Emini and Forex Trading Update:Thursday October 1, 2020 I will update again at the end of the day. Pre-Open market analysis Today is the 1st day of October. The Emini in September formed an outside down month with a big bear body. That makes some sideways to down trading likely. But September had a big […]
Emini should test 3400 before next leg down
Emini and Forex Trading Update:Wednesday September 30, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini reversed up from a small wedge bottom last week on the daily chart. It normally would have at least a small 2nd leg up. However, with the insanity of last night’s presidential […]
Emini weekly High 2 Buy but at 50-day MA
Emini and Forex Trading Update:Tuesday September 29, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up on the weekly chart and triggered a weak High 2 buy signal. It also triggered a wedge bull flag buy signal on the daily chart. Yesterday closed back above the […]
Emini has late September weekly High 2 buy signal
Emini and Forex Trading Update:Monday September 28, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini is reversing up from a small wedge bottom on the daily chart. When Friday went above Thursday’s high, it triggered a minor wedge bottom buy signal. The rally should last a few […]
Emini outside down sell signal bar in September
Market Overview: Weekend Market Analysis The SP500 Emini futures market reversed up from a small wedge bottom this week and it should be sideways to up through the end of the month on Wednesday. After September became an Emini outside down month in a strong bull trend, traders expect September to close above the August […]
Ask Al: Swing trader percentage return per month?
How much per month can a swing trader make? Trading room audio extract — Monday September 14, 2020 Updated September 26, 2020 – rerecorded audio and transcript. Question: How much percent return per month do you think a swing trader can make? General guideline This is Al Brooks, and I’d like to talk a little […]
Emini testing August low and open of week
Emini and Forex Trading Update:Friday September 25, 2020 I will update again at the end of the day. Pre-Open market analysis Before yesterday’s open, I talked about the cluster of support at 3200. Support and resistance are magnets that draw the market to them. Yesterday dipped below 3200 and then rallied strongly back to the […]
Emini back below the August low after going outside down in September
Emini and Forex Trading Update:Thursday September 24, 2020 I will update again at the end of the day. Pre-Open market analysis I wrote over the weekend that traders would sell the 1st 1 – 3-day rally. Yesterday was the 3rd day up and traders sold the Emini aggressively all day. The Emini formed a big […]
Emini sideways to up through end of September
Emini and Forex Trading Update:Wednesday September 23, 2020 I will update again at the end of the day. Pre-Open market analysis On the open yesterday, the Emini triggered a buy signal on the daily chart by going above Monday’s high. I said that the Emini was likely to rally for a few days this week […]
Emini September selloff bounced at 10% pullback in cash index
Emini and Forex Trading Update:Tuesday September 22, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped down on the weekly chart yesterday. It sold off to the 20 week EMA and reversed up. After 3 consecutive bear bars on the weekly chart, a bull bar is likely […]
