Emini Trump rally buy climax testing 2400 Updated 6:47 a.m. While the Emini continued yesterday’s selloff on the open, limit orders bulls made money. Since yesterday was a trading range day, the odds are that today will find support near yesterday’s low. Furthermore, the bull trend of the past 2 weeks will probably transition into […]
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 Trump rally buy climax testing 2400
Emini ii final bull flag before pullback
Intraday market update: February 21, 2017
Emini ii final bull flag before pullback Updated 6:49 a.m. The Emini gapped up on the weekly chart. In addition, it is in a parabolic buy climax on the daily chart. The odds are that the breakout will lead to a trading range this week. The day began with a trend from the open bull […]
Emini bull flag, but buy climax at 2350 resistance
Intraday market update: February 17, 2017
Emini bull flag, but buy climax at 2350 resistance Updated 6:46 a.m. The Emini finally pulled back to the 60 minute moving average. The bulls wanted an Opening Reversal up from that average, but were unable to create strong buy signal bars. The bears want the second leg down, after yesterday’s strong selloff, to fall […]
Emini stock market parabolic buy climax near 2350 resistance
Intraday market update: February 16, 2017
Emini stock market parabolic buy climax near 2350 resistance Updated 6:50 a.m. The Emini began with small sideways bars. Hence, it tetsed yesterday’s high. The odds are that there will be at least 2 hours of sideways to down trading. Furthermore, there is better than a 50% chance that today will have a bear body […]
Emini all time high breakout is testing 2375 measured move target
Intraday market update: February 15, 2017
Emini all time high breakout is testing 2375 measured move target Updated 6:53 a.m. The gap down on the open created a Big Up, Big Down pattern with yesterday’s close. It therefore created confusion and it increased the odds of a trading range for the 1st hour or two. The bulls want to test yesterday’s […]
Emini strong all time high breakout but buy climax
Intraday market update: February 14, 2017
Emini strong all time high breakout but buy climax Updated 6:48 a.m. The Emini opened with a doji bar between yesterday’s 2 trading ranges. It reversed down and then up. In addition, bull and bear scalpers made money in the 1st few bars. These factors increase the chances that today will stay mostly within yesterday’s […]
Emini wedge top so stock market 5% correction soon
Intraday market update: February 13, 2017
Emini wedge top so stock market 5% correction soon Updated 6:52 a.m. The Emini gapped up and rallied in a trend from the open bull trend. Yet, it is at the top of a channel on the daily chart. This rally is therefore more likely a buy vacuum test of resistance than the start of […]
Emini 2300 all time high breakout but wedge top
Intraday market update: February 10, 2017
Emini 2300 all time high breakout but wedge top Updated 6:49 a.m. The Emini gapped up, but began with 2 bars with prominent tails. Furthermore, there was hesitation for the 1st 4 bars. The bulls want a repeat of yesterday’s early breakout. But, the bears want to continue to make money selling above prior highs. […]
Emini Island bottom after second failed island top
Intraday market update: February 9, 2017
Emini Island bottom after second failed island top Updated 6:50 a.m. Because today gapped up, it continued yesterday’s bull channel. Yet, the odds still favor a break below the channel because traders see bull channels as bear flags. The odds are that a channel will lead to a trading range instead of a new bull […]
Double top, micro double top, and island top will create 5% March correction
Intraday market update: February 8, 2017
Double top, micro double top, and island top will create 5% March correction I will update around 6:49 a.m. The Emini gapped down and did not have a bull body for the 1st 4 bars. It is therefore Always In Short. While today gapped down, the gap was small. In addition the 1st 3 bars […]