Follow the Professionals, Fade the Amateurs. This is the 31 May 2026 entry in the Weekly Futures Market Recap series. Gold delivered the cleanest Pro signal of the week, with Big Pro Bars stepping in at 4400 and a confirmed signal long. Meanwhile, Emini pushed into 7600 on Amateur-driven RAMBO patterns – and Big Pro Bars showed up on the way up, suggesting the Pros are already taking profits at the highs. Across 15 futures markets this week, only a handful are showing real Pro confirmation. Here is the full breakdown.
TL;DR – This Week’s 3 Calls
- Gold: Signal long triggered at 4400 with Big Pro Bars and bullish divergence. The cleanest setup of the week – no Pro profit-taking yet.
- Emini: Watch 7575 on the 15-minute. RAMBO patterns at 7600 with Big Pro Bars exiting on the way up suggest weakness building. Trailing stop on the 15-minute is miles away.
- 10-Year Bonds: Breaking into uptrend with Big Pro Bars two weeks ago and bullish divergence – rates coming down, inflation cooling.
Macro Setup This Week
The week’s macro picture lines up: Gold breaking out, 10-Year Bonds breaking into an uptrend, and Crude gapping down hard on Sunday’s open. That combination tells a coherent story – softer rates, softer growth expectations, softer dollar. The wrinkle is the Emini still printing all-time-area highs, but the internals are weakening. Big Pro Bars are now showing up on the way UP into 7600, which is profit-taking behaviour, not accumulation. The Amateur bars (RAMBO patterns) are doing the work of pushing the highs. That is the classic distribution structure – not a top call yet, but a flag to watch for confirmation.
Market-by-Market Breakdown
ES – Emini S&P 500 Futures: Pros Exiting at 7600
Daily chart: Nothing on Better Pro Am for weeks. The last signal was an exhaustion pattern with blue Professional bars at the lows that launched this uptrend. Cyclically overdone with a pullback to end of trend on the intermediate timeframe. 135-minute: First activity in a while – RAMBO patterns pushing into 7600. Amateur-driven, no blue Professional bars yet. Potential sign of weakness but not a reversal signal until blue Pros confirm. 45-minute: Same story at the highs. Blue Professional bars stepped in at 7400 on the last weakness, pushed up to highs, then all RAMBO patterns into the top. Overdone cyclically. 15-minute: Exhaustion buy with bearish divergence and RAMBO patterns – all the buying at the highs is Amateur-driven. Key level: 7575 (the low of the sequence). A break below opens the door to weakness. 13,500 tick bar: Big Pro Bars stepped in on the dip last week, then again on the way up to 7600 – which is the tell. Pros are taking profits at 7600, not adding. Trailing stops on the higher timeframes are miles away, so a pullback here is an opportunity to sell down and pick it up for another push if blue Professional bars come in on the 15-minute. Charting this with the Better Trading Indicators makes the Pro/Am divergence at the highs unmissable.
CL – Crude Oil Futures: Gap Down and Stair Step Lower
Last weekend I was unconvinced of the downtrend on Crude because the Big Pro Bars and blue Professional bars weren’t in the classic textbook short order. Sunday open gapped down hard. We then got a stair step trade – first Pro activity after the downtrend was selling, taking it down to the lows in the 86s. Now we have exhaustion sell, bullish divergence, and a couple of blue Professional bars on the lows – but nothing convincing at the bottom yet. Watching for Big Pro Bars to step in. If they do and we break into an uptrend above 92, that signals Middle East tension is back on. Until then, no proper long signal.
NG – Natural Gas Futures: Pros Forced It Back Up at 3.10
I thought Natural Gas was selling off into last weekend’s close. Instead we got exhaustion sell with blue Professional bars on the retrace, but the Pros picked it up at 3.10 and forced it back up. Now making RAMBO patterns with blue Professional bars at 3.35. Technically still in an uptrend (background in red). Watching for Big Pro Bars to step in for a short signal.
ZN – 10-Year Bond Futures: Breaking Into Uptrend
Clean signal developing on the 10-Year. Big Pro Bars stepped in two weeks ago, then we tested with exhaustion sell and bullish divergence. Background now in red – breaking into uptrend. That suggests rates are coming down and, by extension, inflation is cooling. One of the cleaner setups outside of Gold this week.
6J – Japanese Yen Futures: Big Pro Bars at the Lows
We have been waiting for the low to come in on the Yen. Last weekend had Big Pro Bars but it never triggered. Right at the lows now we have RAMBO patterns and blue Professional bars stepping in. Watching for an uptrend trigger above the 63-and-change level this week.
GC – Gold Futures: Signal Long at 4400
The chart of the week. Exhaustion sells at 4400 on Gold, Big Pro Bars stepped in, bullish divergence, signal long triggered, breaking into uptrend. No blue Professional bars taking profits yet – background still in red. This is what a textbook Pro accumulation looks like. Most interesting chart on the desk this week.
SI – Silver Futures: Run Over at 90
Big Pro Bars came in at 88, then again into the 90 high – clear sign of weakness, sold off, signal short triggered. Couple of blue Professional bars at the lows but no exhaustion sell yet. Silver and Gold are diverging – I think Silver’s run to 130 is over for at least a few months. Gold can still push to new highs on the higher timeframes, but Silver looks done.
BTC – Bitcoin Futures: Weaker Signal Long at 72.5K
Crypto world is concerned about Bitcoin‘s weakness. Last Big Pro Bars were at $82K, and they sold it down. No blue Professional bars on the way down, but at $72.5K we got some blue Professional bars – not Big Pro Bars – and a signal long. Sign of strength but not the cleanest. Would prefer to see Big Pro Bars confirm before getting excited. Weaker than the Gold signal.
ETH – Ethereum Futures: Bullish Divergence Setup
Stronger than Bitcoin here. Ethereum has Big Pro Bars at the lows, exhaustion sell, blue Professional bars, and bullish divergence at 2000. Starting to rally. No signal yet but a break above 2050-2100 triggers the uptrend.
6E – Euro Futures: Messy and Choppy
The Euro was backwards and forwards this week. A whole bunch of Big Pro Bars in here. Rallied a little but it’s messy. No clean setup.
6B – British Pound Futures: No Pro Activity
Messy week. No Big Pro Bars stepping in. Nothing to do here.
6A – Aussie Dollar Futures: Watch Below .7100
Some blue Professional bars taking profits at .7200. May need to see a proper exhaustion pattern with Big Pro Bars below .7100 before any real setup develops.
ZC – Corn Futures: Stair Step Trade Failed
Last week I thought Corn would hold – Big Pro Bars came in and looked like a stair step rally setup off the 456 level. It failed and kept going. Still in a downtrend.
ZS – Soybeans Futures: RAMBO Patterns Unconvincing
Big Pro Bars came in, raced away, then lost it. Not many blue Professional bars at the lows – the activity happened on the retrace, not on the way down. RAMBO patterns at the moment but not convincing.
ZW – Wheat Futures: Continues Down to 680
Big Pro Bars came into the 680 high on Wheat, sold off, came back, blue Professional bars on the retrace, another move down. Some Big Pro Bars starting to appear with exhaustion sell and bullish divergence. Watching to see if Wheat can hold down here. Want to see a mirror image of the topping structure before getting interested on the long side.
Pattern of the Week: Big Pro Bars on the Way Up at 7600
The most teachable moment this week was on the Emini 13,500 tick bar chart. Big Pro Bars stepped in on the dip – that’s accumulation, you want to see that. But then Big Pro Bars showed up AGAIN on the way up into 7600. That second appearance is the tell. When the Pros bought the dip cheap and then start showing up at the highs, they are not adding to longs – they are happy sellers taking profits to the Amateurs (who are providing the buying with RAMBO patterns). This is textbook distribution structure. Follow the Pros, Fade the Amateurs – it means recognising that Pro activity at the highs of an extended move means something different than Pro activity at the lows of a selloff.
Looking Ahead to the Week of 1 June 2026
Gold is the trade I am watching most closely – any continuation of the signal long without Pro profit-taking puts a meaningful run on the table. On Emini, 7575 on the 15-minute is the breakdown trigger. If Crude can hold and start to base around 92, we get a tradable long there too. 10-Year Bonds continuing into the uptrend reinforces the macro shift narrative. Watching to see if Big Pro Bars step into Wheat to confirm the bottom.
Full Transcript (click to expand)
Full transcript of the video above, cleaned for readability.
Intro (00:00): Sunday 31 May 2026 video, just gone midnight Chicago time. Time for another weekend futures market recap covering 15 of the largest futures markets. Travelling the last several weeks – this last week from Sydney up to Noosa in Queensland, stopped off in Byron Bay and surfed some dirty water, picked up a bit of a bug. But winter surfing season up here in Noosa, a lovely little swell running, offshore breezes, 22 degrees centigrade.
Emini Daily Chart (01:13): Looking for weakness at these highs – momentum patterns, blue Professional bars, Amateur bars or RAMBO patterns to show things slowing down. Daily timeframe day session only: Better Pro Am shows nothing for weeks. Last signal was an exhaustion pattern with blue Professional bars at the lows that launched this uptrend. Cyclically overdone with pullback to end of trend on the intermediate timeframe.
Emini 135-Minute (01:58): First activity in a while – this week’s push into 7600 highs printing RAMBO patterns. Market driven by Amateurs at the highs, potential sign of weakness. For a real reversal, need RAMBO patterns combined with blue Professional bars – currently only RAMBO patterns, no blue Pros. Trailing stop on Better Pro Am miles away. Overcooked cyclically.
Emini 45-Minute (02:59): Same story at the highs. Last weakness saw blue Professional bars step in at 7400, held, pushed up to highs, then all RAMBO patterns into the top. No exhaustion pattern on this timeframe but overdone cyclically.
Emini 15-Minute (03:20): Last week’s selloff saw blue Professional bars at the 7365 lows, broke into uptrend with squeeze patterns. Now exhaustion buy, bearish divergence, RAMBO patterns – all the buying at the highs is Amateur-driven, Amateurs potentially wrong-footed. Low of the sequence: 7575. A break of that level would be important. No blue Professional bars yet. Either weakness first with Pros stepping in to push us back to highs, or break to new highs with Pros confirming on the rise.
Emini 13,500 Tick Bar (05:10): No Big Pro Bars for a while. Last week bounced off lows with squeeze patterns – cyclical patterns holding at the lows. This week’s activity: Big Pro Bars stepping in on the way DOWN on the little weakness (buying the dip), then on the way UP under 7600 with exhaustion buy, bearish divergence and blue Professional bars. Pros bought the dip cheap then got happy selling at 7600. Stop is close – could easily break the 13,500 signal into a small downtrend. First Big Pro activity for a while, on retrace then on extension into highs – super important. Opportunity to sell down and pick it up for another push if blue Pros confirm on the 15-minute.
Crude (07:06): Last weekend was unconvinced of downtrend – the Big Pro Bars and blue Professional bars were not in the classic textbook short order. Sunday open gapped down, stair step trade lower. First Pro activity after downtrend was selling, took it to the lows in the 86s. Now exhaustion sell, bullish divergence, a couple of blue Professional bars on the lows but nothing convincing in the 86s. Watching for Big Pro Bars – if they step in and break into uptrend above 92, Middle East tension is back.
Natural Gas (08:19): Thought it was selling off into last weekend’s close. Exhaustion sell with blue Professional bars on retrace, but Pros picked it up at 3.10 and forced it back up. Now making RAMBO patterns with blue Professional bars at 3.35. Technically still in an uptrend.
10-Year Bonds (08:55): Nice signal developing. Big Pro Bars two weeks ago, then exhaustion sell with bullish divergence. Background in red, breaking into uptrend. Suggests rates coming down and inflation cooling.
Japanese Yen (09:15): Waiting and waiting for the low. Last weekend had Big Pro Bars that never triggered. Right at the lows now: RAMBO patterns and blue Professional bars. Watching for uptrend trigger above the 63-and-change level this week.
Gold (09:35): Looking interesting. Exhaustion sells at 4400, Big Pro Bars stepped in, bullish divergence, signal long triggered, breaking into uptrend. No blue Professional bars taking profits yet. Background in red. Most interesting chart this week.
Silver (10:00): Last Big Pro Bars were into the 88 highs. Gold and Silver diverging – Silver’s run to 130 looks over, but the Gold run is not over on the higher timeframes. Big Pro Bars came in at 90, signal short, on the way down. Couple of blue Professional bars at the lows but no exhaustion sell. Silver weaker than Gold.
Bitcoin (10:40): Crypto world concerned about Bitcoin’s weakness. Last Big Pro Bars at $82K, sold it down. No blue Professional bars on the way down, but at $72.5K we got some blue Professional bars – not Big Pro Bars – and a signal long. Sign of strength but weaker than Gold. Would like to see Big Pro Bars confirm.
Ethereum (11:08): Better than Bitcoin. Big Pro Bars at the lows, exhaustion sell, blue Professional bars, bullish divergence. 2000 level – starting to rally. No signal yet but break above 2050-2100 triggers uptrend.
Euro (11:31): Backwards and forwards. Some Big Pro Bars. Rallied a little. Messy.
British Pound (11:46): Messy this week. No Big Pro Bars.
Aussie Dollar (11:57): Some blue Professional bars taking profits at .7200. Need to see proper exhaustion with Big Pro Bars below .7100.
Corn (12:10): Thought Corn would hold last week – Big Pro Bars came in, looked like a stair step trade off the 456 level. Failed and kept going. Still in a downtrend.
Soybeans (12:33): Big Pro Bars came in, raced away, lost it. Not many blue Professional bars at the lows – happened on the retrace, not on the way down. RAMBO patterns but not convincing.
Wheat (12:49): Big Pro Bars into the 680 high, sold off, came back, blue Professional bars on retrace, another move down. Some Big Pro Bars starting to come in with exhaustion sell and bullish divergence. Watching to see if Wheat holds. Want a mirror image of the topping structure before getting interested.
Wrap (~13:00): Most interested in Gold this week, then continuation of 10-Year Bonds into uptrend, and watching whether Crude holds and breaks back into uptrend above 92. Looking forward to getting feet under the desk properly this week.
Want These Calls With the Indicators I Use on the Charts?
Every signal in this recap – the Big Pro Bars on Gold at 4400, the RAMBO patterns on the Emini at 7600, the exhaustion sells, the bullish divergences – comes off the same indicator suite. Follow the Professionals, Fade the Amateurs. If you want to see what the Professionals are doing on your own charts in real time, get the Better Trading Indicators.
