Video duration: 12min 22sec Trading room breaking news What’s the news? I don’t know, and I don’t care, but it’s certainly a good bar for the bears. You’ve got a Head and Shoulders Top – left shoulder, head, right shoulder. I did nothing here, and I was too slow to sell that. That happened too […]
Emini weekly High 1 bull flag in April buy climax
Market Overview: Weekend Market Update The Emini should test down to 2500 – 2600 in May. There is a wedge top on the daily chart. But there are High 1 bull flag buy signals on both the daily and weekly charts. There will probably be one more brief leg up to the 20 week EMA […]
Emini wedge rally to 50% retracement of coronavirus crash
Market Overview: Weekend Market Update The Emini has reversed up strongly for 3 weeks. There is no top yet. However, the rally is probably a bull leg in what will become a trading range. Traders should expect a 2 week bear leg to begin by the end of the month. Bond futures had a blow-off […]
Ask Al: Depression? Recession? Where are we heading?
Trading room commentary: April 1, 2020 Commentary: Depression? Recession? Where are we heading?Video duration: 8min 7sec The market is going lower Remember I said on the 60-minute chart [last week] that I thought we had to go lower. I thought we really needed to get to this low or a little bit below, and maybe […]
