Emini and Forex Trading Update:Wednesday February 12, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped up to the top of the 3 week wedge channel. It sold off to below Monday’s high and closed the gap. Since yesterday had a bear body on the daily chart, it […]
Emini outside up day but sellers above February high
Emini and Forex Trading Update:Tuesday February 11, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday traded below Friday’s low and then above Friday’s high. It was therefore an outside up day. The Emini then entered a tight trading range, as it usually does once it goes outside up. […]
Emini February rally is likely bull leg in trading range
Emini and Forex Trading Update:Monday February 10, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini pulled back from a new high on Thursday. The rally to the new high was strong enough to make one more leg up likely. The bulls might want a test down to […]
MoneyShow Orlando, Florida February 2020
Al Brooks: Trading when market is in a bull channel
Trading strategies Trading when a market is in a bull channel Al presented a strategies workshop at the MoneyShow Orlando event in Florida, USA, on Saturday, February 8, 2020. Based on his 30+ years as a trader, Al Brooks discussed how he classifies and trades a variety of bull channels. Al used Emini examples, but […]
Emini in Breakout Mode after January buy climax
Emini and Forex Trading Update:Tuesday February 4, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday had huge moves up and down, but it did not break above Friday’s high or below Friday’s low. It was therefore an inside day. Furthermore, it was the 6th day in a developing […]
January ends with extreme buy and sell climaxes in Emini
Emini and Forex Trading Update:Monday February 3, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini sold off strongly on Friday after Thursday’s strong rally. January closed near its low. It is a sell signal bar on the monthly chart. The sell signal will probably trigger early this […]
January is minor sell signal on Emini monthly chart
Market Overview: Weekend Market Update There is now a minor sell signal on the Emini monthly chart. The Emini is down 4%. Two weeks ago, I said it would probably fall at least 5%, starting within 3 weeks. It started 3 days later. Friday’s Bear Surprise Bar makes it likely that the Emini will fall […]
Emini might form weak monthly sell signal bar in January
Emini and Forex Trading Update:Friday January 31, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday closed near its high. It is a buy signal bar on the daily chart for a micro double bottom in a bull trend. I wrote this week that the Emini might have to […]
Emini Low 1 bear flag sell signal as January ends
Emini and Forex Trading Update:Thursday January 30, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini rallied for a 2nd day yesterday. The high got to within 7 points of the 3300 Big Round Number. I talked about how that was an important price in mid-January and therefore […]
Emini in pullback ahead of January FOMC announcement
Emini and Forex Trading Update:Wednesday January 29, 2020 I will update again at the end of the day. Pre-Open market analysis As I said was likely, yesterday rallied. The Emini was briefly oversold and many bears bought back their shorts. Yesterday is a buy signal bar for today. However, the odds still favor a 2nd […]
