Emini pullback at top of parabolic wedge buy climax I will update again at the end of the day. Pre-Open market analysis Wednesday was a sell signal bar on the daily chart. When yesterday gapped below Wednesday’s low, the Emini triggered the sell signal. However, yesterday rallied and closed above its open. It is now […]
Emini pullback at top of parabolic wedge buy climax
Emini parabolic wedge buy climax at 200 day moving average
Intraday market update: Thursday February 14, 2019
Emini parabolic wedge buy climax at 200 day moving average I will update again at the end of the day. Pre-Open market analysis The daily chart is testing the 200 day moving average. That chart also now has a parabolic wedge bull channel over the past 5 weeks. Furthermore, the 8 consecutive bull bars on […]
Eight consecutive bull bars on Emini weekly chart so climax
Intraday market update: Wednesday February 13, 2019
Eight consecutive bull bars on Emini weekly chart so climax I will update again at the end of the day. Pre-Open market analysis Yesterday rallied strongly and broke above last week’s high. The Emini is now testing the 200 day moving average, which has been resistance for several months. The bulls want the rally to […]
Emini pulling back from January parabolic wedge exhaustive buy climax
Intraday market update: Tuesday February 12, 2019
Emini pulling back from January parabolic wedge exhaustive buy climax I will update again at the end of the day. Pre-Open market analysis Yesterday triggered a buy signal on the daily chart by trading above Friday’s high. However, yesterday was a trading range day and it had a bear body on the daily chart. This […]
Emini daily bull flag but in weekly buy climax
Intraday market update: Monday February 11, 2019
Emini daily bull flag but in weekly buy climax I will update again at the end of the day. Pre-Open market analysis I was in Orlando on Thursday and Friday last week and therefore do not have Friday’s chart in today’s update. Friday was a bull reversal bar after a 3 day pullback. It is […]
MoneyShow Orlando, Florida February 2019
Al Brooks: End-of-Day Bull and Bear Traps
Al presented a workshop at the MoneyShow Orlando event in Florida, USA, on Friday, February 8, 2019. Workshop topic End-of-Day Bull and Bear Traps Based on his 30+ years as a trader, Al Brooks discussed many examples of common bull and bear traps that take place late in the day. A breakout or failed breakout […]
Emini parabolic wedge buy climax ending in sell zone
Intraday market update: Wednesday February 6, 2019
Emini parabolic wedge buy climax ending in sell zone I will update again at the end of the day. Pre-Open market analysis After Monday’s bull trend, yesterday was a trading range day. The Emini is just above the December 12 crash high. This in the sell zone on the daily chart. Since yesterday was a […]
Emini January parabolic wedge buy climax should end this week
Intraday market update: Tuesday February 5, 2019
Emini January parabolic wedge buy climax should end this week I will update again at the end of the day. Pre-Open market analysis After an early trading range, yesterday entered a Small Pullback Bull Trend. Furthermore, Friday was a pause after a 2 day breakout. The odds favor at least a 1 – 2 day […]
Emini buy climax in sell zone above December crash high
Intraday market update: Monday February 4, 2019
Emini buy climax in sell zone above December crash high I will update again at the end of the day. Pre-Open market analysis Most of the trading over the past 2 days has been sideways. Furthermore, traders are deciding if there will be one more small leg up after the strong bull trend days on […]
Weekly Emini January parabolic wedge buy climax testing crash high
Weekend market update: February 2, 2019
Market Overview The Emini reversed up sharply in January. It is now back in the middle of the 2018 trading range. While it will probably go a little higher, traders will look for a test down to 2,500 – 2,600 beginning in February. They will buy the selloff, expecting a 2nd leg up. The crude […]
