Emini outside up day after failed Low 2 top I will update again at the end of the day. Pre-Open market analysis Yesterday triggered a Low 2 sell signal on the daily chart. But, the bulls then rallied to above yesterday’s high and created an outside up day. This is a sign of strength. However, […]
Emini outside up day after failed Low 2 top
Emini rally weakening in sell zone above February low
Intraday market update: Thursday January 10, 2019
Emini rally weakening in sell zone above February low I will update again at the end of the day. Pre-Open market analysis The Emini broke above another resistance level yesterday by going above the December 12 low. Since November was a bull doji on the monthly chart, it was a weak sell signal. Consequently, the […]
Emini January rally in sell zone despite buying pressure
Intraday market update: Wednesday January 9, 2019
Emini January rally in sell zone despite buying pressure I will update again at the end of the day. Pre-Open market analysis The Emini again reversed up at the February low yesterday. The bulls want the 3 week rally to continue to a new all-time high. Even if that were to happen, there will probably […]
Emini now in sell zone at resistance of the February low
Intraday market update: Tuesday January 8, 2019
Emini now in sell zone at resistance of the February low I will update again at the end of the day. Pre-Open market analysis Yesterday rallied strongly on the open to close back above the February low. Back on December 24 at the bear low, I said this was likely to happen. But, I said […]
Emini triggered weekly buy signal but still likely bear rally
Intraday market update: Monday January 7, 2019
Emini triggered weekly buy signal but still likely bear rally I will update again at the end of the day. Pre-Open market analysis Last week broke above and closed above the high of the week before. That triggered a buy signal on the weekly chart. However, there is resistance around the February and October lows […]
Strong Emini rally testing February and October lows
Weekend market update: January 5, 2019
Market Overview The Emini reversed up strongly over the past 2 weeks. On December 24, I said that there would probably be a rally that would be strong enough to make traders wonder if the bull trend has resumed. The rally probably will go higher, but it is still likely just a strong bull leg […]
Emini pullback from strong December sell climax reversal
Intraday market update: Friday January 4, 2019
Emini pullback from strong December sell climax reversal I will update again at the end of the day. Pre-Open market analysis Yesterday sold off on the open, but then formed a big trading range day. The selloff was in a bear channel, which is a bull flag. The odds favor a bull breakout of the […]
2019 Market outlook analysis
Duration: 14 mins Al Brooks’ 2019 Market outlook video report Al was invited by Cam Hawkins (TradingNut.com) to create a video as part of a “2019 Market Predictions” special podcast episode that Cam is putting together. Here is Al’s contribution. You can see this video on Al’s YouTube channel if needed.
Emini outside up in minor reversal from sell climax
Intraday market update: Thursday January 3, 2019
Emini outside up in minor reversal from sell climax I will update again at the end of the day. Pre-Open market analysis Yesterday gapped down below Monday’s low. That triggered a weak Low 1 sell signal on the daily chart. As was likely, there were buyers below. Yesterday rallied above Monday’s high, forming an outside […]
Emini bear rally in January after December sell climax
Intraday market update: Wednesday January 2, 2019
Emini bear rally in January after December sell climax I will update again at the end of the day. Pre-Open market analysis Monday formed an inside day on the daily chart. It did not trigger the sell signal on the daily chart by going below Friday’s low. Likewise, it did not trigger the weekly buy […]