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 […]
Market outlook for 2021: S&P500 Emini
Video duration 28min 09sec. 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 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 […]
Emini outside up bar for 1st week of 2021
Emini and Forex Trading Update:Friday January 8, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a 3rd consecutive bull trend day. While it is overbought, traders will keep buying until there is a clear top, or a strong reversal down. There is a measured move target […]
Emini climactic test of last year’s high occurred yesterday
Emini and Forex Trading Update:Thursday January 7, 2021 I will update again at the end of the day. Pre-Open market analysis After Monday triggered the yearly buy signal by going above last year’s high (an outside up candlestick), it immediately reversed down. This often happens with higher time frame signals. When a buy signal bar […]
Emini ioi bull flag after OO Breakout Mode and ahead of Georgia election
Emini and Forex Trading Update:Wednesday January 6, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday was a bull inside day after Monday was a huge outside down day. It is therefore an ioi buy signal bar for today (inside-outside-inside). But, remember, Thursday and Monday were consecutive outside bars. […]
Emini failed gap up on daily, weekly, monthly, and yearly charts
Emini and Forex Trading Update:Tuesday January 5, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped up to a new all-time high on the daily, weekly, monthly, and yearly charts. However, the Emini immediately sold off and formed a big bear trend — a failed gap up. Yesterday […]