Emini and Forex Trading Update:Tuesday March 2, 2021 I will update again at the end of the day. Pre-Open market analysis Friday was a 2nd consecutive big bear day on the daily chart. That has not happened since the 10% corrections in September and October. It made a 10% correction likely. However, yesterday was a […]
Emini had a bear follow-through day on Friday after Thursday’s selloff
Emini and Forex Trading Update:Monday March 1, 2021 I will update again at the end of the day. Pre-Open market analysis Friday was the last day of February. It closed below the middle of the month, which is slightly bearish because of the parabolic wedge on the monthly chart – a bear follow-through day. On […]
Emini finally had 2 consecutive big bear days so 10% correction has probably begun
Market Overview: Weekend Market Analysis The SP500 Emini futures finally had consecutive big bear days on the daily chart. It will probably correct 10% over the next few weeks. Bond futures on the monthly chart collapsed down to support. There should be a short covering bounce in March. The EURUSD Forex market has a wedge […]
Traders are deciding if Emini will close below month midpoint today
Emini and Forex Trading Update:Friday February 26, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini sold off yesterday to below Wednesday’s low, totally erasing that rally. Traders are still deciding whether the Emini will close below month midpoint today, and in early stages of a 10% correction, […]
Emini testing 4,000 Big Round Number at end of February
Emini and Forex Trading Update:Thursday February 25, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini had a 2nd strong bull day yesterday. This increases the chance of a test of the all-time high, and possibly the Emini testing 4000 Big Round Number within the next couple weeks. […]
Emini High 2 Buy signal bar at end of February
Emini and Forex Trading Update:Wednesday February 24, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini pulled back for a 6th day yesterday. This is the longest pullback since the 10% corrections in September and October. Traders are deciding if this pullback will reach 10% or reverse back […]
Emini has 1st 5-day pullback since October
Emini and Forex Trading Update:Tuesday February 23, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini pulled back again yesterday. While yesterday was a bull doji, which is not bearish, it was the 5th day down from the all-time high. This is the 1st 5-day pullback since October, […]
Emini gapping down at end of February
Emini and Forex Trading Update:Monday February 22, 2021 I will update again at the end of the day. Pre-Open market analysis Emini gapping down today after being in a tight trading range for 9 days. The buy climax since November has been extreme. The bears are hoping that the bulls will take profits into the […]
Scalping series: #01 Rules for scalping
Video duration 28min 05sec. Rules for scalping — Video transcript Introduction Hi, everyone. I’m Al Brooks. Thank you so much for your attention. I’m creating a series of videos on scalping. The first video is going to be about the rules for scalping, and then the other videos in the series will be about […]
Emini has late February sell signal on weekly and daily charts
Market Overview: Weekend Market Analysis The SP500 Emini futures chart is in a strong bull trend, but this week formed a late February sell signal bar on the weekly chart. Traders will continue to buy 1- to 3- day pullbacks until there are consecutive big bear days. They then will wait for a 10% correction […]