Emini weak breakout above 3 month triangle bull flag I will update again at the end of the day Pre-Open market analysis The Emini broke above the April 18 major lower high, but pulled back. The odds are that the bull trend will resume this week. This means that the 4 sideways days are more […]
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 weak breakout above 3 month triangle bull flag
Emini sell signal bar but minor reversal in bull flag
Intraday market update: May 18, 2018
Emini sell signal bar but minor reversal in bull flag I will update again at the end of the day Pre-Open market analysis Yesterday was a bear reversal day. The odds are that the Emini daily chart is still forming a bull flag. However, if the bears get a couple big bear days, the odds […]
Emini weak buy signal yesterday and back above April high
Intraday market update: May 17, 2018
Emini weak buy signal yesterday and back above April high I will update again at the end of the day Pre-Open market analysis The Emini rallied in a trending trading range day yesterday. It was the 2nd day in a bull flag on the daily chart. The odds are that the daily chart will go […]
Emini sell signal and test of 2700 big round number
Intraday market update: May 16, 2018
Emini sell signal and test of 2700 big round number I will update again at the end of the day Pre-Open market analysis The Emini gapped down and triggered a sell signal on the daily chart yesterday. Since yesterday was not a big bear day, it was not a strong sell entry bar. Because yesterday […]
Emini rally hesitating at April high during Israel embassy crisis
Intraday market update: May 15, 2018
Emini rally hesitating at April high during Israel embassy crisis I will update again at the end of the day Pre-Open market analysis The Emini daily chart had an 8 bar rally with shrinking bull bodies for 4 days. The odds were that yesterday would not be a bull trend day. It was a trading […]
Emini pullback from breakout above April high and triangle
Intraday market update: May 14, 2018
Emini pullback from breakout above April high and triangle I will update again at the end of the day Pre-Open market analysis The Emini 5 minute chart reversed down on Friday after breaking above the April high. When there is a breakout on the daily chart, the Emini often goes sideways for a few days […]
Emini triggered monthly buy signal on breakout above April high
Intraday market update: May 11, 2018
Emini triggered monthly buy signal on breakout above April high I will update again at the end of the day Pre-Open market analysis The Emini rallied strongly yesterday and traded above the April high. This triggered a buy signal on the monthly chart. However, after 3 days in a bull channel on the 5 minute […]
Emini buy signal and test of 2700 big round number
Intraday market update: May 10, 2018
Emini buy signal and test of 2700 big round number I will update again at the end of the day Pre-Open market analysis The Emini triggered buy signals on the daily and weekly charts yesterday. It was in a small pullback bull trend, and it tested the 2700 Big Round Number. The rally will probably […]
Emini ignoring Trump pulling out of Iran deal
Intraday market update: May 9, 2018
Emini ignoring Trump pulling out of Iran deal I will update again at the end of the day Pre-Open market analysis By trading below Tuesday’s low on the daily chart, yesterday triggered a sell signal. Yet, Monday was a doji and therefore a weak sell signal. In addition, yesterday was a trading range day and […]
Emini bulls want breakout above 2700 and bull trend resumption
Intraday market update: May 8, 2018
Emini bulls want breakout above 2700 and bull trend resumption I will update again at the end of the day Pre-Open market analysis The Emini had a trading range day yesterday. Since it closed just below the open, it was a bear doji bar on the daily chart. There was therefore no follow-through buying after […]