Emini weekly bull flag below all-time high Updated 6:55 a.m. The Emini opened with a sideways series of bars that had prominent tails and small bodies. While it is Always In Long from yesterday, this is trading range price action. It therefore increases the chances of a lot more of it today. This is especially […]
Emini weekly bull flag below all-time high
September Emini 100 point correction
Intraday market update: September 6, 2016
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 […]
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 […]
