Emini bull flag, but buy climax at 2350 resistance Updated 6:46 a.m. The Emini finally pulled back to the 60 minute moving average. The bulls wanted an Opening Reversal up from that average, but were unable to create strong buy signal bars. The bears want the second leg down, after yesterday’s strong selloff, to fall […]
Emini bull flag, but buy climax at 2350 resistance
Emini stock market parabolic buy climax near 2350 resistance
Intraday market update: February 16, 2017
Emini stock market parabolic buy climax near 2350 resistance Updated 6:50 a.m. The Emini began with small sideways bars. Hence, it tetsed yesterday’s high. The odds are that there will be at least 2 hours of sideways to down trading. Furthermore, there is better than a 50% chance that today will have a bear body […]
Emini all time high breakout is testing 2375 measured move target
Intraday market update: February 15, 2017
Emini all time high breakout is testing 2375 measured move target Updated 6:53 a.m. The gap down on the open created a Big Up, Big Down pattern with yesterday’s close. It therefore created confusion and it increased the odds of a trading range for the 1st hour or two. The bulls want to test yesterday’s […]
Emini strong all time high breakout but buy climax
Intraday market update: February 14, 2017
Emini strong all time high breakout but buy climax Updated 6:48 a.m. The Emini opened with a doji bar between yesterday’s 2 trading ranges. It reversed down and then up. In addition, bull and bear scalpers made money in the 1st few bars. These factors increase the chances that today will stay mostly within yesterday’s […]
Emini wedge top so stock market 5% correction soon
Intraday market update: February 13, 2017
Emini wedge top so stock market 5% correction soon Updated 6:52 a.m. The Emini gapped up and rallied in a trend from the open bull trend. Yet, it is at the top of a channel on the daily chart. This rally is therefore more likely a buy vacuum test of resistance than the start of […]
Ask Al: Silver market analysis
Silver market analysis question BPA trading room Q&A: July 25, 2016 Question 1: Will you talk about silver? Video duration: 5min 21sec You can also view this video on Al’s YouTube Channel if needed. Silver market follows gold Silver, as most traders know, tends to go hand-in-hand with gold. Monthly chart of silver. Now, this […]
Emini wedge top leading to 5% 130 point stock market correction
Emini weekend update: February 11, 2017
Monthly S&P500 Emini futures candlestick chart:Bull trend losing momentum The monthly S&P500 Emini futures candlestick chart currently has 4 consecutive bull trend bars. Yet, the bodies are shrinking and it is at the top of a protracted tight bull channel. While it might reach the measured move targets before pulling back, the odds favor a […]
Emini 2300 all time high breakout but wedge top
Intraday market update: February 10, 2017
Emini 2300 all time high breakout but wedge top Updated 6:49 a.m. The Emini gapped up, but began with 2 bars with prominent tails. Furthermore, there was hesitation for the 1st 4 bars. The bulls want a repeat of yesterday’s early breakout. But, the bears want to continue to make money selling above prior highs. […]
Emini Island bottom after second failed island top
Intraday market update: February 9, 2017
Emini Island bottom after second failed island top Updated 6:50 a.m. Because today gapped up, it continued yesterday’s bull channel. Yet, the odds still favor a break below the channel because traders see bull channels as bear flags. The odds are that a channel will lead to a trading range instead of a new bull […]
Double top, micro double top, and island top will create 5% March correction
Intraday market update: February 8, 2017
Double top, micro double top, and island top will create 5% March correction I will update around 6:49 a.m. The Emini gapped down and did not have a bull body for the 1st 4 bars. It is therefore Always In Short. While today gapped down, the gap was small. In addition the 1st 3 bars […]