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 […]
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 forming second leg down from wedge top
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 […]
Emini bounce after wedge top and Trump’s tariffs
Intraday market update: March 6, 2018
Emini bounce after wedge top and Trump’s tariffs Updated 6:42 a.m. On the open, the Emini reversed down from above yesterday’s high, last week’s buy climax high, and the top of the bull channel. Yet, the 1st bear bars have tails and the selloff did not break strongly below yesterday’s higher low. While this open […]
Emini bear rally this week after wedge top trend reversal
Intraday market update: March 5, 2018
Emini bear rally this week after wedge top trend reversal Updated 6:43 a.m. The Emini gapped down to below the EMA and into Friday’s trading range. The bulls want an opening reversal up from the close of 2017 and an early low of the day. They know that the probability favors sideways to up for […]
Emini is hesitating after Fed Chair Powell announced rate hikes
Intraday market update: March 2, 2018
Emini is hesitating after Fed Chair Powell announced rate hikes Updated 6:40 a.m. The Emini gapped down and began with a weak bull bar. The bears was a continuation of yesterday’s selloff. However, since today will probably not be a strong bear day, an early 1 – 2 hour selloff will then probably reverse up. […]
Emini follow-through selling after wedge lower high major trend reversal
Intraday market update: March 1, 2018
Emini follow-through selling after wedge lower high major trend reversal Updated 6:42 a.m. The bears broke below yesterday’s low on the open. Yet, the odds favor a trading range that starts within 2 hours. There is only a 25% chance of another strong bear trend day. Consequently, this early selloff will probably reverse up within […]
Emini parabolic wedge at top of wedge bear flag
Intraday market update: February 28, 2018
Updated 6:43 a.m. The Emini gapped up above the moving average on the open. This is a moving average gap bar. Consequently, if there is a selloff down to yesterday’s low, there will probably be a major trend reversal attempt. Since yesterday was a big outside day, there is an increased chance of today being […]
Emini wedge lower high major trend reversal in strong rally
Intraday market update: February 27, 2018
Emini wedge lower high major trend reversal in strong rally Updated 6:45 a.m. Yesterday had a series of buy climaxes. That increases the odds for exhaustion. An exhausted bull trend typically evolves into a trading range. The early bear bars today are a sign that the bull trend is weakening. They increase the odds of […]
Emini is in breakout mode on the daily and weekly charts
Intraday market update: February 26, 2018
Emini is in breakout mode on the daily and weekly charts Updated 6:55 a.m. The Emini gapped up on the daily and weekly charts and rallied on the open. However, the early bear bar was a sell signal for a possible high of the day. The bull entry bar created confusion. While the Emini is […]
Emini is in Breakout mode on the daily and weekly charts
Intraday market update: February 23, 2018
Emini is in Breakout mode on the daily and weekly charts Updated 6:45 a.m. The Emini broke above yesterday’s bear channel, but immediately stalled at all of the resistance around the open of the week. It is a trading range open in the middle of a 4 day trading range, and in a cluster of […]