Emini triggered weekly buy signal but still likely bear rally I will update again at the end of the day. Pre-Open market analysis Last week broke above and closed above the high of the week before. That triggered a buy signal on the weekly chart. However, there is resistance around the February and October lows […]
Emini triggered weekly buy signal but still likely bear rally
Strong Emini rally testing February and October lows
Weekend market update: January 5, 2019
Market Overview The Emini reversed up strongly over the past 2 weeks. On December 24, I said that there would probably be a rally that would be strong enough to make traders wonder if the bull trend has resumed. The rally probably will go higher, but it is still likely just a strong bull leg […]
Emini pullback from strong December sell climax reversal
Intraday market update: Friday January 4, 2019
Emini pullback from strong December sell climax reversal I will update again at the end of the day. Pre-Open market analysis Yesterday sold off on the open, but then formed a big trading range day. The selloff was in a bear channel, which is a bull flag. The odds favor a bull breakout of the […]
2019 Market outlook analysis
Duration: 14 mins Al Brooks’ 2019 Market outlook video report Al was invited by Cam Hawkins (TradingNut.com) to create a video as part of a “2019 Market Predictions” special podcast episode that Cam is putting together. Here is Al’s contribution. You can see this video on Al’s YouTube channel if needed.
Emini outside up in minor reversal from sell climax
Intraday market update: Thursday January 3, 2019
Emini outside up in minor reversal from sell climax I will update again at the end of the day. Pre-Open market analysis Yesterday gapped down below Monday’s low. That triggered a weak Low 1 sell signal on the daily chart. As was likely, there were buyers below. Yesterday rallied above Monday’s high, forming an outside […]
Emini bear rally in January after December sell climax
Intraday market update: Wednesday January 2, 2019
Emini bear rally in January after December sell climax I will update again at the end of the day. Pre-Open market analysis Monday formed an inside day on the daily chart. It did not trigger the sell signal on the daily chart by going below Friday’s low. Likewise, it did not trigger the weekly buy […]
Emini weekly buy signal bar on New Year’s Eve
Intraday market update: Monday December 31, 2018
Emini weekly buy signal bar on New Year’s Eve I will update again at the end of the day. Friday was a bear bar on the daily chart after a 2 day pullback from a sell climax. It is therefore a sell signal bar in the bear rally. However, the 2 day rally was very […]
Emini reversed up from sell vacuum test of bull trend line
Weekend market update: December 29, 2018
Market Overview The Emini daily chart had an extreme sell climax, but reversed up this week. Traders should expect the bear rally to create a trading range for several weeks. Then, there will probably be a break to a new low. The bond futures monthly chart is in a bear rally. This could last for […]
Emini sell signal bar but after sell climax
Intraday market update: Friday December 28, 2018
Emini sell signal bar but after sell climax I will update again at the end of the day. Pre-Open market analysis Yesterday was a 2nd consecutive big bull trend day after an extreme sell climax down to the monthly bull trend line. This increases the chance of higher prices. In addition, the bears will want […]
Emini FOMO rally from sell climax at monthly bull trend line
Intraday market update: Thursday December 27, 2018
Emini bear rally from sell climax at monthly bull trend line I will update again at the end of the day. Pre-Open market analysis Before the open yesterday, I said that yesterday would probably be a bull trend day. This is because there were 10 consecutive bear bars on the daily chart and that has […]
