Market Overview: S&P 500 Emini Futures The market is forming a weekly Emini third leg up after a one-bar pullback (last week). The bulls want another leg up completing the wedge in the third leg up with the first two legs being May 23 and June 28. The bears want a reversal from a higher […]
Nifty 50 Bull Channel Overshoot
Market Overview: Nifty 50 Futures Nifty 50 Bull Channel Overshoot on the weekly chart. The market this week closed slightly bullish, with a small tail at the top. It is moving towards the bull channel overshoot measured move target and has formed a small breakout gap, which could lead to a measuring gap measured move […]
Nasdaq 100 Big Bull Body Proportional to Bull Body of 6-10
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures week is a bull trend bar closing near its high with a small tail below. It is another new all-time high close above June 24 high, and a big bull body proportional to bull body of 6-10. On the daily chart, the market had uniform […]
DAX 40 Outside Up, Middle of TR, Bull Channel
Market Overview: DAX 40 Futures DAX futures went higher last week with a bull outside up bar. Bears tried to take control but couldn’t get much below 18000. Middle of a trading range in a bull channel, so still more likely sideways to up. We could go sideways here as traders decide what to do. […]
FTSE 100 Tight Trading Range, Above Support
Market Overview: FTSE 100 Futures FTSE 100 futures went sideways last week again, with a tight trading range in BO mode. The bears had a chance to pull back the market, but the buying has been relentless. You don’t want to trading countertrend with open breakout gaps below, the probability isn’t worth it. But the […]
Emini ES mid-year market review
Video duration: 10min 56sec. Mid-year market review transcript Hi everyone, I’m Al Brooks. Today is June 29th, 2024. I’m on a working vacation at Lake Tahoe. I’m currently at the top of Heavenly Valley Ski Resort’s mountain. I have Lake Tahoe in the background. The reason why I’m recording this today is because a couple […]
Emini Bull Profit Taking Soon
Trading Update: Friday July 5, 2024 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini Intra-Day Update Wednesday’s Emini setups Al created the SP500 Emini charts. Here are reasonable stop entry setups from Wednesday (early close before July 4 holiday). I show each buy entry bar with […]
Emini Likely Disappointed bulls today
Trading Update: Wednesday July 3, 2024 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini Intra-Day Update Yesterday’s Emini setups Al created the SP500 Emini charts. Here are reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell […]
Emini Reversal up from Test of 5,500 Round Number
Trading Update: Tuesday July 2, 2024 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Yesterday’s Emini setups Al created the SP500 Emini charts. Here are reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell entry bar with […]
Emini 2nd Leg Down to Moving Average Likely
Trading Update: Monday July 1, 2024 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Friday’s Emini setups Al created the SP500 Emini charts. Here are reasonable stop entry setups from Friday. I show each buy entry bar with a green arrow and each sell entry bar with […]
