Emini and Forex Trading Update:Friday January 3, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was the 1st day of the year. On a yearly chart, last year was a big bull bar closing on its high, late in a bull trend. That increased the chance of at […]
Market Update Report for the S&P500 Emini (ES) and Forex (EURUSD) will be available to logged-in Brooks Trading Course members at about 6:20am US Pacific Time each day. The update will be available to everyone, including visitors, about 2 hours after market open.
Emini’s 1st trading day of new decade
Emini and Forex Trading Update:Thursday January 2, 2020 I will update again at the end of the day. Pre-Open market analysis Today is the 1st day of the year and of the new decade. There is always a little more excitement and uncertainty at any major milestone like this. Everyone knows that the Emini is […]
Emini closing at high of decade on New Year’s Eve
Emini and Forex Trading Update:Tuesday December 31, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday sold off on the open. By trading below Friday’s low, the Emini triggered a sell signal on the daily chart. There is a parabolic wedge buy climax, and that often attracts profit-takers. The […]
Emini strongly up but possible minor yearend profit taking
Emini and Forex Trading Update:Monday December 30, 2019 I will update again at the end of the day. Pre-Open market analysis Friday was a bear bar and therefore a sell signal bar for today. There is a parabolic wedge buy climax on the daily chart. It is at the resistance of the top of the […]
Emini might preparing for gap up on yearly chart
Emini and Forex Trading Update:Friday December 27, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini had 3 small sideways days prior to yesterday. But yesterday’s late bull breakout changed the price action. It increased the chances of a stronger bull trend today and possible through the end […]
Emini yearend parabolic wedge buy climax but no reversal yet
Emini and Forex Trading Update:Thursday December 26, 2019 I will update again at the end of the day. Pre-Open market analysis Christmas week is typically the quietest week of the year. This year Christmas is on a Wednesday. Traders expect next week will be quiet as well. The Emini usually spends a lot of in […]
Emini is typically quiet during Christmas week
Emini and Forex Trading Update:Monday December 23, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini is in the final 7 trading days of the decade and the decade has been very strong. On the yearly chart (not shown) where each bar is one year, you would see […]
Emini might get minor profit taking after yesterday’s buy climax
Emini and Forex Trading Update:Friday December 20, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini broke above its 3 day tight trading range yesterday. Yesterday was a Small Pullback Bull Trend. That is a type of buy climax. That increases the chance of some trading range price […]
Emini in 3 day tight trading range around 3200
Emini and Forex Trading Update:Thursday December 19, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini traded in a tight trading range around the 3200 Big Round Number for the 3rd day yesterday. The chart is in Breakout Mode. However, until there is a breakout, day traders will […]
Emini stalling at 3200 Big Round Number ahead of impeachment
Emini and Forex Trading Update:Wednesday December 18, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini made another all-time high yesterday. However, yesterday was also another small trading range day that traded around the 3200 Big Round Number. Is the Emini stalling here because of the impeachment? Traders […]