Emini and Forex Trading Update:Monday January 13, 2020 I will update again at the end of the day. Pre-Open market analysis Friday was an outside down day on the daily chart. Since it came from the 3rd leg up over the past 2 weeks, the bears are hoping for at least a couple legs down […]
Market analysis video report for 2020
Market analysis on what to expect in 2020 Video duration 50min 41sec. Al Brooks presents an in-depth market analysis video for six important markets: Emini S&P 500, Bonds, EURUSD Forex, Crude Oil, Gold and Bitcoin. Video topics timing 00:00 Introduction 01:46 Emini S&P 500 22:35 Bonds 30:48 EURUSD Forex 36:00 Crude Oil 38:50 Gold 40:40 […]
Emini stalling at last year’s high after Iran news
Market Overview: Weekend Market Update I only have time for a brief update this weekend. However, I created a video of what to expect over the coming year and it will be available here soon on my trading course’s website. The Emini broke above last year’s high, but there was immediate profit-taking on Friday’s Iran […]
Emini 1st 2020 trading day was buy climax above 2019 high
Emini and Forex Trading Update:Friday January 3, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was the 1st day of the year. On a yearly chart, last year was a big bull bar closing on its high, late in a bull trend. That increased the chance of at […]
Emini’s 1st trading day of new decade
Emini and Forex Trading Update:Thursday January 2, 2020 I will update again at the end of the day. Pre-Open market analysis Today is the 1st day of the year and of the new decade. There is always a little more excitement and uncertainty at any major milestone like this. Everyone knows that the Emini is […]
Emini closing at high of decade on New Year’s Eve
Emini and Forex Trading Update:Tuesday December 31, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday sold off on the open. By trading below Friday’s low, the Emini triggered a sell signal on the daily chart. There is a parabolic wedge buy climax, and that often attracts profit-takers. The […]
Emini strongly up but possible minor yearend profit taking
Emini and Forex Trading Update:Monday December 30, 2019 I will update again at the end of the day. Pre-Open market analysis Friday was a bear bar and therefore a sell signal bar for today. There is a parabolic wedge buy climax on the daily chart. It is at the resistance of the top of the […]
Emini expectations for the next decade
Market Overview: Weekend Market Update The Emini is closing out the decade at a new high after opening the decade near the low. This increases the chance for a couple weeks of profit-taking in early January, or possibly beginning on Monday. However, Thursday might gap up. If it did, there would then be a gap […]
Emini might preparing for gap up on yearly chart
Emini and Forex Trading Update:Friday December 27, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini had 3 small sideways days prior to yesterday. But yesterday’s late bull breakout changed the price action. It increased the chances of a stronger bull trend today and possible through the end […]
Emini yearend parabolic wedge buy climax but no reversal yet
Emini and Forex Trading Update:Thursday December 26, 2019 I will update again at the end of the day. Pre-Open market analysis Christmas week is typically the quietest week of the year. This year Christmas is on a Wednesday. Traders expect next week will be quiet as well. The Emini usually spends a lot of in […]