Post presidential debate stock market rally Updated 6:48 a.m. While the Emini gapped up and created another island bottom, the gap was small, yesterday’s tight trading range is a magnet, and the 1st bars were dojis. Hence, the odds are against a strong trend day today. Instead, today will probably have a lot of trading […]
Post presidential debate stock market rally
Post debate stock market breakout
Intraday market update: September 27, 2016
Post debate stock market breakout Updated 6:45 a.m. The Emini reversed up sharply from a bear breakout below a bear channel and from below yesterday’s low. It is back at the August 2 trading range low and the apex of the 5 day triangle. This is a sharp opening reversal at support. There is a […]
Island bottom and possible island top below all time high
Intraday market update: September 26, 2016
Island bottom and possible island top below all time high Updated 6:53 a.m. The Emini gapped down and formed a 2 day island top after last week’s lower high major trend reversal. While the 1st 2 bars had good bear bodies and today could become a trend from the open bear trend, it is more […]
Ask Al: Breakouts, when to exit or hold?
Breakout pullbacks — Exit or hold BPA trading room Q&A: October 2, 2015; June 28, 2016; July 6, 2016 Question 1: Al, if you buy a breakout, how do you determine when to get out breakeven and when to hold through the pullback? Video duration: 6min 02sec You can also view this video on Al’s […]
Stock market island bottom but October correction likely
Emini weekend update: September 24, 2016
Monthly S&P500 Emini futures candlestick chart:1st time Emini has ever had 8 consecutive bull trend bars so buy climax The monthly S&P500 Emini futures candlestick chart has one more week before the month closes. It has been staying around the open of the month. If Friday closes above the 2161.75 open of the month, September […]
FOMC rally created island bottom
Intraday market update: September 23, 2016
FOMC rally created island bottom Updated 6:59 a.m. The Emini sold off below yesterday’s low on the open. Yet the bears were unable to create big bear bars. The bulls want the selloff to reverse up from the test into yesterday’s gap and of the open of the month. Because yesterday was a small day, […]
FOMC report created failed bear flag
Intraday market update: September 22, 2016
FOMC report created failed bear flag I will update around 6:50 a.m. The Emini had a big gap up after yesterday’s buy climax. While it still might rally for about 10 bars in the 1st 2 hours, the odds are that by the end of the 2nd hour, it will have at least a couple […]
Market breakout after September FOMC interest rate hike announcement
Intraday market update: September 21, 2016
Market breakout after September FOMC interest rate hike announcement Updated 6:49 a.m. While the Emini gapped up and began with 2 bull bars, both had tails on top. The Emini is Always In Long, but at resistance. Neither bar was big, and they could not break above yesterday’s high or the daily moving average. Whenever […]
September FOMC fed interest rate hike stock market breakout
Intraday market update: September 20, 2016
September FOMC fed interest rate hike stock market breakout Updated 6:52 a.m. The Emini gapped up and sold off on the open. Yet, there was a bull body after the 1st big bear bar. This therefore is a sign that the bears lack conviction. Hence, it increases the chances that the selloff is a bear […]
Trading range before Wednesday’s September FOMC announcement
Intraday market update: September 19, 2016
Trading range before Wednesday’s September FOMC announcement Updated 6:55 a.m. While the Emini gapped above Friday’s high and began with consecutive bull bars, limit order bears made money. This therefore reduces the chances of a strong bull trend day. The Emini is Always In Long, yet the rally has not been strong. While it might […]
