Emini island top and weekly sell signal before FOMC Updated 6:45 a.m. The Emini opened with a continuation of yesterday’s strong rally, but had a bear bar on the 2nd bar. The rally is a parabolic wedge, While the Emini is Always In Long, this is a buy climax. Therefore, many bulls will wait for […]
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 top and weekly sell signal before FOMC
Emini in breakout mode awaiting March FOMC announcement
Intraday market update: March 19, 2018
Emini in breakout mode awaiting March FOMC announcement Updated 6:45 a.m. By gapping below Friday’s low, the Emini triggered a sell signal on the weekly chart. The bulls tried for a reversal on the 2nd bar, but it had a tail. While the Emini is Always In Short, the bulls will try for an early […]
Emini weekly sell signal bar before Wednesday’s FOMC announcement
Intraday market update: March 16, 2018
Emini weekly sell signal bar before Wednesday’s FOMC announcement Updated 6:47 a.m. The Emini opened with consecutive bull bars breaking above yesterday’s 2 hour bull channel. Yet, both had tails and stalled at the 60 minute EMA. At the moment, the Emini is Always in Long, but the bulls need a strong breakout above the […]
Trump’s tariffs and congressional loss creating double top
Intraday market update: March 15, 2018
Trump’s tariffs and congressional loss creating double top Updated 6:43 a.m. Today opened within yesterday’s 4 hour trading range. The bulls will try to form a higher low and an early reversal up from above yesterday’s low. They want the early selling to be a pullback after yesterday’s expanding triangle bottom. They need a convincing […]
Emini double top and outside down sell signal bar
Intraday market update: March 14, 2018
Emini double top and outside down sell signal bar Updated 6:42 a.m. The day began with a gap up above the 60 minute moving average, far above yesterday’s low. This greatly reduces the chances of a big selloff far below yesterday’s low. It therefore makes a trading range day or a bull reversal day likely. […]
Emini double top with February 27 but tight bull channel
Intraday market update: March 13, 2018
Emini double top with February 27 but tight bull channel Updated 6:43 a.m. The Emini tested above yesterday’s high early today. The bears want a reversal down to below yesterday’s low. Since yesterday was a small day and a trading range day, there is an increased chance of an outside down day today. The bulls […]
Emini has an ioi bull flag and 20 Gap Bar buy setup on the weekly chart
Intraday market update: March 12, 2018
Emini has an ioi bull flag and 20 Gap Bar buy setup on the weekly chart Updated 6:43 a.m. The Emini had a gap up on the weekly chart, but it was small. The first bar was a bull doji and the 2nd bar had a big tail on top. This is not a strong […]
Emini daily double top bear flag but weekly bull flag
Intraday market update: March 9, 2018
Emini daily double top bear flag but weekly bull flag Updated 6:45 a.m. The Emini gapped up big and had a High 1 bull flag on the 2nd bar. However, the 1st bar was a big bear bar and the buy signal bar had a big day. Both reduce the odds of a trend from […]
Emini forming second leg down from wedge top
Intraday market update: March 8, 2018
Emini forming second leg down from wedge top Updated 6:48 a.m. Today is rollover day. I usually trade March today because it has more volume. I then switch to June tomorrow. The Emini gapped above yesterday’s high, but reversed down on the 2nd bar. The open is also a test of the top of yesterday’s […]
Trump’s tariffs and trade wars causing pause in bull trend
Intraday market update: March 7, 2018
Trump’s tariffs and trade wars causing pause in bull trend Updated 6:41 a.m. The Emini reversed up strongly on the open with a huge bull trend bar. The bears want an opening reversal down from the 60 minute moving average for an early high of the day. Yet, the bull bar is so big that […]