The S&P 500 Emini futures stalled around the Feb/March low and the bulls failed to get follow-through buying. The bears got the second leg sideways to down they were expecting. Odds favor at least slightly lower prices next week. As strong as the sell-off is, it could simply be a sell vacuum test of the 5 weeks trading range low. If there is a breakout, odds slightly favor a downside breakout more.
Nifty 50 futures strong bear close after double bottom
Market Overview: Nifty 50 Futures The Nifty 50 futures have given strong bear close after double bottom, but the best bears can get would be a trading range, so bulls would be again looking to buy near the trading range bottom. Nifty 50 on the daily chart is in a broad bear channel which are always a […]
DAX 40 bear surprise at 20-week moving average
DAX 40 bear surprise last week at the 20-week moving average (MA). The bears got a successful moving-average gap bar sell signal at a double-top. Now we are sitting at the 200-week moving average. It’s not as bearish as it could be because we didn’t create a new low and the bulls will look to […]
FTSE 100 bear surprise, micro double top
Market Overview: FTSE 100 Futures FTSE 100 bear surprise from a Micro Double Top (Micro DT) pausing at the 50-week moving average (MA). Once again the bulls failed and market made a lower high, so it’s a major trend reversal and traders will expect two legs sideways to down. We might have had the first […]
Emini bears want follow-through after give-up bar yesterday
Trading Update: Friday June 10, 2022 Emini pre-open market analysis Emini daily chart Emini bulls gave up yesterday on the idea of a second leg up from the May 27 bull breakout without first having a deep pullback. The bears want follow-through after give-up bar yesterday. The bulls had several chances following the three-bar breakout […]
Emini bears want breakout below 8-bar tight trading range
Trading Update: Thursday June 9, 2022 Emini pre-open market analysis Emini daily chart The bulls have had several strong trend bars closing near their highs. However, every bull trend bar in the current 8-bar tight trading range has been followed by a bear bar. This is a reminder of all the trading range price action. […]
Emini bulls want 2nd leg up from May 27 breakout
Trading Update: Wednesday June 8, 2022 Emini pre-open market analysis Emini daily chart Yesterday was a strong bull close that reversed up from near the lows of the 6-bar tight trading range. This might be the start of a second leg up from the May 27 bull breakout. Emini bulls want 2nd leg up. The […]
Emini possible bear breakout below 6-day tight trading range
Trading Update: Tuesday June 7, 2022 Emini pre-open market analysis Emini daily chart The market is in a 6-bar tight trading range following the three-bar bull breakout on May 27, and possible bear breakout. This has lowered the probability of bulls getting a measured move up of the 3-bar breakout before getting a deep pullback. […]
Descuento de TradeStation en la compra de su curso
Abra y financie una nueva cuenta de TradeStation y reciba un 20% de reembolso en comisiones hasta DOS veces el costo total de la compra de su Curso de Trading en Brooks. Esta oferta se aplica tanto a los compradores de cursos nuevos como a los existentes. Además, puede obtener un reembolso del 200% en […]
UKSpreadBetting webinar: Price action trading with Al Brooks
A Trader Training Call with Al Brooks Video duration 1hr 2min ***Serious WordPress bug with YouTube video embedding. No fix available yet. Sometimes works, sometimes does not! If you see the video url only above, click the link below to watch on YouTube. Sorry for trouble.*** >> Watch webinar on YouTube Al Brooks joined Mark […]
