A shortened Juneteenth week, but the order flow still picked a side. This is the 21 June 2026 entry in the Weekly Futures Market Recap series, where I walk through 15 of the largest futures markets and show you exactly where the Professionals are stepping in and where the Amateurs are getting trapped. The headline this week: Emini 7700 Next? Pros Bought the Dip, Not the Rip.
TL;DR – This Week’s 3 Calls
- Cryptos are the priority. Bitcoin printed a Big Pro Bar at $64K this weekend after Amateurs chased it to $67K and dumped. The $60K low, $62K test and $64K step-in say the Pros want this rally going.
- Emini is coiling, not broken. Blue Professional bars came in on the dip to close Monday’s gap, building what looks like a gathering pattern under the highs. Need above 7594 and some Pro bars at the lows on the 13,500 tick bar to confirm another run at 7700.
- Metals not ready yet. Gold has the most Big Pro Bars of any chart, but they are selling at 4400 and there are still no blue Professional bars at the 4100 lows. Both Gold and Silver are only now putting in pullback to end of trend on the highest time frame.
Macro Setup This Week
This was a retracement week on a holiday-shortened calendar, with the futures markets shut Friday for Juneteenth. Equities gapped up Sunday into Monday, then gradually closed that gap and fell back to test lower. The driver was some good news out of the Middle East and the potential end of the war, though nobody seems to have much confidence in it yet, so the market is in wait-and-see mode. That news pulled the energy markets lower, with Crude and Natural Gas both extending their downtrends. In forex, the US Dollar was strong all week, sending the Euro, Pound, Aussie and Yen the other way to last week’s bullish read.
Market-by-Market Breakdown
ES – Emini S&P 500 Futures: Gathering Pattern Under the Highs
Daily chart: Two down bars on the retrace with blue Professional bars stepping in and the trailing stop trailed up. The up bars into the recent highs had no Professional bars; the blue Professional bars showed up on the way down, closing Monday’s gap. This is a pullback in an uptrend, and I am not worried about it. 135-minute: Rambo pattern at the high, then blue Professional bars stepped in on the dip, trailing stop trailing up, building a pullback to end of trend. I am watching for a gathering pattern: blue Professional bars sitting under a previous high, where the Pros buy weakness before blasting out of the channel. 45-minute: Sign of strength on the last bar Thursday on the highest time frame. 15-minute: A squeeze on Better Sine Wave with support, resistance and price super tight; need above the 7594 level to break into a new uptrend toward 7700. 13,500 tick bar: Still technically in the downtrend, background gray, no blue Professional bars at the lows yet. We may see some weakness first before pushing through the trailing stop on Better Pro Am. These are the kinds of reads I get from the Better Trading Indicators on every chart. Low needs to hold Monday and Tuesday for the bullish case.
CL – Crude Oil Futures: Downtrend Continues on War News
Crude dropped on the announcement of a potential end to the war and stayed in its downtrend. Last time, blue Professional bars came in on the retrace near 78 and I thought 80 might hold, but we did not get close to the trailing stop. Rambo patterns into the lows gave a bounce, but the blue Professional bars were on the retrace, not on the way down. Still a downtrend on Crude.
NG – Natural Gas Futures: Big Pro Bars Fade at the Highs
Natural Gas is showing a similar picture. The last time the Professionals were active was on up bars with Big Pro Bars into the highs. This week the Rambo patterns got it wrong at 3.30 and we fell off, tested back into 3.25 with Big Pro Bars again. We just need to drop through 3.15 to continue the confirmed downtrend. Like Crude, this reads as the Middle East problem being solved.
BTC – Bitcoin Futures: Big Pro Bar Steps In at $64K
Bitcoin is just having a think about this rally, and I am super bullish. A Big Pro Bar stepped in at $60K two weeks ago, then blue Professional bars on a stair step trade just under $62K, super important. This week was boring with no Professional bars, getting up to $67K on Amateur bars before dropping off. But this weekend, with Bitcoin open, a Big Pro Bar stepped in at $64K and the rally is getting going. The $60K low, the $62K test and the $64K step-in all say the Pros are interested. Bitcoin is looking good.
ETH – Ethereum Futures: Testing 1700, Needs 1750-1800
Ethereum is a similar story. Big Pro Bars came in at 1550 two weeks ago, we tested with Rambo patterns, the blue Professional bars took off but did not get anywhere near 1850, and there were no blue Professional bars taking profits at the high. Now we have come back into the 1700 zone, testing and bouncing. We just need to push through 1750 and 1800 and Ethereum is away. The cryptos are looking interesting.
GC – Gold Futures: Pros Selling 4400, Pullback to End of Trend
Of all the charts this week, Gold has the most Big Pro Bars. On the 13,500 tick bar we have been in a downtrend and are finally putting in pullback to end of trend on the highest time frame, testing down to 4100. The Professionals are definitely selling at 4400, but are they picking it up at 4150? Not much of a move, and these look like flush patterns with no blue Professional bars at the lows, which I would want to see. Something is happening on Gold, but it is not ready to pop until it works off that cyclical energy.
SI – Silver Futures: Not Ready, No Pro Bars at the Lows
Silver is telling the same story. Cyclically it is putting in pullback to end of trend on the highest time frame, so the test into the 64 level is not ready yet. Into the lows we were led by the Amateurs with Rambo patterns, and the Big Pro Bars came on the leg down. We have not seen blue Professional bars at the lows on either pattern. Is that big highest-time-frame pullback going to signal a low on Gold and Silver? Wait and see.
ZN – 10-Year Notes Futures: No Conviction, Still a Downtrend
The 10-Year Notes are boring and in a downtrend. Into the highs there were no blue Professional bars and no conviction to blast through. This week we had blue Professional bars at the highs, then sold off with the background in gray. Still a downtrend on the 10-Year, and that is not looking good.
6E – Euro Futures: USD Strong, Still Heading Down
I was super bullish on the Euro last week on the higher time frame charts, but all the forex markets went the other way as the US Dollar turned strong. Into the highs a Rambo pattern around 1.1660 gave way to blue Professional down bars selling it lower, background gray in a downtrend. We put in exhaustion sell and bullish divergence with some blue Professional bars at the lows, but it is not caught yet. Euro is still heading down.
6B – British Pound Futures: Rolled Over, Pros Nibbling the Lows
The British Pound has political risk, with Keir Starmer maybe about to resign on Monday. Last time we had blue Professional bars into the highs that just rolled over, a Rambo break into a downtrend. Now there are a few blue Professional bars starting to pick it up at the lows. Wait and see.
6A – Aussie Dollar Futures: Triple Confluence, 0.6975 Must Hold
The Aussie Dollar is looking better. This is a completed move: we broke a big downtrend on the highest time frame by breaking support, and big things happen at triples. There is a left shoulder from pullback to end of trend on the lowest time frame, then the intermediate, and now the highest time frame all lining up, so there is a lot of cyclical support here. The Professionals bought it up through 0.70 late last week but did not take profits at the highs, and we have come back into the breakout zone with no blue Professional bars yet. The 0.6975-80 level must hold; if the Pros step back in, we get a rally.
6J – Japanese Yen Futures: Pros Took Profits, Downtrend Resumes
The Japanese Yen just cannot catch a break after rates were tinkered with again. We had Big Pro Bars last week and a race-away move, but the Big Pro Bars with an exhaustion bar took profits and sold off, breaking into a downtrend. There are blue Professional bars at the low with exhaustion sell on a stair step trade, but we have to get through 62.60 first. This is a huge downtrend putting in pullback to end of trend on the highest time frame. Good for anyone travelling to Japan.
ZC – Corn Futures: Signal Long, Need 430 to Confirm
Corn is not very interesting yet. Big Pro Bars came in last week, we tested with a Rambo pattern and broke into an uptrend with a signal. We need to get through 430 to prove we are in an uptrend on Corn.
ZS – Soybeans Futures: Stair Step, Watch 1128
Soybeans signaled this week. Big Pro Bars a couple of weeks ago, then a test, an exhaustion sell, a break into an uptrend and a breakaway move. We have come back down to a stair step where blue Professional bars stepped in. Watch the 1128-1130 level to break for the uptrend to continue.
ZW – Wheat Futures: Big Pro Bars on the Retrace
The Professionals are interested in Wheat. They did not get involved on the way down, but on the retrace the Big Pro Bars stepped in, with the background red in an uptrend and some profit taking here. We need 624 to get back up into an uptrend on Wheat. For now it is still a downtrend, so let’s see if the ags get interesting and race away this week.
Pattern of the Week: Big Pro Bars Buying the Dip
The cleanest teaching moment this week was Bitcoin. The Amateurs chased it up to $67K and got stuck, then dumped. The Professionals did the opposite, stepping in with a Big Pro Bar at $64K right where the rally needs support. Same behaviour showed up on the Emini, where blue Professional bars appeared on the way down to close the gap, not on the rip into the highs. That is the whole game: Follow the Professionals, Fade the Amateurs. When the big bars print into weakness, the smart money is positioning for the next move, not panicking at the top.
Looking Ahead to the Week of 22 June 2026
Highest priority is the cryptos: watch Bitcoin and Ethereum to see if the Pros carry them higher. It is too early for Gold and Silver, so let that play out. Expect continuation of the downtrend in Crude and Natural Gas. And keep an eye on the Emini at the 13,500 tick bar: we need that low to hold and some blue Professional bars to come in to confirm another look at 7700.
Full Transcript (click to expand)
Full transcript of the video above, cleaned for readability.
Intro (00:00): Saturday 20 June 2026, just gone 10:57 PM Chicago time. It is the weekend, so time for another weekend futures market recap covering 15 of the largest futures markets. It was a shortened week with Juneteenth on Friday, so the markets were shut, and the whole week felt like a retracement. We had a gap up on Sunday and gradually closed that gap on equities, falling back to test lower. Good news out of the Middle East, but nobody has much confidence in it yet, so we are in wait and see. I still think blast off is going to happen, and I will show you why on the Emini chart.
Emini Daily (00:58): Emini chart first, daily down to the 15-minute and the 13,500 tick bar. Nice blue bars showing up. On the retrace, the daily chart has two down bars and we have trailed our stop up. That means the Professionals were getting active on the retrace, cyclical support on the lowest time frame, a pullback in an uptrend. Not worried, because the up bars into the recent highs did not have blue Professional bars; the blue Professional bars happened on the way down, closing Monday’s gap, and the trailing stop is being trailed up.
Emini 135-Minute (01:53): More detail. Rambo patterns at the high, then on the dip the blue Professional bars stepped in. There is the gap up on Monday, Amateur down bars, trailing stop up, holding, building a pullback to end of trend. I am wondering if this is a gathering pattern: blue Professional bars underneath a previous high, where the Professionals take the opportunity to buy the dips and use any weakness to jump in before blasting out of a channel into a strong trend. We find out Monday and Tuesday. That low needs to hold and the trailing support on Better Pro Am needs to hold.
Emini 45-Minute (02:57): A bit more detail. The previous week is where all the blue Professional bars came in. I said this is going to be the summer of risk on, and the market gapped up Sunday into Monday. Amateurs chasing the move, then we closed the gap and it held, with a little strength on the last bar Thursday, a sign of strength on the highest time frame. Let’s get through this recent high and start testing into 7700.
Emini 15-Minute (03:37): Beginnings and ends of the week are marked by solid vertical yellow lines. The previous week is where the blue Professional bars stepped in, the gap up led by the Amateurs, then the blue Professional bars stepped in to close that gap between Friday close and Monday open. We have a squeeze pattern, support and resistance and price super close together. On Better Sine Wave, really tight signs of strength. We need above the 7594 level to break into another uptrend and look at 7700.
Emini 13,500 Tick Bar (04:29): Last week’s activity had blue Professional bars at the lows. The only fly in the ointment was no Big Pro Bars in the background. We had exhaustion sell, bullish divergence and a bunch of blue Professional bars. The surprise Monday was a Big Pro Bar coming in, with blue compression bars at the highs, an exhaustion buy, then a drop into the lows. We have not seen blue Professional bars at the lows yet, so there could be weakness first before coming up through the trailing stop on Better Pro Am. Technically still in the downtrend, background gray. Cyclically we are making pullback to end of trend on the highest time frame; the bars are red and we are in an uptrend on Better Sine Wave, just not through the trailing stop on Better Pro Am. Positive on another go at 7700, but not the makings of it quite yet.
Crude (05:42): This is where the potential end of the war was announced and Crude dropped off. We are in a downtrend. Last time blue Professional bars came in on the retrace at 78, and I thought 80 might hold, but we did not get close to the trailing stop. Rambo patterns into the lows gave a bounce, but those blue Professional bars were on the retrace, not on the way down. Still in the downtrend on Crude.
Natural Gas (07:11): Similar thing. The last time the Professionals were in was up bars with Big Pro Bars into the highs. This week the Rambo patterns got it wrong at 3.30, we fell off, tested back into 3.25 with Big Pro Bars again. We just need to drop through 3.15 to continue the confirmed downtrend. All of that says the Middle East problem is solved.
Bitcoin (07:43): Bitcoin is having a think about this rally. Super bullish at $60K, where a Big Pro Bar stepped in two weeks ago. They tested, blue Professional bars stepped in on a stair step trade just under $62K, super important. This week was boring with no blue Professional bars, up to $67K on Amateur bars, then dropped off. This weekend, because Bitcoin is open, a Big Pro Bar stepped in at $64K and the rally is getting going. The low at $60K, the test just under $62K and the $64K step-in say they want this going. Bitcoin is looking good.
Ethereum (08:23): Similar thing. Two weeks ago the Big Pro Bars came in at 1550. We tested with Rambo patterns, the blue Professional bars took off but did not get anywhere near 1850, and there were no blue Professional bars taking profits at the high. Now we have come back into the 1700 zone, testing and bouncing. We just need to get through 1750 and 1800 and Ethereum is away. The cryptos look interesting.
Gold (08:55): Of all the charts this week, Gold has the most Big Pro Bars. On the 13,500 tick bar we have been in a downtrend and are finally putting in pullback to end of trend on the highest time frame, testing down to 4100. It is not ready to pop until we get rid of that cyclical energy. The Big Pro Bars sold it down at 4400 and they are selling here, so the Professionals are definitely selling at 4400. Are they picking it up at 4150? Not much of a move, and these are flush patterns with no blue Professional bars at the lows, which I would like to see. Something is happening on Gold, but it needs to complete that move.
Silver (10:13): Similar, we are testing. Cyclically we are putting in pullback to end of trend on the highest time frame, so the test into the 64 level is not ready yet. Into the lows led by the Amateurs with Rambo patterns, with Big Pro Bars on the leg down. We have not seen blue Professional bars at the lows on either pattern, but we have that big highest-time-frame pullback. Is that going to signal a low on Gold and Silver? Wait and see.
10-Year Notes (10:53): Boring and in a downtrend. Into the highs no blue Professional bars and no conviction to blast through. This week blue Professional bars at the highs, then sold off, background gray. We are in a downtrend on the 10-Year, not looking good.
Euro (11:11): I was super bullish on Euro last week on the higher time frame charts, but all the forex markets went the other way this week as the USD was strong. Into the highs a Rambo pattern at 1.1660, blue Professional down bars selling it down, background gray in a downtrend. We put in exhaustion sell and bullish divergence with some blue Professional bars at the lows, but it is not caught yet. Euro still heading down.
British Pound (11:48): Keir Starmer maybe about to resign on Monday, wait and see. Last time blue Professional bars into the highs just rolled over, a Rambo break into a downtrend. A few blue Professional bars starting to pick it up at the lows on the Pound.
Aussie Dollar (12:10): Looking better. This is a completed move: we broke into a big downtrend on the highest time frame because we broke support there. Big things happen at triples. A left shoulder from pullback to end of trend on the lowest time frame, then the intermediate, and now the highest time frame, with a lot of cyclical support. The Professionals got interested late last week and bought it up through 0.70, did not take profits at the highs, and we have come back into the breakout zone with no blue Professional bars yet. The 0.6975-80 level must hold; if they step in, we get a rally.
Japanese Yen (13:24): They tinkered with rates again and the Yen cannot catch a break. Big Pro Bars last week and a race-away move, but the Big Pro Bars with an exhaustion bar took profits and sold off, breaking into a downtrend. Blue Professional bars at the low, exhaustion sell on a stair step trade, but we have to get through 62.60. A huge downtrend putting in pullback to end of trend on the highest time frame. Good for people travelling to Japan.
Corn (14:04): Lastly the ags. Corn is not very interesting. Big Pro Bars came in last week, tested with a Rambo pattern, broke into an uptrend with a signal. Let’s get through 430 to prove we are in an uptrend on Corn.
Soybeans (14:19): Signaled this week. Big Pro Bars a couple of weeks ago, then we tested, got exhaustion sell, broke into an uptrend, a breakaway move, then came back down to a stair step where blue Professional bars stepped in. See if the 1128-1130 level breaks for the uptrend.
Wheat (14:47): They are interested in Wheat. They did not get interested on the way down, but on the retrace the Big Pro Bars stepped in, background red in an uptrend, taking some profits. 624 to get back into an uptrend on Wheat. Still a downtrend for now. Let’s see if the ags get interesting and race away this week.
The Week Ahead (15:06): Highest priority is the cryptos, Bitcoin and Ethereum, to see where they go. Too early for Gold and Silver, so wait. Continuation of the downtrend in Crude and Natural Gas. And we need equities to hold at the 13,500 tick bar with some blue Professional bars to confirm another look at 7700. Hope your trading is going well, looking forward to Monday.
Want These Calls With the Indicators I Use on the Charts?
Every read in this recap, the blue Professional bars, Big Pro Bars, exhaustion signals and pullback to end of trend patterns, comes straight off my charts using the Better Trading Indicators. They show you where the Professionals are buying and selling in real time so you can Follow the Professionals and Fade the Amateurs. Get them on your charts and trade with the smart money, not against it.
