Emini triggered buy signal after FOMC but weak entry bar I will update again at the end of the day Pre-Open market analysis Yesterday was an FOMC report day. The report led to a break above Tuesday’s high. That triggered a buy signal on the daily chart. However, the Emini immediately reversed down strongly. It […]
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 triggered buy signal after FOMC but weak entry bar
Emini Breakout Mode awaiting today’s May FOMC announcement
Intraday market update: May 2, 2018
Emini Breakout Mode awaiting today’s May FOMC announcement I will update again at the end of the day Pre-Open market analysis Yesterday began in a weak bear channel and spent most of the 1st 4 hours in tight trading ranges. It reversed up strongly from a wedge bottom in the middle of the day and […]
Emini weak monthly buy signal bar ahead of May’s FOMC announcement
Intraday market update: May 1, 2018
Emini weak monthly buy signal bar ahead of May’s FOMC announcement I will update again at the end of the day Pre-Open market analysis Yesterday was the final day in April. April was a bull bar on the monthly chart. However, it was a doji bar with a big tail on top. This makes it […]
Emini at apex of triangle ahead of Wednesday’s May FOMC
Intraday market update: April 30, 2018
Emini at apex of triangle ahead of Wednesday’s May FOMC I will update again at the end of the day Pre-Open market analysis Today is the last day of April and it therefore affects the monthly chart. At the moment, April has a bull body, but a tail on top. It is a buy signal […]
Emini reversing Tuesday’s bear trend and creating monthly buy signal bar
Intraday market update: April 27, 2018
Emini reversing Tuesday’s bear trend and creating monthly buy signal bar I will update again at the end of the day Pre-Open market analysis Wednesday was a buy signal bar on the daily chart. Since yesterday was a bull day, it was a good entry bar for the bulls. They are trying to reverse Tuesday’s […]
Emini monthly chart trying to form bull reversal buy signal bar in April
Intraday market update: April 26, 2018
Emini monthly chart trying to form bull reversal buy signal bar in April I will update again at the end of the day Pre-Open market analysis The Emini has been in a trading range for 3 months. On yesterday morning, I said that the bears would probably be disappointed by a lack of follow-through selling […]
Emini sell climax after Alphabet Google earnings
Intraday market update: April 25, 2018
Emini sell climax after Alphabet Google earnings I will update again at the end of the day Pre-Open market analysis The Emini had a huge bear trend day yesterday. It traded below the open of the month. The bulls want the month to have bull body when it closes on Monday. However, this selloff was […]
Weekly Emini Low 2 bear flag but weak sell signal bar
Intraday market update: April 24, 2018
Weekly Emini Low 2 bear flag but weak sell signal bar I will update again at the end of the day Pre-Open market analysis The Emini yesterday formed another trading range day. Since last week was a doji bar on the weekly chart, it is a weak sell signal. Yesterday fell below that low and […]
Emini weekly sell signal bar at 2700 Big Round Number resistance
Intraday market update: April 23, 2018
Emini weekly sell signal bar at 2700 Big Round Number resistance I will update again at the end of the day Pre-Open market analysis Last week closed below its open and therefore was a reversal bar on the weekly chart. Although it had a bear body, it was not a big bear bar closing on […]
Emini island top after island bottom in 3 month trading range
Intraday market update: April 20, 2018
Emini island top after island bottom in 3 month trading range I will update again at the end of the day Pre-Open market analysis I said before the open yesterday that there was an increased chance of a bear trend day after 3 days in a tight bull channel on the 5 minute chart. Furthermore, […]