China Futures Daily Q&A: Part 2 – Q8 to Q12 Al Brooks leaves for his China lecturing trip later today. Sadly, the exact schedule is still not finalized and details will be published as soon as available for anyone interested in joining Al. Here is the second part (Q8 – Q12) of Al’s China Futures […]
Growing Emini buy climax, but no trend reversal yet
Emini weekend update: May 27, 2017
Monthly S&P500 Emini futures candlestick chart:Breakout above bull flag The monthly S&P500 Emini futures candlestick chart has 2 trading days left in May. May is a bull entry bar after last month’s High 1 bull flag. Yet, it is around a measured move up from the 2014 – 2015 trading range. Furthermore, it had a […]
Profit taking around Amazon and Alphabet Google 1,000 Big Round Number
Intraday market update: May 26, 2017
Profit taking around Amazon and Alphabet Google 1,000 Big Round Number Updated 6:47 a.m. The Emini had many small dojis in a tight range for the final 3 hours yesterday. Today began with a doji and a tight trading range near the low of yesterday’s range. Because yesterday had a bull breakout above a 3 […]
Amazon and Google testing 1,000, lifting stock market
Intraday market update: May 25, 2017
Amazon and Google testing 1,000, lifting stock market Updated 6:54 a.m. The Emini gapped up to a new all-time high and above 2400 and the 2 month trading range. Yet, the 1st bar was a bear bar and the next was a doji. Furthermore, most days for the past week have had lots of reversals. […]
Market ignoring London terror attack and Trump’s Russia Probe
Intraday market update: May 24, 2017
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. […]
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 […]
