Trading Update: Friday October 14, 2022 Emini pre-open market analysis Emini daily chart Yesterday was a very good day for the bulls, with follow-through needed today, which might be the year’s low. While the odds favor a second leg up yesterday’s bull breakout, the bar is so climactic that the market may have to pull […]
Al Brooks Live Trading Workshop Orlando, October 25 – 27, 2022
To help meet the strong demand for Al Brooks to engage in live trading events, Al is holding a 3-day workshop in Orlando, Florida, on Tuesday October 25th through Thursday October 27th, 2022. We have been inundated with requests from traders all over the world to hold such events and we are expecting the event will […]
Emini Bears Downside Breakout Overnight
Trading Update: Thursday October 13, 2022 Emini pre-open market analysis Emini daily chart Emini bears downside breakout overnight, and bears now have a 6-bar bear micro channel. The market is beginning to collect bear bars closing below midpoints under the June 17 low. The bulls keep trying to reverse the market up but failing. This […]
Emini Bulls Want Strong Buy Signal Bar Today
Trading Update: Wednesday October 12, 2022 Emini pre-open market analysis Emini daily chart The bulls tried to get a strong buy signal bar closing on its high yesterday after failing to break below the September 30 low. However, the market reversed down late yesterday, forming a doji bar. The bulls want strong buy signal bar […]
Emini Bulls Want to End Bear Streak
Trading Update: Tuesday October 11, 2022 Emini pre-open market analysis Emini daily chart The bears were able to get a follow-through yesterday after Friday’s big bear breakout. Bulls want to end bear streak. However, yesterday closed around its midpoint instead of on its low. This is a sign of weakness by the bears, and the […]
Emini Bears Likely Disappointment Today
Trading Update: Monday October 10, 2022 Emini pre-open market analysis Emini daily chart Last Friday, the bears did a great job reversing the bull breakout that began early last week. While the bears want follow-through, bears likely disappointment today. The bears hope this is the start of the move that will break far below the […]
Bitcoin Test de la Directriz Bajista
Visión General del Mercado: Futuros de Bitcoin Los futuros sobre Bitcoin han tocado el techo de la directriz bajista debido a la continuación lateral del precio. Últimamente, la volatilidad se está contrayendo y eso es un aspecto positivo. Sin embargo, el precio se encuentra por debajo de resistencias importantes y mientras los alcistas se mantengan […]
EURUSD Bulls Failed to Create Follow-through Buying Again
Market Overview: EURUSD Forex The EURUSD Forex weekly candlestick was a bear reversal bar. The EURUSD bulls failed to create follow-through buying again, a recurring theme since 2021. The bears want a retest of the September low and another breakout attempt. The bulls hope that this is simply a retest of the low and want a reversal […]
Emini Breakout Pullback, Tight Bear Channel
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures traded higher but gave back most of the gains by Friday. Bears see this simply as an Emini breakout pullback and want another breakout attempt below the June low. Because of the strong selloff, the bulls will need a strong reversal bar or at least a […]
Crude Oil Strong Rally, Bulls Need Follow-through
Market Overview: Crude Oil Futures Crude oil strong rally reversed higher closing above the bear trend line and the 20-week exponential moving average. The bulls need to create a follow-through bull bar to increase the odds of higher prices. Bears want a reversal lower from a double top bear flag with August 30 or July 29 […]
