Trading Opening Breakouts and Reversals Al Brooks gave a presentation with futures.io using a broad selection of slides from the #48 Trading the Open video series in the How to trade price action trading course. Here is the full webinar replay, including an extensive Q&A session at end from 45mins: Video duration 1hr 10min. […]
futures.io webinar: Tuesday 17 October
Emini buy climax awaiting a catalyst, likely Trump related
Intraday market update: October 18, 2017
Emini buy climax awaiting a catalyst, likely Trump related Updated 6:47 a.m. The Emini gapped to a new all-time high and above the measured move target on the daily chart. However, the 1st bar was a bear doji and traders have been selling new highs for 2 weeks. If the bulls get an early rally, […]
Emini October earnings reports, but buy climax increases risk
Intraday market update: October 17, 2017
Emini October earnings reports, but buy climax increases risk Updated 6:45 a.m. Today began with a small doji in the middle of yesterday’s range. This reduced the odds of a big trend day and it increases the odds that today will be another mostly trading range day. Additionally, it increases the chances for a trading […]
Trump, North Korea, Iran, Congress, and earnings are catalysts
Intraday market update: October 16, 2017
Trump, North Korea, Iran, Congress, and earnings are catalysts Updated 6:54 a.m. The Emini broke to a new all-time high on the open. However, there was selling above prior highs last week, and that therefore increases the chance of an early reversal down today. There is a measured move target on the daily chart at […]
Emini October earnings season pullback below 2500
Emini weekend update: October 14, 2017
Monthly S&P500 Emini futures candlestick chart:Extremely strong breakout, but climactic The monthly S&P500 Emini futures candlestick chart is in a 12 bar bull micro channel (every low is above the low of the prior bar). This is an extremely strong bull trend, but it is unsustainable and therefore climactic. Every bar on the monthly S&P500 […]
Emini weekly sell signal bar after bad JPM earnings
Intraday market update: October 13, 2017
Emini weekly sell signal bar after bad JPM earnings Updated 6:43 a.m. The Emini gapped above yesterday’s high and to a new all-time high, but sold off on the 1st bar. Since yesterday formed a big wedge bottom, the odds are that there will be at least 2 legs sideways to up today. Therefore, the […]
Emini buy climax waiting for October earnings reports
Intraday market update: October 12, 2017
Emini buy climax waiting for October earnings reports Updated 6:45 a.m. The Emini gapped down below the bull channel. The channel is probably evolving into a trading range. While the bulls tried for an opening reversal up from the 60 minute moving average, the 1st 2 bars were dojis. These are trading range bars. In […]
Emini buy climax going into earning October season
Intraday market update: October 11, 2017
Emini buy climax going into earning October season Updated 6:48 a.m. The Emini began with a doji at yesterday’s close. This is a continuation of yesterday’s 70 bar tight trading range. The bears want a wedge lower high after yesterday’s initial selloff. They then want a bear break below the wedge bull channel and a […]
Emini bull flag after early October buy climax
Intraday market update: October 10, 2017
Emini bull flag after early October buy climax Updated 6:59 a.m. The Emini gapped up and had 2 strong bull bars. Yet, the 4th bar was a bear bar closing on its low. The bulls got out below the bar, fearful that this could be a failed breakout to a new all-time high. Traders know […]
Emini bulls want follow-through buying after breakout and buy climax
Intraday market update: October 9, 2017
Emini bulls want follow-through buying after breakout and buy climax Updated 6:53 a.m. The Emini gapped above Friday’s high and therefore triggered a buy signal on the daily chart. However, the gap was small and the next 3 bars were strong bear bars. The Emini is Always in Short, and there is a 50% chance […]