The Emini topped out at 7600 this week and triggered our Signal Short, and we are already off 268 points from the high. This is the 7 June 2026 entry in the Weekly Futures Market Recap series, where we go through fifteen of the largest futures markets and read what the Professionals are actually doing on the charts. The headline pattern this week is a textbook “last roll of the dice” at the top, and Bitcoin is finally showing some light at the end of the tunnel.
TL;DR – This Week’s 3 Calls
- Emini: Signal Short triggered at the 7600 top, now off 268 points. Swing trade down, not the end of the uptrend – no blue Professional bars built the high. Watching for a bounce near 7350.
- Bitcoin: Pros have legged in on the way down (71K, 66K, 62K, 60K). Waiting for the trailing stop near 62K to break to confirm the extreme. Michael Saylor’s 57K average is the magnet.
- Metals split: Gold stair stepping down from 4500 to the 4350s, but Silver and Copper are showing Big Pro Bars at the lows – watching for long signals.
Macro Setup This Week
This was the week the equity rally ran out of road. The Emini topped at 7600 and rolled over hard on Friday, dragging most of the complex with it – currencies, energy and the grains all leaned lower. The key tell is who drove the move: the top was built by Amateur bars and RAMBO patterns, not blue Professional bars, which is why we read this as a temporary top and a swing trade down rather than a major reversal. The standout exception is crypto, where the Bitcoin wreckage has finally pulled Professional money in at the lows. Follow the Professionals, fade the Amateurs – and right now the Amateurs own the equity top while the Pros are quietly accumulating Bitcoin.
Market-by-Market Breakdown
ES – Emini S&P 500 Futures: Signal Short at the 7600 Top
Daily chart: A head and shoulders is forming, with end-of-trend pullbacks rippling through the timeframes. Still bullish longer-term because there are no blue Professional bars or exhaustion patterns at the high – the move that ends this swing will likely be a blue Professional down bar on the daily on the way to cyclical support. Day and night session: we topped with an exhaustion buy and bearish divergence. 135-minute: only RAMBO patterns and Amateur bars into 7600, so the push was Amateur-led; 7575 was the level to break and we broke it Friday. 45-minute: blue Professional bars got out of the way Friday and we sold off. 15-minute: Signal Short fired on the test back up into Amateur bars; possible bounce near 7350. 13,500 tick bar: the “last roll of the dice” – Big Pro Bars taking profit into the highs, then the Signal Short. This is a swing trade down, and the signals I read come straight off the Better Trading Indicators.
BTC – Bitcoin Futures: Pros Legging In Down to 60K
The Bitcoin top at 82K was made by Big Pro Bars into the highs followed by an exhaustion sell – the mirror image of the Emini. On the way down the Professionals have legged in: interested at 71K, again at 66K, a couple of Big Pro Bars at 62K, and now a whole cluster of blue Professional bars at 60K. We are waiting for the trailing stop just under 62K to break to confirm the extreme. Michael Saylor’s roughly 57K average buy-in is such a public number that the Pros would love to tag it – if we hit 57K, that is almost the calmer target.
ETH – Ethereum Futures: Big Pro Bars Coming In
Same story as Bitcoin but it took longer to show. After only sparse Professional activity earlier, Big Pro Bars have come in big time down near 1500, below the 2000 level I was watching. Now we wait to see if it cracks the trailing stop and triggers a Signal Long.
6E – Euro Futures: Signal Short, Downtrend Intact
Nothing for weeks, then Professionals took profits and sold it down hard, giving us a Signal Short. RAMBO patterns are present but no blue Professional down bars yet, so a bounce is possible – but the Euro is in a downtrend and the Dollar Index is breaking out strongly on the daily.
6B – British Pound Futures: Signal Short With Pro and Big Pro Bars
Junky for a couple of weeks, then a Signal Short with blue Professional bars and Big Pro Bars coming in on the Pound. One to watch on the short side.
6A – Aussie Dollar Futures: Stair Step Trade Heading Down
This week’s activity ran into the highs with blue Professional bars and signals, tested twice, then they sold it down – a clean stair step trade heading lower.
6J – Japanese Yen Futures: Signal Faded, Still Falling
The Yen never rallied, but Big Pro Bars came in. We got a signal this week that quickly faded, and the Yen continued lower.
ZN – 10-Year Notes Futures: Weak But Still Uptrend
Big Pro Bars came in a couple of weeks ago. Weak right now, but still an uptrend because there are no blue Professional bars taking profits at the highs and no blue boxes. We came down on bullish divergence – watching for a safety-play, risk-off rally.
GC – Gold Futures: Stair Stepping Down From 4500
I was keen last weekend on the rally, watching for blue Professional bars on the retrace. They came in and we immediately faded, stair stepping down from 4500 toward the 4350s. It has not held, but we have more exhaustion sell, bullish divergence and blue Professional bars at the lows.
SI – Silver Futures: Big Pro Bars at the Lows
Now we have Big Pro Bars coming in. Last weekend I was not keen because there were none at the lows, having seen them into the highs at 88. Now they are showing up at 68, which is interesting – watching for a long trigger into Silver this week.
CL – Crude Oil Futures: Downtrend, No Big Pro Bars to Hold It
Attempts to get long went nowhere because there were no Big Pro Bars supporting it down here. The last Big Pro Bars were into the highs, so Crude is in a downtrend with no blue Professional bars to hold it yet.
NG – Natural Gas Futures: Signal Short, Exhaustion Sell
Professionals took profits at 3.38 this week and we have a Signal Short with an exhaustion sell, but no blue Professional bars to hold it at that point yet.
HG – Copper Futures: Big Pro Bars on the Retrace at 625
Copper is selling off, but Big Pro Bars came in at the end of the week. They got out at the highs, then back in at 625. There was no proper Professional profit taking at the highs and no blue boxes, so technically still an uptrend – now they have come in on the retrace at 625 again. Interesting one to watch for a hold.
Pattern of the Week: Last Roll of the Dice
The “last roll of the dice” is the mirror image of the bouncing ball trade. Where the bouncing ball shows Professionals stepping in at support with exhaustion sells and blue Professional bars to launch an uptrend, the last roll of the dice shows them taking their final opportunity to get short at the top. On the Emini 13,500 tick bar, the Pros got in on the little retrace, pushed price up into 7600 with Big Pro Bars and momentum buying, hit the blue boxes and exhaustion buy with bearish divergence, then rolled it over – bang, Signal Short. It is the cleanest read of a top we get: follow the Professionals, fade the Amateurs.
Looking Ahead to the Week of 8 June 2026
Expect a downswing in the Emini that lasts a few days, with bounces along the way that offer chances to get short into the move – the market never travels one direction for long. We want to see exhaustion sells and Big Pro Bars come in at the lows to mark the end. In crypto, watch the Bitcoin trailing stop near 62K for a Signal Long, with 57K as the deeper magnet. Silver, Copper and Ethereum are the long-side watchlist if their Big Pro Bars hold.
Full Transcript (click to expand)
Full transcript of the video above, cleaned for readability.
Intro (00:00): Saturday 6 June 2026, just gone 9:13pm Chicago time. It is the weekend, time for another weekend futures market recap. We go through fifteen of the largest futures markets and I show you what I am seeing on my charts. We got Signal Short this week. We are off 268 points on the Emini from the high. I do not think this is the end of the equity story because we have not seen blue Professional bars into the highs – I think we see an equity blow-off move later on. But it is time for a downswing. I also put out a midweek video on the Bitcoin and crypto wreckage, and we are seeing some light at the end of the tunnel.
Emini Daily Chart (01:04): Daily chart of ES.D with the cycles on it. A left shoulder is being made by a pullback to end of trend on the lowest timeframe, and the head by a pullback to end of trend on the intermediate timeframe. End of trends ripple through the timeframes. The market is still strong on the daily and 135-minute – no blue Professional bars, no exhaustion patterns at the high. This will cause trouble for a while as we move from cyclical resistance to cyclical support. What ends it is likely a blue Professional bar on the daily on the way down, somewhere between here and the 6359 type number. Longer term, still an equities uptrend, but this is a swing trade down lasting a few days.
Emini Day and Night Session (02:31): The at-ES contract. We got a bearish divergence there, which showed we topped with exhaustion buy and bearish divergence. I have said for several weeks this is exhaustion buy almost getting the next leg going, and because we are not seeing blue Professional bars at these highs, the uptrend is still in place.
Emini 135-Minute Chart (02:55): No blue Professional bars at the highs, just RAMBO patterns into 7600 – the move was led by the Amateurs. RAMBO stands for potential reversal of an amateur breakout. 7575 was the level for the low to be broken and we got it; Friday’s activity was the real sell off. RAMBO patterns into the highs, test into them on Amateur (yellow) bars, then sell off Friday. Trailing stops are miles away on this timeframe, so this is not a proper top yet – we need professional profit taking.
Emini 45-Minute Chart (04:13): Backgrounds in red. The RAMBO patterns into the highs, testing with Amateur bars, then blue Professional bars stepping in. We overshot resistance on the highest timeframe, so this has to sell off until the lines come together. Friday was blue Professional bars getting out of the way. We likely need Better Sine Wave cycles to come together on the way down with more pullbacks to end of trend.
Emini 15-Minute Chart (05:05): Things crystallize here alongside the 13,500 tick bar. We came out of squeeze patterns into a trending move, ended with exhaustion buy bearish divergence, RAMBO patterns and Amateur up bars – a last gasp into the highs. We got our Signal Short on the test back up with Amateur up bars, then sold off, with blue Professional bars at the end of the day. No exhaustion sell in the momentum patterns yet at the lows. Previous support around 7350 could give a bounce before coming back down.
Emini 13,500 Tick Bar – Last Roll of the Dice (06:15): Last weekend we had blue Professional up bars and I was saying watch out – Professionals taking profits. They got in on the retrace, pushed it up, we got blue boxes and exhaustion buy bearish divergence rolling over, then the final gasp up Monday and Tuesday with Big Pro Bars – professional money taking profits. Signal Short – that is the last roll of the dice, the mirror image of the bouncing ball trade. The last opportunity for Professionals to get short at 7600, then we sell off big. On the downside we want the reverse: exhaustion sells and Big Pro Bars at the lows. There will be bounces and opportunities to get short into the move.
Bitcoin (08:30): The midweek video covered this sell off. I was not interested until we saw the reverse of the 82K top, which was built by Big Pro Bars into the highs and then an exhaustion sell. Professionals leg in and out: interested at 71K, then 66K, a couple of Big Pro Bars at 62K, and now a cluster of blue Professional bars at 60K. We wait for the trailing stop near 62K to break. I was thinking 59-60K, and Michael Saylor’s roughly 57K average is such a public number the Pros would love to tag it.
Ethereum (10:26): Same as Bitcoin but slower to show. Sparse Professional bars earlier, then Big Pro Bars came in big time near 1500, below the 2000 level I watched. Waiting to crack the trailing stop for a Signal Long.
Euro (11:02): Nothing for weeks, then Professionals took profits and sold it down hard for a Signal Short. RAMBO patterns but no blue Professional down bars, so a bounce is possible – but it is a downtrend and the Dollar Index is strong on the daily.
British Pound (11:34): Junky, then a Signal Short with blue Professional bars and Big Pro Bars.
Aussie Dollar (11:43): Into the highs with blue Professional bars and signals, test test, then sold down – stair step trade heading lower.
Japanese Yen (11:56): Never rallied, but Big Pro Bars came in. A signal this week faded and it continued down.
10-Year Notes (12:10): Big Pro Bars a couple of weeks ago. Weak now but still an uptrend – no blue Professional bars taking profits at the highs, no blue boxes. Came down on bullish divergence; watching for a risk-off rally.
Gold (12:33): Keen last weekend on the rally, watching for blue Professional bars on the retrace. They came in and we faded, stair stepping down from 4500 to the 4350s. Not held, but more exhaustion sell, bullish divergence and blue Professional bars at the lows.
Silver (12:59): Big Pro Bars coming in. Not keen last weekend because none were at the lows, having seen them into the highs at 88. Now at 68 – watching for a long trigger.
Crude Oil (13:18): Attempts to get long went nowhere with no Big Pro Bars supporting it. Last Big Pro Bars were into the highs, so a downtrend with no blue Professional bars to hold it yet.
Natural Gas (13:43): Professionals took profits at 3.38 and we have a Signal Short with an exhaustion sell, but no blue Professional bars to hold it yet.
Copper (13:57): Selling off, but Big Pro Bars at the end of the week. Out at the highs, back in at 625. No proper profit taking at the highs and no blue boxes, so technically still an uptrend – now back in on the retrace at 625. Watching for a hold. That is a rip around the charts – exciting times, looking forward to next week.
Want These Calls With the Indicators I Use on the Charts?
Every signal in this recap – the Signal Short, the RAMBO patterns, the blue Professional bars and the last roll of the dice – comes straight off the charts with the Better Trading Indicators. Follow the Professionals, fade the Amateurs.
