Dow 20,000 January effect all-time high breakout Updated 6:55 a.m. The bears made money selling above highs yesterday. That therefore increases the chances that the bull trend will transition into a trading range. Because the bulls keep getting higher lows, the bull trend is still in effect. Therefore, the bears need to get below prior […]
Dow 20,000 January effect all-time high breakout
S&P500 all time high and Dow 20,000 big round number
Intraday market update: January 25, 2017
S&P500 all time high and Dow 20,000 big round number Updated 6:49 a.m. The Emini opened with a big gap up and the Dow broke above 20,000. It is Always In Long. Yet, the 1st bar had a big bear body. While it is possibly the low of the day, it is more likely not. […]
Emini bull flag at daily chart exponential moving average
Intraday market update: January 24, 2017
Emini bull flag at daily chart exponential moving average updated 6:45 a.m. The day opened with trading range price action at the top of yesterday’s weak bull channel. The bears want this to be a test of yesterday’s high and an early high of the day. Yet, the early dojis make a limit order open […]
Ask Al: Desire to Trade podcast
The best insights on trading price action A podcast with Al Brooks by Étienne Crête, founder of the Desire To Trade website. Étienne’s site is dedicated to help traders be the best traders they can be. The podcast was first published on January 23, 2017. In the podcast Al discussed the following points with Étienne: […]
Dow 20,000 Trump rally, then 5% stock market correction
Intraday market update: January 23, 2017
Dow 20,000 Trump rally, then 5% stock market correction Updated 6:51 a.m. The Emini began with a limit order open within Friday’s 4 hour range. This increases the chances of a lot of trading range trading today. Yet the 4 hour range is tight. The odds are that there will be a breakout and measured […]
Ask Al: Final steps to trading profitability
Many obstacles to trading profitabilityBPA trading room Q&A: February 16, 2016 Question: What were the final steps which you employed to become profitable? Video duration: 6min 50sec You can also view this video on Al’s YouTube Channel if needed. Get rich quick trading! There were so many steps along the way, right? The single […]
President Trump and January Effect stock market rally
Emini weekend update: January 21, 2017
Monthly S&P500 Emini futures candlestick chart: Breakout is losing momentum The monthly S&P500 Emini futures candlestick chart has a small bull doji bar so far this month. December was also small and had a tail on top. Therefore, the 3 month breakout is losing momentum. The monthly S&P500 Emini futures candlestick chart is in a […]
Trump rally above Dow 20,000 big round number
Intraday market update: January 20, 2017
Trump rally above Dow 20,000 big round number Updated 6:50 a.m. The Emini gapped up and formed 2 good bull bars. It was therefore Always In Long on the open. Yet, it is at the top of the 3 week tight trading range. This is therefore a test. The bulls want an early low of […]
Dow 20,000 buy climax at resistance
Intraday market update: January 19, 2017
Dow 20,000 buy climax at resistance Updated 6:54 a.m. The Emini reversed down from above yesterday’s high. Yet, both yesterday’s rally and today’s reversal were weak. This is still trading range price action, and it increases the odds of more throughout the day. Because yesterday was a small day, the 5 minute Emini chart is […]
Dow 20,000 Trump rally buy climax?
Intraday market update: January 18, 2017
Dow 20,000 Trump rally buy climax? Updated 6:47 a.m. The Emini began with a selloff from near yesterday’s high and then a rally from above yesterday’s low. Furthermore, it is also in the middle of a 5 week trading range. In addition, Friday was a Big Down, Big Up day. Hence, this is a trading […]