First up is the Emini S&P 500. Since early of the year, the market has been creating this sort of higher highs market structure.......Currently the market is above the 2,816 structure high. This tells us that the market is still in a bullish trend. All buyers need to do is to maintain prices above 2,816. As traders we can look for buying opportunities to ride on this opportunity. First uptrend target is 2,870. The second uptrend target is the historical high of 2,947. 

However this uptrend is ended if sellers manage to force a close below 2,727. In addition, a close below 2,727 could spark a healthy correction. We could potentially see prices went down and retest previous structure low of 2,636. If the sellers are still strong and destroyed that support, we could see prices went down to 2nd target of 2,575. That being said, this downtrend analysis is ruled out when prices close above 2,816. 

So this is our Emini S&P analysis, let's check out the next market: FKLI. Last month, after reversing to the 200 MEAN, FKLI had a significant sell off afterwards. And then hitting a strong support at 1,656-1,660. As you can see from the market structures I drawn, FKLI is in a sideways mode with a bit of upward momentum. 

However if the buyers failed to hold this level 1,656-60 level, there's a pretty good chance FKLI will experience a strong sell off. This sell off could produce a retest of 1,646 or or even a retest of the december 2018 structure low of 1,636. So keep an eye out for this scenario as well. 

The last market for the day is the Soybean Oil Futures. The market structure is higher lows. so who's in control of the market?...Yes...sellers. So as long as prices below $29.50, we are anticipating for the market to continue trading lower and lower. First target is $28.95 while second downtrend target is at $28.15. 

However we need to understand that anything can happen to the market. The buyers are back in control only when prices sustain above $30. When it happens, we can trade our way upwards. These are the uptrend targets we can shoot for $30.59 nearest structure high and the $31.17 major structure high.