Market Overview: Weekend Market Analysis The SP500 Emini futures sold off sharply for 2 days but bounced on Friday. The bounce might continue to above 3500, but traders expect a 2nd leg down to around 3200. Bond futures are turning down from a double top bear flag on the daily chart, but the yearlong trading […]
Emini huge reversal down from August buy climax
Emini and Forex Trading Update:Friday September 4, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini crashed on the 5 minute chart yesterday to below the open of the week. It began a reversal up from a 5 hour wedge bottom on the 5 minute chart in the […]
Emini buy climax measured move target at 3704.50
Emini and Forex Trading Update:Thursday September 3, 2020 I will update again at the end of the day. Pre-Open market analysis Every low for the past 9 days was above the low of the prior day. This is a 10 bar bull micro channel, which is a sign of very aggressive bulls. But it is […]
Emini buy climax broke above August high
Emini and Forex Trading Update:Wednesday September 2, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday broke above the September high. The rally was in a weak bull channel, but the day closed near the high. That increases the chance of a gap up today. The daily […]
Emini might get another monthly gap up in September
Emini and Forex Trading Update:Tuesday September 1, 2020 I will update again at the end of the day. Pre-Open market analysis Today is the 1st day of September. The bulls had a gap up in August and August closed near the high of the month yesterday. The bulls want another gap up today for a […]
Emini forming big bull trend bar in August
Emini and Forex Trading Update:Monday August 31, 2020 I will update again at the end of the day. Pre-Open market analysis On Friday, the Emini closed above the 3500 Big Round Number for the 1st time. The daily chart is in a Small Pullback Bull Trend. The week before Labor Day has a bullish tendency. […]
¿Qué es el Price Action? 6 aspectos a considerar
Representación del movimiento del precio ¿Qué es el Price Action? No existe consenso en cuanto a su definición. A mí, me gusta definirlo como la representación de cualquier movimiento que hace el precio de un instrumento financiero, sobre un gráfico temporal. Así lo explico en el primer vídeo del Curso de Trading de Al Brooks. […]
Emini strong August buy climax makes September 10% pullback likely
Market Overview: Weekend Market Update The S&P500 Emini futures is in a strong bull trend and it should trade higher next week. It might even accelerate up next week. Since the buy climax is extreme, there is a 50% chance of a 10 – 20% pullback starting in September. However, traders will buy the selloff. […]
Emini buy climax now testing 3500 Big Round Number
Emini and Forex Trading Update:Friday August 28, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed a doji bar yesterday. Since Wednesday was a big bull day in a buy climax on the daily chart, yesterday’s pause could be the start of some profit taking. The buy […]
Emini late August buy climax should pause today
Emini and Forex Trading Update:Thursday August 27, 2020 I will update again at the end of the day. Pre-Open market analysis The rally over the past 2 days on the 5 minute chart was one of the strongest consecutive days of the year. That reduces the chance of a big selloff. It also reduces the […]
