Emini and Forex Trading Update:Thursday January 21, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up and formed a huge bull trend and big bar yesterday on President Biden’s first day in office. Yesterday’s close will probably be tested several times over the next couple years. […]
Emini in tight trading range at top of 2-month bull channel ahead of Biden’s inauguration
Emini and Forex Trading Update:Wednesday January 20, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a doji bar yesterday on the daily chart, with Emini in tight trading range. It has been in a tight trading range for 9 days, and in a bull channel for […]
Emini weak High 2 bull flag in 2-month Small Pullback Bull Trend
Emini and Forex Trading Update:Tuesday January 19, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a bear bar on Friday on the daily chart. A bear bar is a bad buy signal bar for an Emini weak High 2 bull flag. That reduces the chance that […]
Market outlook for 2021: EURUSD Forex
Video duration 9min 13sec. Market outlook video reports for 2021: Market outlook for BitcoinMarket outlook for Bond futuresMarket outlook for Crude oilMarket outlook for S&P500 EminiMarket outlook for EURUSD ForexMarket outlook for Gold futures Video transcript Introduction Hi, everyone. I’m Al Brooks. Thank you so much for your attention. At the end of every day, […]
Emini’s January breakout above bull trend channel might be failing
Emini and Forex Trading Update:Friday January 15, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday was the 1st bear day in 8 days. It was an outside down bar, and it is a sell signal bar for today for a reversal down from above the 2-month bull channel. […]
Emini January buy climax ignoring impeachment
Emini and Forex Trading Update:Thursday January 14, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini triggered a High 1 buy signal yesterday by going above Tuesday’s high. But Tuesday was a doji bar and that is a weak buy signal bar. Yesterday barely closed above the buy […]
Emini has weak High 1 bull flag just below January all-time high
Emini and Forex Trading Update:Wednesday January 13, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a perfect doji bar yesterday, which is unusual. It came after 5 consecutive bull bars. It is a weak High 1 bull flag buy signal bar for a 2-day pullback from […]
Emini has 5 consecutive bull bars in January rally so bear bar likely today or tomorrow
Emini and Forex Trading Update:Tuesday January 12, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday closed with 5 consecutive bull bars on the daily chart. Since that is extreme, it increases the chance of a bear day today or tomorrow. But unless there is a strong reversal down, […]
Emini’s January buy climax is accelerating up, but increased chance of reversal down this week
Emini and Forex Trading Update:Monday January 11, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini is breaking above the top of the December bull channel. There is a 75% chance that the breakout will reverse down within about 5 bars. But with Friday and last week closing […]
Emini strong January rally breakout above bull channel should fail
Market Overview: Weekend Market Analysis The SP500 Emini futures bull trend is strong and traders expect higher prices. But it is breaking above bull channels on the daily and monthly charts, and any breakout above bull channel typically fails by about 5 bars. The bond futures market is breaking below a 9-month triangle and a […]
