Intraday market update: Wednesday April 3, 2019 I will update again at the end of the day. Pre-Open market analysis I mentioned before the open yesterday that yesterday would probably have at least 2 hours of trading range trading. That was because Monday’s rally was weak and therefore likely to transition into trading range price […]
Emini weekly buy signal and breakout above March high
Intraday market update: Tuesday April 2, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday had a big gap up, but then a weak bull trend. By going above last week’s high, the Emini triggered a weekly buy signal. The rally broke and closed above the March 22 high […]
Emini monthly chart strong first quarter losing momentum
Intraday market update: Monday April 1, 2019 I will update again at the end of the day. Pre-Open market analysis On the monthly chart, the Emini has rallied for 3 months. But, the bodies have been shrinking, which indicates a loss of momentum. March had a relatively small range and small body. It therefore increases […]
Emini parabolic wedge climax top and loss of momentum
Market Overview: Weekend Market Update The Emini has a parabolic wedge buy climax at the 2825 resistance level and a loss of momentum. A 2 month pullback is more likely than a continued rally to a new all-time high. The crude oil futures chart is in a Spike and Channel bull trend. There is no […]
Trading the final hour | futures.io webinar
Trading the final hour Al Brooks delivered a webinar presentation with futures.io on Thursday March 28, 2019, covering a range of important trading behaviors and patterns. This webinar will help you gain proficiency when trading the final hour. Webinar topics Smart money in final hour Tight Trading Range at 12:45pm PT Buy The Close (BTC) […]
Emini buy climax and final trading day in March
Intraday market update: Friday March 29, 2019
Emini buy climax and final trading day in March I will update again at the end of the day. Pre-Open market analysis The Emini formed an inside day yesterday. But, it closed near the high and there is a micro double bottom on the daily chart. Yesterday is therefore a buy signal bar for today. […]
Emini at magnets of March open and low of last week
Intraday market update: Thursday March 28, 2019
Emini at magnets of March open and low of last week I will update again at the end of the day. Pre-Open market analysis As I wrote before yesterday’s open, yesterday was a bad sell signal bar on the daily chart. Although the Emini triggered the sell, it reversed up. The Emini is waiting for […]
Emini weekly and daily sell signal bars after 3 month rally
Intraday market update: Wednesday March 27, 2019
Emini weekly and daily sell signal bars after 3 month rally I will update again at the end of the day. Pre-Open market analysis Since Monday was a weak buy signal bar, there were likely to be more sellers than buyers above Monday’s high. And there were. Although yesterday gapped up, it sold off for […]
Emini weekly sell signal but at 20 day EMA
Intraday market update: Tuesday March 26, 2019
Emini weekly sell signal but at 20 day EMA I will update again at the end of the day. Pre-Open market analysis Yesterday traded below last week’s low and triggered a weekly sell signal. However, the day was a trading range day. Since it closed above its midpoint, it is a buy signal bar for […]
Emini nested buy climaxes above 2825 resistance
Intraday market update: Monday March 25, 2019
Emini nested buy climaxes above 2825 resistance I will update again at the end of the day. Pre-Open market analysis Friday completely reversed Thursday’s rally. Thursday was a buy climax. It followed an 8 bar bull micro channel, which is a bigger buy climax. Both are late in a 3 month buy climax. This is […]
