This is the 6 September 2026 entry in the Weekly Futures Market Recap series. Friday’s jobs number came in at triple the estimates, everybody is bearish on the economy, and the stock market is inches from new highs. And on the Emini 13,500 tick bar chart the Professionals sold the Friday rally with blue boxes and gave a Signal Short. That contradiction is the week. Follow the Professionals, Fade the Amateurs.
TL;DR - This Week’s 3 Calls
- Emini: still has to resolve lower before the uptrend resumes. The 7700 break I called last week came Sunday into Monday. The bounce that followed ran out of steam with Amateur bars, and Friday’s highs printed blue boxes and Professional profit taking, so the 13,500 tick bar chart is in a downtrend with a Signal Short. The higher timeframes are still bullish. Watch for blue Professional bars to come back in on the way down; that is the low.
- Crude topped just under 92 and Ethereum has to hold 2200 to 2300. Big Pro Bars took profits into the Crude highs and it looks weak; a break of the 88 low puts it in a downtrend. Ethereum is coming off the 2500s and the 2200 to 2300 zone above the 2000 breakout is where the Professionals have to defend it.
- US Dollar strength is back across the currencies. The Euro downtrend from 1.17 is not over, the Pound got the measure of the new UK prime minister and fell out of bed on RAMBO patterns, and the Aussie Dollar was gamed from 71.20 to 72.20 and is set to roll over.
Macro Setup This Week
Friday’s employment numbers came in at triple what the estimates were. Everybody is bearish on the markets and the economy, and yet the stock market is saying all is good, earnings are good, and the Emini is inches away from new highs. The 10-Year is still in a downtrend, which means rates are staying elevated, although this week finally brought the first blue Professional bars of any note on that chart in weeks, into the lows. The US Dollar strengthened against everything: the Euro, the Pound, the Aussie and the Yen all rolled over.
The calendar piece is that this is the first proper week of September, and the Emini has been trading well enough that I spent most of the weekdays on it, which I have not done for a while. Being back in the European time zones makes a difference to watching the charts live. We moved from Provence across to Biarritz on Thursday and will be here until the beginning of January.
Market-by-Market Breakdown
ES - Emini S&P 500 Futures: Pros Sold the Jobs Rally
The Emini sold off early in the week and then bounced, and the question is where it goes from here. My read is still lower in the short term. Daily chart: we have been playing with cyclical support on the Emini for several days, and on the Nasdaq the intermediate timeframe cyclical support has come in. We briefly broke the support on the lowest timeframe and were caught by the cyclical support on the higher timeframe, which is a strong signal. There is a flush pattern flushing out the sellers, and that flush zone should be an interesting support. I think there is a little weakness to come until we properly catch, then a rally to test new highs. 135-minute: squeeze patterns. A squeeze comes from the Better Sine Wave indicator and it is when the support and resistance lines and price are all super close together. We break out of squeezes into trending moves, usually in the direction of the overall trend, although a fake break the other way happens, so watch for it. 45-minute: the same squeezes. At the highs they broke into a downtrend, at the lows they broke out again, and right now the lines are bunching up. We have had triple supports on all three timeframes, and big things happen at triples, big breaks or big bounces. The last signal here was a downtrend, RAMBO patterns at the highs, and nothing to catch us at the lows, no blue Professional bars, no exhaustion patterns, so it is a bit of a quandary. 15-minute: last week we had a U-Turn with blue Professional bars into the highs at 7780, which is why I said look for a break of 7700. We got that Sunday into Monday, gapped down, had an exhaustion buy, continued down, then blue Professional bars came in, we broke above them and moved into an uptrend for the second half of the week, with some Professional profit taking at the end. 13,500 tick bar: this is the killer. Last week we sold it down and kept selling. On the retrace the Big Pro Bars came in with the background in blue, and they were not buying at the lows, where it was RAMBO patterns and excited amateurs. The Professionals shorted the strength and bought the weakness, two different directions. Then we rallied, and at the end of the week a lot of Professional profit taking printed: super high average trade size, blue bars, blue boxes, and a Signal Short. So the 13,500 tick bar chart is in a downtrend while the higher timeframes are still constructive. The uptrend is not over up there because we have not seen blue Professional bars taking profits on those charts, we have just run out of steam with Amateur bars. What I want next is blue Professional bars coming in on the way down, a similar amount to the last time, and then we can rally. This is the timeframe that has to be won over before the others can play out. Every one of those reads comes off the same Better Trading Indicators.
6E - Euro Futures: Downtrend From 1.17 Not Over
The Euro had a super interesting couple of weeks. They were taking profits into the highs at 1.17 with a U-Turn of blue Professional bars and Big Pro Bars, then on every retrace the blue Professional bars got in short. They were not at the lows, they were shorting the retraces, again and again on the way down, with another Big Pro Bar on the latest one. So the Euro is in a downtrend and all of that Big Pro Bar activity has not taken profits on the way out. We have run out of steam with flush patterns down here, but do not be fooled by the current strength. Until we see a similar reversal on the way down, this downtrend is not over. A move from 1.17 to 1.158 is not big enough for the size of position they took. Little rallies are possible in the meantime, but that is a big pattern topped out at 1.17.
6B - British Pound Futures: Amateur Top, RAMBO Channel
The British Pound finally turned around. The market got the measure of the new prime minister in the UK and sold it off, but it was a whimper into the highs, all RAMBO patterns and no blue Professional bars taking profits. Maybe they sold a bit further down, then an exhaustion buy, and it fell out of bed. It is in a downtrend and bouncing off a RAMBO to RAMBO channel, so a lot of amateur activity and not much conviction from Big Pro Bars on this chart.
6A - Aussie Dollar Futures: Gamed From 71.20 to 72.20
The Aussie Dollar went up and down and up and down. I was out at 71.80 into the earlier move, then it went weak and they played the big game: Big Pro Bars came in on the way down at 71.20, we had a Signal Long, and now into the highs the Big Pro Bars are coming in on the way up around 72.20, setting up a reversal. There is no signal yet and the trailing stop has not been broken, but that is profit taking. They bought it at 71.20, pushed it back up to 72.20 to get out and get short, and that is going to roll over.
6J - Japanese Yen Futures: Rolling Over on RAMBO Patterns
The Japanese Yen is starting to roll over too, but from RAMBO patterns rather than Big Pro Bars. Two or three weeks ago the Big Pro Bars came in on the way down, then more blue Professionals, and we got a signal. A couple of weeks ago it did not catch; then more blue Professional bars came in at the end of last week and it did catch, the signal fired and it rallied. On a tick bar chart the wider the week, the more activity going through, and this week was wide. Now RAMBO patterns at the highs, which is amateurs, not conviction.
ZN - 10-Year Note Futures: First Pro Buying in Weeks
Everybody is talking about rates, and the 10-Year finally had some activity. There have been no blue Professional bars of any note on this chart for weeks, but this week they came in at the lows. It was almost on the retrace rather than on the way down, and they have not come back in since. So it is still a downtrend on the 10-Year, which means rates are staying elevated.
GC - Gold Futures: Cascade to 4350 With No Pros
Gold fell out of bed. RAMBO patterns into the beginning of last week, then once it cascaded over it was a big move down to 4350. No blue Professional bars the whole way down, just one little move right at the lows. They bought it at 4350 and cashed that little trade almost immediately. Let us see if it holds, but with no Big Pro Bars on the chart Gold is not particularly interesting right now.
SI - Silver Futures: 64 to 66 Is the Zone
Silver is about the 64 to 66 zone. That is where they bought it on the move out of congestion, and they were not really active at the highs. Some blue Professional bars on the way down, RAMBO patterns after that. The level they were interested in is 64 to 66, so we need blue Professional bars to pick it up in that zone before Silver can go back to test 72.
BTC - Bitcoin Futures: Rejected at 80K Again
Bitcoin had a lovely run into the 80s again and got rejected. First time around it was 81K, then at the end of last week Big Pro Bars came in at the highs, and there was nothing to hold it down below, so it raced straight back into the 80s. More blue Professional bars, an exhaustion buy, and it has rolled over. No signal yet because the local low has not broken, but that is profit taking for the time being.
ETH - Ethereum Futures: 2200 to 2300 Must Hold
Some profit taking on Ethereum too. At the break of 2000 all the Big Pro Bars got the move going, and that whole area now has to be contested and held. We have run out of steam temporarily coming down from the 2500s. The top of that breakout move, 2200 to 2300, is what they need to hold if they were serious about buying it. That is a super important level, so let us see if we get a retracement down to the 2200 to 2300 area this week and the Professionals come back in.
CL - Crude Futures: Pro Profit Taking at 92
Crude is the reverse of last week. Into the lows we had Big Pro Bars, blue boxes and a blue background, then the signal, sign of strength after sign of strength, and the market took off. Now into the highs at 92 we have Big Pro Bars taking profits. It came a little further, ran some stops, and it is looking weak. Let us see if Crude tops out just under 92, breaks the low around 88 and goes into a downtrend. It has not signalled short yet, but that is the mirror image of the setup that started the rally.
HG - Copper Futures: Pro Buying at 655, Signal Long
Copper is setting up. Over the last two or three weeks Big Pro Bars came in at the lows, we tested, bullish divergence came in, and then we came away on RAMBO patterns, led by the amateurs, weak, with not much activity last week, and it fell off. Testing back into those lows at 655, blue Professional bars came in and we have had a signal, plus a couple of squeeze patterns. Copper has been super quiet for a couple of weeks, so let us see if this uptrend breaks into a serious move.
ZC - Corn Futures: Pros Selling It Down
All of the ags started to take profits at the highs. On Corn we have exhaustion buys and the blue Professionals selling it down, a test back up, and it is weaker, so Corn is in a downtrend.
ZS - Soybean Futures: RAMBO Patterns at the Highs
Soybeans are not all over yet. Into the earlier lows the Big Pro Bars came in, so this is a continuation of that, but it has run out of steam with RAMBO patterns at the highs, the same as Wheat. Amateurs at the top, no Professional profit taking to confirm either way.
ZW - Wheat Futures: Squeeze Broke Down, Pros Selling
Wheat is the chart to look at in the ags. RAMBO patterns into the highs, then it fussed around at 784 through a whole bunch of squeeze patterns, and broke out of that with blue Professional bars selling it down. It is continuing down through the lows. There were no blue Professional bars taking profits at the highs, they were selling it down, so let us see if that continues.
Pattern of the Week: Shorting the Strength, Buying the Weakness
The Emini 13,500 tick bar chart gave the teaching moment. As the market sold down last week, the Big Pro Bars did not print at the lows, where the RAMBO patterns showed the amateurs getting excited. They printed on the retraces, with the background in blue, which is the Professionals shorting the strength. Then, on the way down into the lows, they bought the weakness. Two different directions on one chart, and both were right. The finish was Friday: super high average trade size, blue boxes at the highs and a Signal Short, which is Professional profit taking into a rally the jobs number handed them. The lesson is to stop reading the news and read the bars. Follow the Professionals, Fade the Amateurs.
Looking Ahead to the Week of 7 September 2026
Monday is Labor Day in the US, so the Sunday night open and Tuesday’s session carry the tell. The Emini still has to resolve on the way down on the 13,500 tick bar chart, and the thing to watch is where the Big Pro Bars come back in: a similar amount of blue Professional buying to last time, and the higher timeframe uptrend can pick up again to test new highs. Until then, the squeeze patterns on the 135-minute and 45-minute charts say a trending move is coming, and the last signal is short. Crude needs 88 to break to confirm the top under 92, Ethereum needs 2200 to 2300 to hold, and the Aussie Dollar looks ready to roll over from 72.20.
Full Transcript (click to expand)
Full transcript of the video above, cleaned for readability.
Intro (00:00): Saturday 5 September 2026, just gone 5:16am Chicago time. Hope you are doing well. It is the weekend, so it is time for another weekend futures market recap. We will go through fifteen of the largest futures markets and I will show you what I am seeing on my charts. Hope you had a good week’s trading, it was pretty fun out there. I actually spent most of the weekdays trading the Emini, which is unusual, I have not done that for a while. That is because we are back in the European time zones and it is so much better watching the charts live. We moved location, spent Thursday travelling across from Provence, from Avignon to Biarritz, and we will be here for the duration now, until the beginning of January, so it will be nice to be settled for a good long while. Anyway, it was an interesting week.
Emini Daily Chart (00:47): We will go through the Emini charts first. As usual, the 7700 number, or just above it, was pretty key. We sold off this week and then we bounced. The question is where we go from here. I think we are still going to go down, and I will show you why on the lower timeframe charts. Here is the daily chart. We have been playing with this cyclical support on the Emini over the last several days. On the Nasdaq chart we have had cyclical support come in on the intermediate timeframe. So we briefly broke the support on the lowest timeframe and we have been caught by the cyclical support on the higher timeframe. That is definitely a strong signal. I am just saying I think there is going to be a little bit of weakness until we properly catch, and then we start to rally again to test new highs. But we are inches away from new highs. Everybody is so bearish on the markets and the economy, and yet the employment numbers on Friday were triple what the estimates were, and the stock market is saying all is good, earnings are good, all that good stuff. So what have we got? We have a flush pattern here flushing out the sellers, and I think that flush signal is going to be an interesting support zone. On the daily chart at least we have this flow of cyclical support energy to play out. Just in the short term I think we have to test a little bit.
Emini 135-Minute Chart (02:12): This is interesting and you will see it on the 45-minute as well. We have squeezes. Squeeze patterns come from the Better Sine Wave indicator, and they are when the support and resistance lines and price are super close together, and you can see that is what we have got. There is a squeeze happening here, a convergence of all of those support and resistance lines, and we break out of squeezes into trending patterns. Sometimes we will have a fake break and go the other way, so watch out for that. But it just means we are lining up for another trend move, usually in the direction of the overall trend. Over the next several days, let us see how we break out of those squeeze patterns on the 135-minute chart.
Emini 45-Minute Chart (02:54): We go down to the 45-minute and it is the same thing. Up at these highs we had squeezes and we broke into a downtrend. Down here we had squeezes and we broke out of there. It just means we are super tight in terms of the support and resistance lines, and you can see it bunching up at the moment. We have had the big things happen at triples signal going off. We had triple supports on all three timeframes, and big things happen at triples, big breaks or big bounces. So if we are just coming into those highs, let us see if we come down, put in a proper support and bounce from there. On the 45-minute chart the last signal was a downtrend, so we are waiting for confirmation. RAMBO patterns at the highs, and nothing to catch us particularly at the lows we had here, no blue Professional bars, no exhaustion patterns, nothing like that. So we are in a little bit of a quandary.
Emini 15-Minute Chart (03:45): Here we show the beginnings and the ends of the weeks with the vertical yellow solid lines. Last week we had this U-Turn with blue Professional bars in at the highs at 7780, which is why I said look for a break of 7700. We got that Sunday into Monday, and we gapped down. Then we had an exhaustion buy, we continued down, blue Professional bars came in, we broke above them and moved into an uptrend. The background is in red on the 15-minute chart with a little bit of profit taking here, we sold off, just a little bit of Professional profit taking. Let us see where the blue Professional bars come back in and hold us on the 15-minute chart. The beginning of the week was a downtrend and the second half of the week was an uptrend.
Emini 13,500 Tick Bar Chart (04:34): This is the killer, which shows us what happened this week. Last week we were selling it down and we kept on selling it down. On the retrace we had Big Pro Bars come in, and you can see the background is in blue there. On the retrace they were not buying at the lows, where we had RAMBO patterns and the amateurs getting excited. On the retrace these are all the Pros, the big Pros, getting in, getting short. They shorted it into this move, and then as we came down into those lows, they got in on the way down. Let us be sure of what is going on here. On the way up we have the Professionals shorting the strength, and on the way down they are buying the weakness, two different directions. Then we had our rally, blue Professional bars got excited, and at the end of the week a lot of Professional profit taking: super high average trade size, blue bars, blue boxes, and then we got our Signal Short. We are in a downtrend on the 13,500 tick bar chart. On the higher timeframe charts we are bullish, constructive, whatever. The uptrend is not over, because we have not seen blue Professional bars taking profits on the higher timeframe charts. We have just run out of steam with Amateur bars on those charts. So what we are looking for is the next time the Professionals come back in. We have this Signal Short, we are moving down on Professional profit taking, and what I am looking for next is blue Professional bars to come in on the way down, a similar amount to last time. So this is a continuation of a downtrend on the lower timeframe charts until those Professionals come in, and then we can rally from there. This is the timeframe we have to win over before the other timeframes can start to play out. We have squeeze patterns, so how this is going to work I am not sure, but we are moving into trending moves and this has to work itself out. Here is a nice squeeze pattern from earlier: a mid break, a break into an uptrend, a bouncing ball where the blue dot comes in after the break, then a squeeze pattern and a nice trending move breaking out of it. The squeeze came in because a whole bunch of support and resistance lines were super close together, and we break out into trending moves from that. That is the Emini. Short term we still have to resolve on the way down, but on the long term charts we are still on the way up.
Euro (06:56): The forex charts were super interesting this week. The last couple of weeks we were taking profits into those highs, a U-Turn with blue Professional bars and Big Pro Bars into the highs at 1.17. Then on the retrace you can see the blue Professional bars getting in. They were not at the lows, they were on the retrace, shorting it, shorting it on the retrace again, and on the way down shorting it on the retrace again with a Big Pro Bar here, not at the lows. So we are in a downtrend on the Euro. All of that Big Pro Bar activity has not taken profits on the way out. We have run out of steam with flush patterns down here, but do not be fooled by the strength in the Euro at the moment. Until we see a similar reversal of this on the way down, this downtrend is not over on the Euro. We could have little rallies in the meantime, but that is a big pattern that topped out at 1.17, and 1.158 is not a big enough trade. They have taken a big position there and they are expecting this to go down.
British Pound (07:50): The British Pound finally turned around. They got the measure of the new prime minister in the UK and the thing sold off. It was a whimper into those highs though, all RAMBO patterns, no blue Professional bars taking profits. Maybe they did sell it down here at that point. Exhaustion buy, and then it fell out of bed. We are in a downtrend, bouncing off a RAMBO to RAMBO channel here. So a lot of amateur activity, not a lot of conviction with Big Pro Bars on the British Pound chart.
Aussie Dollar (08:17): The Aussie Dollar was an interesting move, up and down and up and down. I was out at 71.80 into this move here, and then we had this weakness. Then they played the big game. Big Pro Bars came in on the way down at 71.20, we had our Signal Long, and now into those highs Big Pro Bars are coming in on the way up, setting up for a reversal there. We have not had a signal, we have not broken through the trailing stop, but that is taking profits. They gamed it up: they bought it down here at 71.20 and then they pushed it back up to 72.20 in order to get out and get short. That is going to roll over. So that is strength in the US Dollar and weakness in all of these currencies.
Japanese Yen (09:00): The Japanese Yen is a similar thing, starting to roll over, but it is rolling over from RAMBO patterns rather than Big Pro Bars. We had Big Pro Bars coming in on the way down here, then more blue Professionals, and we got a signal at that point. Two or three weeks ago I was talking about this. That is a lot of activity that went through on the Japanese Yen. You can see how wide the move is from the beginning of the week to the end of the week. On a tick bar chart, the wider that is, the more activity is going through. A couple of weeks ago I was saying this did not catch, we went down, and then we had more blue Professional bars come in at the end of last week and that did catch. We got our signal, bang, we rallied. But now RAMBO patterns at that point on the Japanese Yen, which is interesting.
10-Year Notes (09:40): Everybody is talking about the rates, and finally we have some activity on the 10-Year. We have had no blue Professional bars of any note in the 10-Year for weeks and weeks, but this week we did, into the lows. It was almost on the retrace there, not getting in on the way down, and they have not come in since. So we are still in the downtrend on the 10-Year, which means rates are staying elevated.
Gold (09:59): Gold fell out of bed. Again, RAMBO patterns into the beginning of last week, and then once it cascaded over, bang, that was a big move down to 4350. Blue Professional bars coming in at the end? No sign of them. The whole way down, no sign of the blue Professional bars, all except one little move right at the lows. They bought it at 4350 and cashed it, took profits on that little trade. Let us see if this holds, but with no Big Pro Bars coming in on Gold it is not particularly interesting.
Silver (10:34): Silver, yes. I was saying that 64 to 66 has got to hold, because this is where they bought it on the move out of congestion down here, and they were not really active at the highs. Some blue Professional bars here and there on the way down, RAMBO patterns there. So the level they were interested in around here, 64 to 66, is super interesting to them. We need to see blue Professional bars pick it up in that zone to see if it continues back to test into 72 again.
Bitcoin (11:07): Bitcoin had a lovely run into the 80s again but got rejected. First time around into 81K, and then the second time at the end of last week with Big Pro Bars coming in there, and then nothing to hold us down here. We just raced back into the 80s again, more blue Professional bars, an exhaustion buy, and it has rolled over. We have not signalled yet because we have not broken this little local low, but that is profit taking on Bitcoin for the time being.
Ethereum (11:40): And some profit taking on Ethereum. At this break of 2000, all these Big Pro Bars got the move going, and that whole area now has to be contested and held. We have run out of steam temporarily, coming down from the 2500s. But the top of that move, 2200 to 2300, they need to hold that if they were serious about buying the breakout. That is a super important level. Let us see if we get a retracement down this week to the 2200 to 2300 area and the Professionals come back in.
Crude (12:15): Crude. Last week into the lows we had Big Pro Bars come in, blue Professional bars, blue boxes, the background in blue, and then we got our signal, sign of strength, sign of strength, and the market took off. Now into the highs at 92 we have the reverse. We have Big Pro Bars taking profits. We came a little bit further, ran some stops, and we are looking weak at the moment. Let us see if Crude tops out just under 92, breaks through this low around 88, and we go into a downtrend on Crude. It has not signalled short yet, but that is the reverse of the pattern that started the rally. That looks interesting.
Copper (12:51): Copper is setting up. Over the last two or three weeks into those lows, Big Pro Bars came in, we tested, bullish divergence came in, and we came away with RAMBO patterns, so it was led by the amateurs and weak, not very much activity going through last week, and we fell off. Then testing into those lows at 655, blue Professional bars came in and we have had a signal, plus a couple of squeeze patterns on Copper. So let us see if that uptrend breaks into a serious move, because Copper has been super quiet over the last couple of weeks.
Corn, Soybeans and Wheat (13:25): All of the ags, I think, started to take profits up at the highs. We have exhaustion buys, and the blue Professionals are just selling it down on Corn, testing back up, and it is weaker, so that is a downtrend on Corn. Not all over on Soybeans. Into those lows the Big Pro Bars came in, so it is a continuation of that, but it has run out of steam with RAMBO patterns at the highs on Soybeans and on Wheat. Look at this on Wheat: RAMBO patterns into those highs, we fussed around at 784 through a whole bunch of squeeze patterns, and then we broke out of that with blue Professional bars selling it down, and we are continuing down through those lows. That was seemingly getting the move going, not blue Professional bars taking profits up here, they were selling it down. Let us see if that continues down on Wheat.
Week Ahead (14:17): So there we go, a rip around the charts this week. We still have to resolve on that Emini chart on the way down, so let us see where the Big Pro Bars come in and what the mood is on Sunday into Monday, because that could be an interesting day. I hope your trading is going well. Looking forward to next week’s trading.
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