Emini outside down week in buy climax before tax reform Updated 6:54 a.m. Today gapped above the 60 minute moving average and the daily measured move target. It is close to yesterday’s high, which is a magnet. However, after a bull reversal day, a trading range is more likely than a strong bull trend. Consequently, […]
Emini outside down week in buy climax before tax reform
Emini ioi bull flag in buy climax before Trump’s tax reform and cut
Intraday market update: October 25, 2017
Emini ioi bull flag in buy climax before Trump’s tax reform and cut Updated 7:05 a.m. The bears got an early, strong break below yesterday’s low. They closed Friday’s gap up, which is now an exhaustion gap. The Emini is Always In Short. However, the bears need follow-through selling to convince traders that the selloff […]
Gap down will create Emini October island top
Intraday market update: October 24, 2017
Gap down will create Emini October island top Updated 6:48 a.m. The Emini gapped far above yesterday’s bear channel, but sold off on the open. The bears want a strong break below Thursday’s high to close the gap on the daily chart. They then want a big bear trend day. However, because today gapped far […]
Emini parabolic buy climax and possible island top, but no reversal yet
Intraday market update: October 23, 2017
Emini parabolic buy climax and possible island top, but no reversal yet Updated 6:50 a.m. The Emini had a small gap up, but it closed on the open. The bears began with 3 consecutive bear bars. This created a Big Up, Big Down, Big Confusion pattern with Friday’s close and it makes a trading range […]
Buy climax at 30th anniversary of 1987 stock market crash
Emini weekend update: October 21, 2017
Monthly S&P500 Emini futures candlestick chart:Protracted buy climax Every bar for the past 11 months has a low above the low of the prior month on the monthly S&P500 Emini futures candlestick chart. This is therefore a 12 bar bull micro channel. Although this means the bull trend is strong, it is also a buy […]
30 year anniversary of 1987 crash, but unlikely to repeat
Intraday market update: October 20, 2017
30 year anniversary of 1987 crash, but unlikely to repeat Updated 6:49 a.m. The Emini gapped far above the all-time high, but began with 2 bear bars. While that makes the Emini Always In Short, the open of the 1st bar is also the high of the day. Since days rarely have their high exactly […]
Emini October wedge top and buy climax, but no trend reversal
Intraday market update: October 19, 2017
Emini October wedge top and buy climax, but no trend reversal Updated 6:42 a.m. The Emini opened with a big gap down, but then had a big bar with a big tail on top. This is Big Down, Big Up, Big Down, which means Big Confusion. It therefore makes a trading range likely. Furthermore, it […]
futures.io webinar: Tuesday 17 October
Trading Opening Breakouts and Reversals
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. […]
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 […]
