Emini expanding triangle top Updated 7:02 a.m. While the bears want a 2nd leg down from yesterday’s strong selloff, the initial selling today had bad follow-through. A Leg 1 = Leg 2 Measured Move down is near the bottom of the 3 week trading range. The Emini is Always In Short, yet the bears have […]
Emini expanding triangle top
August stock market correction
Intraday market update: August 1, 2016
August stock market correction Update around 7:11 a.m. The Emini sold off to the 60 minute moving average and the bottom of Friday’s parabolic bull channel. Yet, the follow-through was bad. Limit order bulls and bears made money in the first 6 bars. This increases the chances of the trading range price action of the […]
Ask Al: Always In and Major Trend Reversal trading analysis
Always In and Major Trend Reversal trading setups BPA trading room Q&A: November 6, 2015 Question: Could you give your perspective on the day for Always In trading and Major Trend Reversals? Video duration: 2min 33sec You can also view this video on Al’s YouTube Channel if needed. Always In trading From an Always In […]
August stock market crash unlikely
Emini weekend update: July 30, 2016
Monthly S&P500 Emini futures candlestick chart: Strong breakout to a new all-time high The monthly S&P500 Emini futures candlestick chart had a big bull trend bar closing on its high. The gap is the space between the close of this month and the high of last month. This is a strong bull breakout. However, it […]
Day trading the last day of the month
Intraday market update: July 29, 2016
Day trading the last day of the month Updated around 6:57 a.m. The Emini opened at the 60 minute moving average, which is the middle of the 12 day tight trading range. The 1st bar was a big bull trend bar, but the follow-through was bad. This reduces the chances of an hour or two […]
Day trading an August stock market bear trend
Intraday market update: July 28, 2016
Day trading an August stock market bear trend Updated 6:55 a.m. The Emini had consecutive outside days within a tight trading range. Hence, there is resistance to breaking out above or below the prior day. An outside day, especially within a tight trading range, increases the chances of an inside day. Consecutive outside days increase […]
How to trade July FOMC Report
Intraday market update: July 27, 2016
How to trade July FOMC report Updated 6:55 a.m. The Emini reversed down from above yesterday’s high and from 2 ticks below last’s week’s all-time high. However, the selloff had bull bars after bear bars. This is more typical of a weak bear trend, a trading range, or an Opening Reversal. Since the Emini is […]
Day trading the FOMC report tomorrow
Intraday market update: July 26, 2016
Getting ready to day trade tomorrow’s FOMC report: Updated 6:59 a.m. The Emini opened with a Trend From The Open Bull Trend. There is no Parabolic Wedge Top yet. The odds are that the 1st reversal down will be bought. While the rally is a buy vacuum test of yesterday’s high and a possible high […]
Democratic Convention stock market rally
Intraday market update: July 25, 2016
Democratic Convention stock market rally: Updated 6:55 a.m. Like most days over the past 2 weeks, the Emini sold off on the open. Then bulls again want an opening reversal, today, at the 60 minute moving average, and an early low of the day. The bears want a strong breakout below the 60 minute moving […]
Ask Al: Trading psychology issues
Lacking confidence, making mistakes, and fear BPA trading room Q&A: October 13, 2015 Question: I was able to read the price action pretty well today, but have a hard time trusting my read. Do you ever have the same problem, and do you have any suggestions? Video duration: 8min 10sec You can also view this […]
