Emini and Forex Trading Update:Friday April 3, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was a trading range day, but it closed on its high. I said early this week that the pullback would probably only last 2 – 3 days. The bulls want yesterday to be […]
Emini sideways into April unemployment report after March sell climax
Emini and Forex Trading Update:Thursday April 2, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday triggered a sell signal on the daily chart after the 1st pullback to the EMA in a bear trend. However, following a 7 day bull micro channel, the bears will probably need at […]
Emini pullback likely before Friday’s April unemployment report
Emini and Forex Trading Update:Wednesday April 1, 2020 I will update again at the end of the day. Pre-Open market analysis By going above last week’s high yesterday, the Emini triggered a weekly buy signal. But since last week had a big tail on top and the bear trend was so strong, the buy setup […]
Emini end of quarter window dressing after coronavirus crash
Emini and Forex Trading Update:Tuesday March 31, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini rallied in a weak Bull Trend From The Open yesterday. It then went sideways for several hours. There was late trend resumption up, and the Emini broke above yesterday’s high late in […]
Emini end of quarter window dressing after March coronavirus crash
Emini and Forex Trading Update:Monday March 30, 2020 I will update again at the end of the day. Pre-Open market analysis Friday was an inside day. It is therefore both a buy and sell signal bar for today. Since it was a doji bar, it will probably not lead to a big more up or […]
Emini expanding triangle bottom and short covering rally in April
Market Overview: Weekend Market Update The Emini reversed up from an extreme parabolic wedge sell climax. The 1st leg up of the short covering rally could last several weeks. In a few months, it might reach 2,800 – 3,000. Traders should expect a trading range for a couple months and probably all year. The bond […]
Emini outside up week after March sell climax
Emini and Forex Trading Update:Friday March 27, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini again yesterday traded above last week’s high, but it could not get far above it until late. It was in a trading range for most of the day, just above last week’s […]
Emini strong short covering rally after March coronavirus collapse
Emini and Forex Trading Update:Thursday March 26, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday formed a 2nd consecutive bull day. It was therefore confirmation that Tuesday’s breakout will probably be the start of a strong short covering rally. However, the late selloff was a reminder […]
Trading Price Action: 5 Thoughts on Protective Stops
Webinar for McMillan Analysis Corporation
Video duration 1 hr 4 mins Hosted by Al Brooks, MD Professional Trader, Author, Lecturer, and Daily Trading Room Presenter Price action is any representation of price movement of any financial instrument, on any type of chart and on any timeframe. Every trader needs to use stops. For most traders, stops based on price […]
Emini short covering rally will lead to April trading range
Emini and Forex Trading Update:Wednesday March 25, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped up and rallied. But the bulls were unable to maintain control and the day entered a trading range. Because it closed near its high, there is an increased chance of higher prices […]
