Market Overview: Nifty 50 Futures Nifty 50 Inside Bar on the weekly chart. This week, the market closed with a small bull bar following a strong bear bar that had closed near its low. The bull bar represents weak follow-through for the bear bar and is more likely to result in a trading range than […]
Emini Bears Want 2nd Leg Down
Trading Update: Friday December 27, 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 Bear Trap Then Small Pullback Bull Trend
Trading Update: Thursday December 26, 2024 Emini end of day video review Follow Joseph’s YouTube channel for more Al Brooks price action analysis. Monday’s (pre-Christmas) Emini setups Here are reasonable stop entry setups from Monday (before Christmas break). I show each buy entry bar with a green arrow and each sell entry bar with a […]
Emini Bulls Likely Disappointed Today
Trading Update: Monday December 23, 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 Friday’s Emini setups Al created the SP500 Emini charts. Here are reasonable stop entry setups from Friday. […]
Emini Pullback to the 20-Week EMA
Market Overview: S&P 500 Emini Futures The market formed an Emini pullback to the 20-week EMA on the weekly chart. The bulls see this week simply as a pullback and want the market to resume higher from a double bottom bull flag (Nov 4 and Dec 20). The bears hope to get a TBTL (Ten […]
Bulls Want a Crude Oil Breakout
Market Overview: Crude Oil Futures The bulls want a Crude Oil breakout to retest the top of the triangle from a wedge bull flag (Oct 29, Nov 18, and Dec 6). The bears want a retest of the October/September lows and the bottom of the triangle from a wedge bear flag (Nov 7, Nov 22, […]
EURUSD Retest the Recent Low
Market Overview: EURUSD Forex The EURUSD retest the recent low (Nov 22) this week. The bears want a strong breakout and measured move based on the height of the trading range. The bulls want a reversal from a large double bottom bull flag (Oct 3 and Nov 22), a higher low major trend reversal and […]
Bitcoin Major Wedge Top on Daily Chart fall below $100,000
Market Overview: Bitcoin This week, Bitcoin reached a new all-time high of approximately $108,000 on Tuesday. Following the FOMC meeting, a sharp decline ensued, with the price dropping about $10,000 and visiting the previous week’s low. The 5-week bull micro channel ended with an outside down bar, suggesting a potential market transition. Despite this volatility, […]
Nifty 50 Bull Flag
Market Overview: Nifty 50 Futures Nifty 50 Bull Flag on the weekly chart. This week, the market formed a strong bearish bar, closing near its low, yet it remains within the bull channel. For the bull trend to reverse, bears need a strong follow-through bar and a decisive breakout below the bull channel. Currently, the […]
Nasdaq 100 Likely Seen High of 2024
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures week is a big outside down bear bar with big tails. It is the biggest bar since August 2024. We have also likely seen high of 2024. Note -Continuous contract has been rolled over to use the March 2025 contract. On the daily chart, the […]
