brooks series

Support and resistance control all price action, and they are the basis for all trading. Here, we examine the intricacies of support and resistance in the context of price action trading.
Al Brooks provides bar-by-bar analysis on a five-minute chart of the previous day’s prices action in the E-mini S&P 500.
Markets are in constant search of a fair price. That search may result in small or large changes, depending on the state of the market cycle.
Complex technical indicators and fundamental analysis are challenging for the best traders, and unwieldy tools at best for the rest of us.
This first of six parts introduces the concept of price action trading and lays the foundation for a broader explanation of the technique.