Market Overview: S&P 500 Emini Futures The market formed a weekly Emini big bull bar closing near its high. The bulls need to create follow-through buying following this week’s strong breakout to increase the odds of testing the trend channel line. The bears see this week’s big bull bar as part of a developing buy […]
Weak Crude Oil Bull Doji
Market Overview: Crude Oil Futures The market formed a weak Crude Oil bull doji closing below the 20-week EMA. The bulls want a reversal from a double bottom bull flag (Oct 1 and Oct 29). They must create bull bars trading above the 20-week EMA to increase the odds of testing the October 8 high. […]
Weekly EURUSD Second Leg Sideways to Down
Market Overview: EURUSD Forex The market formed a weekly EURUSD second leg sideways to down to test near the June low. The bears want a retest of the April and the October lows. The bulls see the current move as a sell vacuum and a bear leg within a trading range. They want the June […]
Bitcoin hits new all-time high of $77300
Market Overview: Bitcoin This week, Bitcoin hit a new all-time high, surpassing the previous peak set on March 14, 2024, after trading below it for several months. Since then, a test of this high has been anticipated, fueled by the strong bull breakout that began early in 2024. Our reports have consistently emphasized the likelihood […]
Nasdaq 100 Bull Breakout to New All-Time High Close
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures week is a surprise bull breakout to new all-time high close, just above the prior all-time high. On the daily chart, the market had a big bull breakout of the exponential moving average (EMA) on Wednesday with good follow-through on Thursday after the election results. […]
Nifty 50 2nd Leg Down
Market Overview: Nifty 50 Futures Nifty 50 2nd Leg Down on the weekly chart. This week, the market closed weakly with long tails on both ends, and it’s currently trading in a narrow bear channel near a swing low that is acting as support. The market has now started a second leg down after a […]
Emini Profit Taking at 6,000 Round Number
Trading Update: Friday November 8, 2024 S&P Emini market analysis Emini daily chart Emini 5-minute chart and what to expect today Yesterday’s Emini setups Richard created the SP500 Emini chart – Al travelling. Here are reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell entry […]
Emini Unable to Escape 6,000 Round Number
Trading Update: Thursday November 7, 2024 Emini end of day video review Follow Rose’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 chart. Here are reasonable stop entry setups from yesterday. […]
Emini Bulls Want Reversal Up to 6,000
Trading Update: Wednesday November 6, 2024 Emini end of day video review 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 […]
Al Brooks Trading Room Session Recap
Open house session (November 1) recap by Louie Wong Visit Louie’s YouTube channel for more price action analysis (Chinese) Transcript We all know that if you have a pair of trend bars with at least one of them being big enough, there is a higher probability to see the trend from the open. Which is […]
