September Emini 100 point correction Updated 6:55 a.m. The Emini gapped above Friday’s bull flag, but formed a tight trading range. This increased the chances for a lot of trading range price action today and reduced the chances for a strong trend up or down. Because the all-time high is only 10 points higher, the […]
September Emini 100 point correction
Ask Al: Book recommendation trade probabilities
Trade probabilities and managementBPA trading room Q&A: July 17, 2015 Question: Which book do you recommend for learning to identity trade probabilities and trade management?Audio duration: 7min 55sec Book recommendations? I don’t read books; I write books. I know that sounds narcissistic and I probably am a narcissist, but I don’t have an answer as […]
September or October stock market correction
Emini weekend update: September 3, 2016
Monthly S&P500 Emini futures candlestick chart:September or October stock market correction The monthly S&P500 Emini futures candlestick chart had its 7th consecutive bull trend bar last month. Although today is early in the month, there is a 70% chance that September will close below its open. While the monthly S&P500 Emini candlestick chart in August […]
September unemployment jobs report breakout
Intraday market update: September 2, 2016
September unemployment jobs report breakout Updated 6:48 a.m. The Emini has sold off for 8 days and yesterday reversed up from the bottom of the month-long trading range. It also rallied on the unemployment report before the open today. While it gapped up on the open, it formed doji bars just below the August 29 […]
September unemployment report and Federal Reserve interest rate hike
Intraday market update: September 1, 2016
September unemployment report and Federal Reserve interest rate hike Updated 6:50 a.m. The Emini stalled at the 60 minute moving average and the top of yesterday’s tight trading range. This is trading range price action. Yesterday’s 3 hour bull channel is a bear flag. Therefore, there is only a 25% chance of a strong bull […]
September 2016 stock market correction
Intraday market update: August 31, 2016
September 2016 stock market correction Updated 6:56 a.m. The Emini opened with a tight trading range just above yesterday’s low and the open of the month. This is a breakout mode setup. Because the Emini was unable to reverse strongly above the open of the month yesterday and did not reach the open of the […]
End of month and unemployment report stock market catalysts
Intraday market update: August 30, 2016
End of month and unemployment report stock market catalysts Updated 6:57 a.m. Because today might be a 2nd inside day, traders sold the early test of yesterday’s high. This was a lower high major trend reversal, but there was no good sell signal bar and no strong bear breakout. The bulls want to get above […]
August bear reversal bar
Intraday market update: August 29, 2016
August bear reversal bar Updated 6:51 a.m. The Emini rallied on the open and broke above the 60 minute moving average and the 50% pullback level. Yet, the 1st 2 bars had prominent tails and the 3rd bar was a small bar. This reduces the chances of a big bull trend day. The bulls need […]
Ask Al: Trading range days—Two legs or swing
Trading range day swing tradingBPA trading room Q&A: August 12, 2016 Question: I bought the 17 close — okay, that makes sense — for a swing trade using a wide stop, then scaled in on the way down and took the loss. Okay.Video duration: 7min 11sec You can also view this video on Al’s […]
Weekly chart outside down bar sell signal
Emini weekend update: August 27, 2016
Monthly S&P500 Emini futures candlestick chart: Probable bear month The monthly S&P500 Emini futures candlestick chart has 3 days left before the bar closes on Wednesday. It is now a doji candlestick pattern in a 7 bar bull micro channel. That is a buy climax and the odds favor a 1 – 3 bar (month) […]