

the professionals are definitely selling at 4400 here. Bang.

But, are they picking it up down here at 4150?

Not much of a move, but exhaustion sell?

No, these are all flush patterns happening at the moment. Uh there's no blue professional bars on the lows here, which I would like to see. But, let's

let's wait and see. That's a lot of blue professional bars, big pro bars come in.

So, something's happening on gold. It's

definitely in a downtrend at the moment.

Uh but, let's see if it completes that move, pull back to end of trend, uh and we get exhaustion patterns down here. Does that start to rally this

here. Does that start to rally this week? Uh silver, we're seeing a similar

week? Uh silver, we're seeing a similar thing. Well, we're testing. So,

thing. Well, we're testing. So,

cyclically again, we're putting pull back to end of trend on the highest time frame. So, that, as we're coming in to

frame. So, that, as we're coming in to test this 64 uh level down here, is not ready yet. Uh and then into these lows

ready yet. Uh and then into these lows being led by the amateurs with rambo patterns, we had our big pro bars on this leg down, and we're just testing and testing. So, it's not ready yet. Uh

and testing. So, it's not ready yet. Uh

we haven't seen blue professional bars at the lows on either of those uh patterns.

Um but, we've got that big pull back to end of trend to put in on the highest time frame. Is that going to uh signal a

time frame. Is that going to uh signal a low on gold and silver? Wait and see.

10 years, boring and in a downtrend. So,

into these highs, no blue professional bars but just got no conviction to last us through.

Um this week we had blue professional bars at the highs here. We've sold off, backgrounds in gray. We're in a downtrend on uh 10 years. So, that's not looking good.

Um euro, now, I was super bullish on euro uh last week just because of the higher time frame charts. And all

of the forex markets this week went the other way. USD was strong, and this is

other way. USD was strong, and this is what happened. So, into those highs,

what happened. So, into those highs, rambo pattern at 1660.

Uh blue professional drop bars selling it down. Backgrounds in gray, we're in a

it down. Backgrounds in gray, we're in a downtrend, but we put in exhaustion selling bullish divergence. Some blue

professional bars down here at the lows, but it's not called yet. So, euro

still heading down. Uh British pound, we've got Kier Starmer maybe about to resign on Monday. Let us wait and see.

Last time we had blue professional bars into the highs uh here just rolled over Rambo broken into a downtrend. Blue

professional bars, few of them starting to pick it up at the lows there on British pound.

Aussie dollar, Aussie dollar thinks looking better, yeah.

So, cyclical patterns here. Now, this is a completed move. So, we broke into a big downtrend on the highest time frame because we broke support on the highest time frame here. Bang, big things happen at triples.

Uh we have a left shoulder being made by pullback to end of trend on you know, the lowest time frame, and then we put in pullback to end of trend on the intermediate time frame, and now we're putting in pullback to end of trend on

the highest time frame. Got a little confluence there going on. We've got the highest time frame, the intermediate time frame as well. A lot of cyclical support coming in here on Aussie dollar.

So, that's interesting. What about the professionals? What are they up to?

professionals? What are they up to?

Well, the end of last week's they got interested and they bought it up. Got us

going out of this uh move breaking up through 70 here. They didn't take profits at the highs. Some amateur bars testing into those highs. And we've come

back into that whole breakout zone, but no blue professional bars yet.

So, I don't know. Uh we'll wait and see.

This is important uh at this 69 75 80 type level down here. They were

definitely interested last time. This

has to hold. So, let's see if we get blue professional bars coming in here.

We get a rally in the Aussie dollar.

Japanese yen, what did they do? They

tinkered with rates again, I think this last week. Just can't catch a break.

last week. Just can't catch a break.

Yet, we had big pro bars last week and we had a race away move, but then the big pro bars with exhaustion by just took profits and just sold off again and we're back breaking into a downtrend.

Bang bang bang.

Blue professional bars at the low, exhaustion sell. Interesting blue

exhaustion sell. Interesting blue professional bars on a stair step trade.

But, we got to get through 6260 uh here on Japanese yen. Uh just this huge downtrend that we're putting in to go back to end of trend on the highest time frame.

Anyway, good for people traveling to Japan, I suppose.

And lastly, the ags. So, here's corn.

Uh not very interesting at the moment.

Uh big pro bars coming last week. Bang.

Test with the Rambo pattern. Broken into

an uptrend. Got a signal. Well, let's

get through, you know, 430 to prove that we're in an uptrend on corn. Uh soybeans

this week signaled. So, big pro bars couple of weeks ago, then we test.

Finally got exhaustion sell. Break into

an uptrend. We got a uh breakaway move and then we come back down to stair step. Blue professional

bars step in on that. So, let's see if that 1128 1130 uh level gets broken on soybeans for an uptrend there. And wheat. Yeah,

they're interested in wheat here. So,

they didn't get interested on the way down, but then on the retrace, big pro bars step in here.

Backgrounds in red in an uptrend taking some profits here. Interesting. 624 get

back up into an uptrend on wheat. Quite

nicely downtrend on wheat. Let's see if the ags get a little bit interesting this week and might race away. So, for

me, highest priority is cryptos, the Bitcoin and Ethereum to see where they go. It's too early for gold and silver,

go. It's too early for gold and silver, but let's wait as this plays out over the week. That's interesting. And

the week. That's interesting. And

continuation of downtrend in uh crude and natural gas. And we need equities to to bite to hold at some point on 13,500.

Some blue special bars to come in uh and to confirm that uh this is going to have another look at uh 7700.

So, there we go. Some thoughts on uh the futures markets this weekend. Do hope

your trading is going well. Looking

forward to Monday.

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