How much per month can a swing trader make? Trading room audio extract — Monday September 14, 2020 Updated September 26, 2020 – rerecorded audio and transcript. Question: How much percent return per month do you think a swing trader can make? General guideline This is Al Brooks, and I’d like to talk a little […]
Emini testing August low and open of week
Emini and Forex Trading Update:Friday September 25, 2020 I will update again at the end of the day. Pre-Open market analysis Before yesterday’s open, I talked about the cluster of support at 3200. Support and resistance are magnets that draw the market to them. Yesterday dipped below 3200 and then rallied strongly back to the […]
Emini back below the August low after going outside down in September
Emini and Forex Trading Update:Thursday September 24, 2020 I will update again at the end of the day. Pre-Open market analysis I wrote over the weekend that traders would sell the 1st 1 – 3-day rally. Yesterday was the 3rd day up and traders sold the Emini aggressively all day. The Emini formed a big […]
Emini sideways to up through end of September
Emini and Forex Trading Update:Wednesday September 23, 2020 I will update again at the end of the day. Pre-Open market analysis On the open yesterday, the Emini triggered a buy signal on the daily chart by going above Monday’s high. I said that the Emini was likely to rally for a few days this week […]
Emini September selloff bounced at 10% pullback in cash index
Emini and Forex Trading Update:Tuesday September 22, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped down on the weekly chart yesterday. It sold off to the 20 week EMA and reversed up. After 3 consecutive bear bars on the weekly chart, a bull bar is likely […]
Emini outside down week might lead to outside down month
Emini and Forex Trading Update:Monday September 21, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini last week traded above the high of the week before and then below its low. Last week was an outside down candlestick on the weekly chart. That reduces the chance of a […]
Emini could form outside down candlestick in September
Market Overview: Weekend Market Analysis The SP500 Emini futures formed an outside down candlestick week and September might become an outside down month. Traders will sell rallies, expecting the selloff to reach 3,000 – 3,200. Bond futures are in the middle of a 6 month tight trading range. Traders are looking for reversals every few […]
Emini has double top bear flag and double bottom bull flag at 50 day MA
Emini and Forex Trading Update:Friday September 18, 2020 I will update again at the end of the day. Pre-Open market analysis By trading below Wednesday’s low yesterday, the Emini triggered a double top bear flag sell signal. But it reversed up from the 50 day MA, and yesterday is now a buy signal bar for […]
Emini double top bear flag
Emini and Forex Trading Update:Thursday September 17, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday broke above last week’s high, which triggered a weekly buy signal. But the setup was weak because last week was a bear bar after an outside down bar. Furthermore, the Emini reversed down […]
Emini neutral ahead of final FOMC meeting before election
Emini and Forex Trading Update:Wednesday September 16, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was a small bear doji day near the top of a 6 day tight trading range. The bulls are trying to break above last week’s high and then test 3500. But the bears […]
