Market Overview: Weekend Market Update The Emini has a parabolic wedge buy climax at the 2825 resistance level and a loss of momentum. A 2 month pullback is more likely than a continued rally to a new all-time high. The crude oil futures chart is in a Spike and Channel bull trend. There is no […]
Trading the final hour | futures.io webinar
Trading the final hour Al Brooks delivered a webinar presentation with futures.io on Thursday March 28, 2019, covering a range of important trading behaviors and patterns. This webinar will help you gain proficiency when trading the final hour. Webinar topics Smart money in final hour Tight Trading Range at 12:45pm PT Buy The Close (BTC) […]
Emini buy climax and final trading day in March
Intraday market update: Friday March 29, 2019
Emini buy climax and final trading day in March I will update again at the end of the day. Pre-Open market analysis The Emini formed an inside day yesterday. But, it closed near the high and there is a micro double bottom on the daily chart. Yesterday is therefore a buy signal bar for today. […]
Emini at magnets of March open and low of last week
Intraday market update: Thursday March 28, 2019
Emini at magnets of March open and low of last week I will update again at the end of the day. Pre-Open market analysis As I wrote before yesterday’s open, yesterday was a bad sell signal bar on the daily chart. Although the Emini triggered the sell, it reversed up. The Emini is waiting for […]
Emini weekly and daily sell signal bars after 3 month rally
Intraday market update: Wednesday March 27, 2019
Emini weekly and daily sell signal bars after 3 month rally I will update again at the end of the day. Pre-Open market analysis Since Monday was a weak buy signal bar, there were likely to be more sellers than buyers above Monday’s high. And there were. Although yesterday gapped up, it sold off for […]
Emini weekly sell signal but at 20 day EMA
Intraday market update: Tuesday March 26, 2019
Emini weekly sell signal but at 20 day EMA I will update again at the end of the day. Pre-Open market analysis Yesterday traded below last week’s low and triggered a weekly sell signal. However, the day was a trading range day. Since it closed above its midpoint, it is a buy signal bar for […]
Emini nested buy climaxes above 2825 resistance
Intraday market update: Monday March 25, 2019
Emini nested buy climaxes above 2825 resistance I will update again at the end of the day. Pre-Open market analysis Friday completely reversed Thursday’s rally. Thursday was a buy climax. It followed an 8 bar bull micro channel, which is a bigger buy climax. Both are late in a 3 month buy climax. This is […]
Emini weekly sell signal and daily parabolic wedge top
Weekend market update: March 23, 2019
Market Overview The Emini has been rallying strongly for 3 months. But, there is parabolic wedge buy climax at resistance on the daily chart and a strong sell signal bar on the weekly chart. If the bulls do not resume their rally next week, the odds will begin to favor a 1 – 2 month […]
Yesterday’s strong Emini rally might form micro double top
Intraday market update: Friday March 22, 2019
Yesterday’s strong Emini rally might form micro double top I will update again at the end of the day. Pre-Open market analysis Yesterday was a strong bull trend day. By going above Wednesday’s high, it triggered a buy signal on the daily chart. But, Wednesday had a bear body and therefore was a weak buy […]
Weak Emini High 1 bull flag after March FOMC announcement
Intraday market update: Thursday March 21, 2019
Weak Emini High 1 bull flag after March FOMC announcement I will update again at the end of the day. Pre-Open market analysis Yesterday reversed up on the FOMC announcement, but sold off into the close. By trading below Tuesday’s low, it became the 1st pullback after an 8 bar bull micro channel on the […]