Market ignoring London terror attack and Trump’s Russia Probe Update 6:49 a.m. The day opened above yesterday’s high and 2400, and reversed down from a 3 hour expanding triangle top. The 1st 2 bars were bear bars and therefore the Emini is Always In Short. Yet, the bodies were small and both had prominent tails. […]
Market ignoring London terror attack and Trump’s Russia Probe
Trump’s Mideast trip will not prevent 100 point correction
Intraday market update: May 23, 2017
Trump’s Mideast trip will not prevent 100 point correction Updated 6:54 a.m. Today opened above yesterday’s high. Furthermore, the week will likely begin to test down today or tomorrow. In addition yesterday had a small range. Finally, the magnet of the 60 minute moving average is around yesterday’s low. These factors increase the chance of […]
Possible island bottom after Trump’s island top
Intraday market update: May 22, 2017
Possible island bottom after Trump’s island top Updated 6:50 a.m. The Emini broke above yesterday’s high with 3 bull bars on the open. Yet, the odds favor an inside week with a lot of trading range price action. This reduces the chances of a strong trend day up or down. The Emini is Always In […]
Ask Al: China Futures Daily Q&A Part 1
China Futures Daily Q&A: Part 1 – Q1 to Q7 Al Brooks will visit China for a lecturing trip next month organized by the publisher of Al’s Trading Price Action books (Chinese versions). The exact schedule is not yet finalized and details will be published soon to help anyone interested in joining Al. To help […]
Trump, Russia, Comey, Mueller and a Emini buy climax
Emini weekend update: May 20, 2017
Monthly S&P500 Emini futures candlestick chart:Trump, Russia, Comey, Mueller and a Emini buy climax The monthly S&P500 Emini futures candlestick chart has a doji bar so far this month. Last month was a High 1 buy signal bar, and May triggered the buy by going above the April high. The monthly S&P500 Emini futures candlestick […]
Trump special counsel is catalyst for 100 point correction
Intraday market update: May 19, 2017
Trump special counsel is catalyst for 100 point correction Updated 6:58 a.m. The bulls got a trend from the open bull trend that rallied to last week’s low. Yet, the Emini stalled there. Therefore, last week’s low will be a magnet all day. Since there is a 3 day Big Down, Big Up pattern, a […]
Trump impeachment risk is catalyst for 5% correction
Intraday market update: May 18, 2017
Trump impeachment risk is catalyst for 5% correction Updated 6:48 a.m. The Emini reversed up from below yesterday’s low on the open. In addition, the 1st selloff failed and created a small double bottom. The bears want this reversal to fail, like yesterday. Yet, it is a reversal up from below a bear channel as […]
5 percent correction after Trump impeachment talks
Intraday market update: May 17, 2017
5 percent correction after Trump impeachment talks Updated 6:52 a.m. The Emini began with a big gap down to the bottom of the 3 week wedge rally. Yet, the 1st 2 bars were bull bars and the 1st one was strong. This therefore creates confusion. Hence, a trading range for the 1st hour or so […]
Trump rally breakout of 2400 should fail within 2 weeks
Intraday market update: May 16, 2017
Trump rally breakout of 2400 should fail within 2 weeks Updated 6:52 a.m. The Emini reversed down from above yesterday’s high and is Always In Short. Yet, the bulls want an opening reversal up from the moving average. They need a strong break to a new high of the day. At the moment, the best […]
Comey firing ending Trump rally around 2400 big round number
Intraday market update: May 15, 2017
Comey firing ending Trump rally around 2400 big round number Updated 6:53 a.m. The Emini gapped above Friday’s high and opened with a big bull trend bar. Yet, the second bar was a bear doji and therefore the follow-through buying was bad. Hence, this is a continuation of the 4 weeks of trading range price […]