Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures week is a bull trend bar closing near its high with a small tail below. It is another new all-time high close above June 24 high, and a big bull body proportional to bull body of 6-10. On the daily chart, the market had uniform […]
Nifty 50 Bull Channel Overshoot
Market Overview: Nifty 50 Futures Nifty 50 Bull Channel Overshoot on the weekly chart. The market this week closed slightly bullish, with a small tail at the top. It is moving towards the bull channel overshoot measured move target and has formed a small breakout gap, which could lead to a measuring gap measured move […]
Emini ES mid-year market review
Video duration: 10min 56sec. Mid-year market review transcript Hi everyone, I’m Al Brooks. Today is June 29th, 2024. I’m on a working vacation at Lake Tahoe. I’m currently at the top of Heavenly Valley Ski Resort’s mountain. I have Lake Tahoe in the background. The reason why I’m recording this today is because a couple […]
Emini Bull Profit Taking Soon
Trading Update: Friday July 5, 2024 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini Intra-Day Update Wednesday’s Emini setups Al created the SP500 Emini charts. Here are reasonable stop entry setups from Wednesday (early close before July 4 holiday). I show each buy entry bar with […]
Emini Likely Disappointed bulls today
Trading Update: Wednesday July 3, 2024 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini Intra-Day Update 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 […]
Emini Reversal up from Test of 5,500 Round Number
Trading Update: Tuesday July 2, 2024 S&P Emini pre-open 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 […]
Emini 2nd Leg Down to Moving Average Likely
Trading Update: Monday July 1, 2024 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Friday’s Emini setups Al created the SP500 Emini charts. Here are reasonable stop entry setups from Friday. I show each buy entry bar with a green arrow and each sell entry bar with […]
Weekly Emini Micro Wedge
Market Overview: S&P 500 Emini Futures The market formed a weekly Emini micro wedge. The bears need to create a strong entry bar with follow-through selling to convince traders that they are at least temporarily back in control. If the market trades lower, the bulls want the pullback to form a higher low or a […]
No Crude Oil Breakout
Market Overview: Crude Oil Futures There is no Crude Oil breakout above the expanding triangle yet on the weekly chart. The bears want a reversal from a lower high major trend reversal, a double top bear flag (Apr 26 and Jun 28) and from around the top of the broadening triangle. The bulls hope to […]
Bitcoin Q2 2024: a Bearish Halving
Market Overview: Bitcoin The start of 2024 marked a pivotal moment for Bitcoin, as the long-awaited approval of the Bitcoin ETF opened the doors for a significant influx of institutional investment. This new source of demand coincided with the Bitcoin halving event in Q2, traditionally viewed as a bullish catalyst. However, as we highlighted in […]
