Emini and Forex Trading Update:Friday October 11, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini in the Globex session is up 28 points. Today will gap above the 4 week bear channel and possibly above the earlier high of the week. Last week’s reversal up from a […]
Emini in Breakout Mode and back in August trading range
Emini and Forex Trading Update:Thursday October 10, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini is back in the August trading range and it is again having abrupt big reversals up and down. Yesterday reversed Tuesday’s selloff. But since it was only a bull doji bar, it […]
Emini October island top after island bottom
Emini and Forex Trading Update:Wednesday October 9, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped down and formed a 2 day island top on the daily chart. It closed on its low and therefore erased much of last week’s island bottom and rally. The bulls need a […]
Emini stalled at August ledge top after bear trap
Emini and Forex Trading Update:Tuesday October 8, 2019 I will update again at the end of the day. Pre-Open market analysis After 2 buy climax days, yesterday was likely to have a lot of trading range price action. The Emini rallied for a few hours and then reversed down below the open. Yesterday is therefore […]
Emini bear trap and bull trend reversal above ledge
Emini and Forex Trading Update:Monday October 7, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini sold off strongly below the top of the August ledge last week. It then reversed up strongly, as it often does after an October selloff. The bull trend reversal had 2 big […]
Emini October bear trap sell climax and bull trend reversal
Market Overview: Weekend Market Update The Emini reversed up from a bear trap last week. It should test the top of last week’s sell climax at a minimum. Bond futures reversed most of the September pullback and are likely to go at least a little higher. Bitcoin has a minor bottom but should fall below […]
Ask Al: Full trading room Q&A session
Closing questions BPA trading room Q&A: September 3, 2019 Question: “When you became consistently profitable, did people give you a hard time about trading as a career?”Video duration: 15min 36sec <!– You can also view this video on Al’s YouTube Channel if needed. –> You’re a young guy, if you’re around in the ’80s […]
Emini has magnet below at 2940 August ledge top
Emini and Forex Trading Update:Monday September 23, 2019 I will update again at the end of the day. Pre-Open market analysis Friday was a surprisingly big bear day on the Emini daily chart. Since September 3, I have been saying that the Emini would break above the 2940 top of its 4 week range, but […]
Emini nested double top with July high but minor reversal
Market Overview: Weekend Market Update The Emini has a nested double top, but a minor reversal to below the 2940 ledge top is more likely than a bear trend. Crude oil had a brief rally and then reversal down this week. The rally was strong enough. The rally was strong enough to make at least […]
Emini minor double top just below July all time high
Emini and Forex Trading Update:Friday September 20, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday rallied to a wedge top that reversed down from above last week’s high. The rally got to within 7 points of the all-time high. Yesterday closed near its low and it is a […]
