Market Overview: S&P 500 Emini Futures The market formed a weekly Emini retest all-time high in the form of strong consecutive bull bars. The bulls want a retest of the all-time high and a resumption of the broad bull channel. The bears want a reversal from a lower high major trend reversal or a double […]
Strong Emini Consecutive Bull Bars
Market Overview: S&P 500 Emini Futures The weekly chart formed a strong Emini consecutive bull bars closing near their highs. The bulls want a retest of the all-time high and a resumption of the broad bull channel. The bears want a reversal from a lower high major trend reversal or a double top bear flag […]
Weekly Emini Double Bottom Bull Flag
Market Overview: S&P 500 Emini Futures The market formed a weekly Emini double bottom bull flag (Apr 19 and Aug 5). The bulls want a reversal from a double bottom bull flag (Apr 19 and Aug 5) and hope to get a small retest of the all-time high, even if it only forms a lower […]
Monthly Emini Pullback
Market Overview: S&P 500 Emini Futures The market is forming a monthly Emini pullback following an extended rally. The bulls want the current pullback to be sideways and shallow. The bears need to create a strong bear bar in August with follow-through selling in September to increase the odds of retesting the 20-month EMA. S&P500 […]
Weekly Emini Follow-through Selling
Market Overview: S&P 500 Emini Futures The market formed a weekly Emini follow-through selling testing the bull trend line. The bulls want the pullback to form a higher low followed by a resumption of the broad bull channel. The bears want a TBTL (Ten Bars, Two Legs) pullback trading far below the 20-week EMA. At […]
Emini Start of a Pullback
Market Overview: S&P 500 Emini Futures The weekly candlestick was a big outside bear bar possibly indicating an Emini start of a pullback. The bears want a TBTL (Ten Bars, Two Legs) pullback trading far below the 20-week EMA. The bulls want the pullback to form a higher low followed by a resumption of the […]
Weekly Emini Embedded Wedge
Market Overview: S&P 500 Emini Futures The market formed a weekly Emini embedded wedge in the third leg up (May 23, Jun 28, and Jul 12). The bulls hope that the rally will lead to months of sideways to up trading (broad bull channel). The bears want a reversal from a higher high major trend reversal, a wedge pattern […]
Weekly Emini Third Leg Up
Market Overview: S&P 500 Emini Futures The market is forming a weekly Emini third leg up after a one-bar pullback (last week). The bulls want another leg up completing the wedge in the third leg up with the first two legs being May 23 and June 28. The bears want a reversal from a higher […]
Emini ES mid-year market review
Video duration: 10min 56sec. Mid-year market review transcript Hi everyone, I’m Al Brooks. Today is June 29th, 2024. I’m on a working vacation at Lake Tahoe. I’m currently at the top of Heavenly Valley Ski Resort’s mountain. I have Lake Tahoe in the background. The reason why I’m recording this today is because a couple […]
Weekly Emini Micro Wedge
Market Overview: S&P 500 Emini Futures The market formed a weekly Emini micro wedge. The bears need to create a strong entry bar with follow-through selling to convince traders that they are at least temporarily back in control. If the market trades lower, the bulls want the pullback to form a higher low or a […]
