Emini is ignoring Trump China, North Korea, and Russia sanctions Updated 6:46 a.m. Yesterday ended with a small wedge. Therefore the odds favor 2 legs sideways to down. Since the wedge was only 4 points tall, the odds are that the open will be mostly sideways. The bottom of the wedge is around the 60 […]
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 is ignoring Trump China, North Korea, and Russia sanctions
Emini awaiting catalyst to begin 5% September correction
Intraday market update: August 2, 2017
Emini awaiting catalyst to begin 5% September correction Updated 6:53 a.m. Today began with a failed breakout above yesterday’s high. Yet, the sell signal bar was a bull trend bar. Because this is a weak sell signal and limit orders bulls made money buying the close of the 1st bar, the odds favor an early […]
August and September are seasonally weak in Emini
Intraday market update: August 1, 2017
August and September are seasonally weak in Emini Updated 6:52 a.m. The Emini reversed down from yesterday’s high with 2 bear bars. While there is still a 2 week head and shoulders top on the 60 minute chart, the bears need a strong reversal down before traders believe that they have taken control. The 1st […]
Emini buy climax needs sell signal and trend reversal
Intraday market update: July 31, 2017
Emini buy climax needs sell signal and trend reversal Updated 6:53 a.m. The bear ioi sell signal on the open is a 2nd failed breakout above yesterday’s high. This is therefore a reasonable swing short for the high of the day. Yet, the small bars make an early trading range likely, whether or not this […]
Trump’s White House shakeup is catalyst for correction
Intraday market update: July 28, 2017
Trump’s White House shakeup is catalyst for correction Updated 6:45 a.m. The Emini opened around the open of the week, which will probably be a magnet all day. This is especially true in the final hour. Yesterday’s reversal creates confusion and makes traders cautious. They prefer to buy low, sell high, and take quick profits. […]
Emini buy climax continuing higher and is ignoring Trump
Intraday market update: July 27, 2017
Emini buy climax continuing higher and is ignoring Trump Updated 6:44 a.m. The Emini gapped above yesterday’s high and immediately sold off again. Many days lately have had early selloffs. Yet, most reversed back up later in the day. Furthermore, the weak follow-through selling today increases the chances of another trading range open. In addition, […]
Emini catalysts are FOMC report, healthcare repeal, Mueller, and Sessions
Intraday market update: July 26, 2017
Emini catalysts are FOMC report, healthcare repeal, Mueller, and Sessions Updated 6:53 a.m. Since yesterday was a small trading range day, there is an increased chance that it could lead to a measured move up or down today. However, the Emini has early trading range price action. It reversed down from a test of yesterday’s […]
Emini awaiting FOMC and Trump’s special counsel decision
Intraday market update: July 25, 2017
Emini awaiting FOMC and Trump’s special counsel decision Updated 6:45 a.m. Today had a big gap up, but the day began with consecutive strong bear bars. If there is going to be a trend day, a bear trend is now more likely. While the Emini is Always in short, the odds are that it will […]
Emini sideways waiting for FOMC meeting
Intraday market update: July 24, 2017
Emini sideways waiting for FOMC meeting Updated 6:54 a.m. Today opened with a doji bar in yesterday’s 4 hour tight trading range. This increased the chances that today will be another trading range day, like the past 2 days. While the bears got 2 strong bear bars on the open, the next bar was a […]
Emini buy climax ignoring Trump, Russia, and healthcare
Intraday market update: July 21, 2017
Emini buy climax ignoring Trump, Russia, and healthcare Updated 6:48 a.m. The Emini broke below yesterday’s low. This therefore triggered the sell signal on the daily chart for the parabolic wedge top. Yet, the bears only got 2 dojis on the open. Hence, they were not strong. This reduces the chances of a strong bear […]