Emini and Forex Trading Update:Wednesday May 29,2019 I will update again at the end of the day. Pre-Open market analysis Yesterday began a break below the neck line of a 3 month head and shoulders top. If today is a big bear trend day, the odds will favor a closure of the gap above the […]
Market Update Report for the S&P500 Emini (ES) will be available to logged-in Brooks Trading Course members within 1-2 hours after US market open each day. The update will be available to everyone, including visitors, about 2 hours or more after market open.
Emini testing neck line of head and shoulders top
Emini and Forex Trading Update:Tuesday May 28, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini sold off on Thursday and had a bear follow-through bar on Friday. The bears hope that the selloff will break below the May 13 low, which is the neck line of a […]
Emini breakout below May triangle after big double top
Emini and Forex Trading Update:Friday May 24, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini sold off in a bear channel yesterday. It broke below the 2 week triangle on the daily and 60 minute charts. If the bears get follow-through selling over the next few days, […]
Emini small triangle and head and shoulder bottom
Emini and Forex Trading Update:Thursday May 23, 2019 I will update again at the end of the day. Pre-Open market analysis The daily chart is at the apex of a 2 week triangle. That is a neutral pattern. Yet, there have been 7 consecutive bull bars on the daily chart. This is unusual when a […]
Emini buying pressure in 3 week correction
Emini and Forex Trading Update:Wednesday May 22, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini formed a sixth consecutive bull trend bar yesterday on the daily chart. That is unusual because it has been in a trading range for 2 weeks. Normally, there would be a bear […]
Emini deciding between all time high and February 11 gap
Emini and Forex Trading Update:Tuesday May 21, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped down, but reversed up in a weak rally on the open. It spent most of the day going sideways to down in a weak bear channel. However, it rallied into the closed. […]
Emini minor rally before possible test of February 8 gap
Emini and Forex Trading Update:Monday May 20, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini had an early rally again Friday, and then sold off, like it did on Thursday. However, 7 of the past 8 days had bull bodies on the daily chart. That is a […]
Emini bear rally testing 2900 but lower high likely
Emini and Forex Trading Update:Friday May 17, 2019 I will update again at the end of the day. Pre-Open market analysis For the past few days, I have been saying that the Emini would test last Friday’s high. It achieved that goal yesterday. Can it continue up to a new all-time without forming a 2nd […]
Emini 2nd outside bar buy signal for minor reversal up
Emini and Forex Trading Update:Thursday May 16, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday formed an outside up day. This is the 2nd one in a week. A 2nd bottom attempt has a higher probability of success. There is an increased chance of a bull […]
Emini minor reversal up from 2800 but lower high likely
Emini and Forex Trading Update:Wednesday May 15, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday rallied in a Small Pullback Bull Trend. In addition, Monday was a big bear day and yesterday opened near Monday’s high. This is a buy signal, similar to January 4. However, these 2 […]
