Market Overview: DAX 40 Futures DAX futures was a High 1 Bear Channel Pullback. It’s a major trend reversal on the daily timeframe but still always in short on the weekly. Confusion, sideways but probably more upside as we are struggling to get below the March lows. Both DAX and FTSE are looking stronger but […]
FTSE 100 double top pullback testing prior breakout
Market Overview: FTSE 100 Futures The FTSE futures market was a double top pullback testing the prior breakout. We have been going sideways for many weeks now so it’s a tight trading range ready to break out either way. The longer we go sideways the less steam the bears might have to push down further. The […]
Emini strong breakout above neckline of double bottom
Trading Update: Friday July 22, 2022 Emini pre-open market analysis Emini daily chart The bulls have done a great job getting consecutive bull closes above the June 28 high this week. This will likely lead to a successful bull breakout above neckline (June 28) of the double bottom (June 30 and July 14). Bulls want […]
Emini bulls want consecutive bull closes above June 28
Trading Update: Thursday July 21, 2022 Emini pre-open market analysis Emini daily chart The bulls got a follow-through bar following the July 19 bull breakout. They hope today will be another bull close which would create consecutive bull closes above June 28 and increase the probability of higher prices. Yesterday was also a close above […]
Emini bulls need strong follow-through after yesterday’s breakout
Trading Update: Wednesday July 20, 2022 Emini pre-open market analysis Emini daily chart The bulls had a strong breakout yesterday, closing above the July 8 high. The bulls need to get strong follow-through today to convince traders that the market is going higher. Bulls want yesterday to lead to a successful breakout of the neckline […]
Emini bulls disappointed after poor follow-through
Trading Update: Tuesday July 19, 2022 Emini pre-open market analysis Emini daily chart The market had a big outside down bar yesterday following a test of the July 7th bull close. The bulls are disappointed after yesterday’s poor follow-through. Yesterday was a reminder that the market is still in a trading range, and even though […]
Emini bulls want breakout above neckline of double bottom
Trading Update: Monday July 18, 2022 Emini pre-open market analysis Emini daily chart Bulls had a strong entry bar following last Thursday’s (July 14) double bottom high low major trend reversal signal bar. The strong follow-through last Friday increases the odds of higher prices. The bulls hope this is the rally that will lead to […]
Brooks trading room enhancement
Background It is hard to believe but Al has been providing the trading room webinars for 12 years now! As many traders know, he has cut back his days in the trading room because he is writing a new book, spending more time with his family, and resting his voice as much as possible. Our […]
Bitcoin micro double bottom at major support
Market Overview: Bitcoin Futures Bitcoin micro double bottom and attempt to end the bear trend, as they are trying to consolidate a short-term bottom; still, it is too early to believe that the end of the Major Drawdown is near. Bitcoin futures The Weekly chart of Bitcoin futures On prior reports, we have highlighted the […]
Nasdaq 100 tight trading range
Market Overview: NASDAQ 100 Emini Futures NASDAQ 100 tight trading range (TTR) for the last 4 weeks. Last week’s report had made a case for price going higher in the next few weeks, and for the market to go to the weekly exponential moving average (EMA). This is still valid. NASDAQ 100 Emini futures The […]
