Al Brooks and Ali Moin Afshari are holding a 4-day workshop in Orlando, Florida, on Saturday June 1 through Tuesday June 4, 2024. See location info at the bottom. We have continued to receive requests from traders all over the world to hold such live events and we expect event to be sold out quickly. […]
Al Brooks Live Trading Workshop Orlando,
Emini Bears Want Bear Flag
Trading Update: Thursday April 25, 2024 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today 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 Bulls Want to Trap Bears at Midpoint of Channel
Trading Update: Wednesday April 24, 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 Likely to Get Deep Pullback
Trading Update: Tuesday April 23, 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 Support 5,000 Likely to Bounce
End of day video review Trading Update: Monday April 22, 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 […]
Bitcoin near all-time highs at 4th Halving
Market Overview: Bitcoin Bitcoin recent price action suggests a potential climax in buying pressure, transitioning the market from a strong uptrend into a sideways or even corrective phase. This weekend marks a pivotal event in Bitcoin’s history – the fourth halving. This built-in mechanism reduces the reward for mining new Bitcoin blocks by 50%, limiting […]
Disappointing EURUSD Follow-through selling
Market Overview: EURUSD Forex The bears got a disappointing EURUSD follow-through selling on the weekly chart. They hope that this week was simply a pullback and hope to get at least a small second leg sideways to down. The bulls want a reversal from a higher low major trend reversal, a larger wedge bull flag […]
Crude Oil Pullback
Market Overview: Crude Oil Futures The weekly chart formed a Crude Oil pullback closing as a bear bar with a prominent tail below. The bears will need to create consecutive bear bars closing near their lows to convince traders that they are back in control. If the market trades lower, the bulls want the 20-week […]
Emini Profit Taking
Market Overview: S&P 500 Emini Futures The market has entered an Emini profit-taking and pullback phase. The bears want at least a second leg sideways to down after a pullback. The bulls hope to get at least a small retest of the prior trend extreme high (Mar 21), even if it only leads to a […]
Nifty 50 Micro Double Bottom
Market Overview: Nifty 50 Futures Nifty 50 Micro Double Bottom on the weekly chart. This week, the market closed with a weak bearish tone. The candle shows a small bearish body with a long tail at the bottom. This weak close reduces the likelihood of a significant trend reversal. Instead, the bears might see a […]
Nasdaq 100 Close Below November 2021 Bull Body Gap
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures week is a big bear bar closing on its low far below the exponential moving average (EMA). The market also had a close below November 2021 bull body gap. On the daily chart, the market had a bear micro-channel with bear trend bars on 4 […]