Market Overview: Crude Oil Futures The market formed a weekly Crude Oil wedge bull flag. The bulls want a breakout and a measured move based on the height of the tight trading range. The bears want the bear trend line or the 20-week EMA to act as resistance. If the market trades higher, they want […]
Bitcoin head and shoulders top at the major resistance of $100,000
Market Overview: Bitcoin This week, Bitcoin has kept trading around and above the $100,000 mark, the major resistance. This price level acts as a magnet, drawing attention as the major battleground for traders. With December marking the final month of the year, Bitcoin has already achieved an extraordinary 135% gain from its 2023 close—a testament […]
Weekly EURUSD Retest of the Recent Low
Market Overview: EURUSD Forex The market is forming a weekly EURUSD retest of the recent low (Nov 22). The bears want another leg down to complete the wedge pattern (the first two legs being Oct 23 and Nov 22). The bulls hope this week was simply a pullback and want at least another sideways to […]
Emini Bears Need Strong Follow-through Selling
Market Overview: S&P 500 Emini Futures The Emini bears need strong follow-through selling to convince traders that they are back in control. They hope to get a TBTL (Ten Bars, Two Legs) pullback lasting at least a few weeks. The bulls see this week simply as a pullback and want the market to resume higher. […]
Nifty 50 Inside Bar
Market Overview: Nifty 50 Futures Nifty 50 Inside Bar on the weekly chart. The market on the weekly chart has closed bullish this week. This is the first time, after a strong bear reversal attempt, that the bulls have managed to produce consecutive bullish bars. The market is currently trading within a bull channel and […]
Nasdaq 100 Doji Follow-Through to Breakout of All-Time High
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures week is a doji bull bar with a longer tail below, a prominent tail above and a small bull body. It is a doji follow-through to breakout of all-time high last week. On the daily chart, the market had three bear bars out of the […]
Emini Minor Reversal Likely
Trading Update: Friday December 13, 2024 Emini end of day video review Follow Joseph’s YouTube channel for more Al Brooks price action analysis. S&P Emini 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. […]
Emini Sideways to Down Likely
Trading Update: Thursday December 12, 2024 Emini end of day video review Follow Rose’s YouTube channel for more Al Brooks price action analysis.You can also watch Joseph’s EOD Review for today on his YouTube channel. S&P Emini market analysis Emini daily chart Emini 5-minute chart and what to expect today Yesterday’s Emini setups Al created […]
Emini Disappointed Bulls at the December High
Trading Update: Wednesday December 11, 2024 Emini end of day video review Follow Joseph’s YouTube channel for more Al Brooks price action analysis. S&P Emini 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. […]
Emini Likely to Reach November 11th high
Trading Update: Tuesday December 10, 2024 S&P Emini 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 a […]
