For Monday November 15, 2021 Full Emini and Forex daily reports will only be issued when Al is in the Trading Room. See sidebar calendar for “No Webinar” days when this “SP500 Emini trade setups” post will replace the daily report. Here are several reasonable stop entry setups from yesterday. I show each buy entry […]
Emini retesting 4700 Big Round Number
Trading Update: Monday November 15, 2021 Emini pre-open market analysis Emini daily chart Strong reversal up on Friday after 5 consecutive bear bars. Emini is testing the 4700 Big Round Number. The November 5th top came from just below the top of the 15-month bull channel. Some traders believe that the resistance was not adequately […]
Emini weak pullback from parabolic wedge buy climax
Market Overview: Weekend Market Analysis SP500 Emini weak pullback phase on daily chart following a parabolic wedge buy climax at a trend channel line. Pullback from a parabolic wedge buy climax typically has at least a small 2nd sideways to down leg. The bulls want a test of the trend extreme. The EURUSD Forex is […]
Al Brooks – Price Action Trading Expert (Learn from Him!)
Desire to Trade video podcast In this trader interview, Etienne Crete from Desire to Trade, sits down with Al Brooks, the best price action trader he (and many others) know of. Etienne notes that Al is an absolute legend when it comes to price action – something we all know very well here. Enjoy! […]
Emini’s November parabolic wedge reversal should be minor
Trading Update: Wednesday November 10, 2021 Emini pre-open market analysis Emini daily chart Monday was a sell signal bar for a parabolic wedge reversal buy climax that was testing the top of the 6-month bull channel. Yesterday triggered the sell signal by breaking below Monday’s low. Since yesterday closed below its midpoint and below Monday’s […]
SP500 Emini trade setups
For Monday November 8, 2021 Full Emini and Forex daily reports will only be issued when Al is in the Trading Room. See sidebar calendar for “No Webinar” days when this “SP500 Emini trade setups” post will replace the daily report. Here are several reasonable stop entry setups from yesterday. I show each buy entry […]
Emini at top of parabolic wedge and bull channel
Trading Update: Monday November 8, 2021 Emini pre-open market analysis Emini daily chart Parabolic wedge and bull channel rally (October 7, October 26, November 5) at top of bull channel (May 7, September 2, November 5). Probably 1 to 3 days of profit taking this week, possibly started on Friday. Friday was a bear bar […]
Emini parabolic wedge buy climax at top of bull channel
Al added some comments to report Market Overview: Weekend Market Analysis The SP500 Emini futures daily chart is in a very strong bull trend. However, there is now an Emini parabolic wedge buy climax and it is at the top of a bull channel. This should attract some profit taking next week, but the reversal […]
Emini possible minor reversal from parabolic wedge buy climax after FOMC
Trading Update: Friday November 5, 2021 Emini pre-open market analysis Emini daily chart Extremely strong bull trend. Will gap up today. Parabolic wedge buy climax that is testing top of tight bull channel at 4693 created by October 7 and September 2 highs. Next targets are 4700 Big Round Number and top of channel created […]
SP500 Emini setups
For Wednesday November 3, 2021 Full Emini and Forex daily reports will only be issued when Al is in the Trading Room. See sidebar calendar for “No Webinar” days when this “SP500 Emini trade setups” post will replace the daily report. Here are several reasonable stop entry setups from yesterday. I show each buy entry […]