Emini island bottom and measuring gap for test of 2800 I will update again at the end of the day Pre-Open market analysis The Emini gapped up yesterday and created a month-long island bottom. When there is a successful breakout, the Emini often goes sideways for a few days before resuming up. Therefore, a few […]
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 island bottom and measuring gap for test of 2800
Emini weak bull breakout of triangle on strong earnings reports
Intraday market update: April 17, 2018
Emini weak bull breakout of triangle on strong earnings reports I will update again at the end of the day Pre-Open market analysis The Emini had a weak bull trend yesterday. However, the rally broke above the top of the 4 week trading range. A weak rally can still lead to a big bull trend […]
Emini had outside down reversal from the 2017 close
Intraday market update: April 16, 2018
Emini had outside down reversal from the 2017 close I will update again at the end of the day Pre-Open market analysis The Emini reversed down on the open on Friday from a breakout above the top of the 3 week range. In addition, it failed to hold above the 2017 close. Both are resistance […]
Emini breakout attempt above triangle as earnings season begins
Intraday market update: April 13, 2018
Emini breakout attempt above triangle as earnings season begins I will update again at the end of the day Pre-Open market analysis The Emini gapped up above Wednesday’s close and rallied yesterday, but then went sideways. The bulls are trying to break above the 3 week trading range. However, the bears are trying to get […]
Emini in breakout mode awaiting Russia’s response to Syrian bombing
Intraday market update: April 12, 2018
Emini in breakout mode awaiting Russia’s response to Syrian bombing I will update again at the end of the day Pre-Open market analysis Yesterday was the second consecutive trading range day and a doji inside day. While it is at the top of a 3 week trading range, it is a weak sell signal bar. […]
Emini pausing at resistance while Trump decides on Syria attack
Intraday market update: April 11, 2018
Emini pausing at resistance while Trump decides on Syria attack Updated 6:45 a.m. Today opened just above yesterday’s low. Since yesterday was at the top of a 3 week trading range, it is a sell signal bar, even though it had a bull body. Therefore, the Emini today might have to go below yesterday’s low. […]
Emini in breakout mode awaiting Trump’s response to Syria and China
Intraday market update: April 10, 2018
Emini in breakout mode awaiting Trump’s response to Syria and China Updated 6:41 a.m. The Emini had a big gap up. It opened within the 3 hour trading range that formed at yesterday’s high. The odds are that it will be sideways for the 1st hour until it gets closer to the EMA, and then […]
Emini correction continuing during Trump’s trade war with China
Intraday market update: April 9, 2018
Emini correction continuing during Trump’s trade war with China Updated 6:43 a.m. The Emini gapped up. Resistance above is at the top of Friday’s sell climax around 2636. That is also near the open of the month and the 60 minute EMA. Support below is at Friday’s close and the EMA. Since Friday ended with […]
Emini weekly chart forming bull reversal bar after February low test
Intraday market update: April 6, 2018
Emini weekly chart forming bull reversal bar after February low test Updated 6:45 a.m. The Emini opened with a big gap down. The bulls got consecutive big bull bars and an Opening Reversal up from the 60 minute EMA. The Emini is Always In Long, and these 2 bull bars make a bear trend day […]
Tariff war but Emini wedge bottom at February low
Intraday market update: April 5, 2018
Tariff war but Emini wedge bottom at February low Updated 6:45 a.m. The Emini gapped up as expected. Since yesterday was a buy climax, the Emini will probably enter a trading range within a couple of hours. It might begin on the open. The bulls want to keep the gap open. If it closes, it […]