Emini and Forex Trading Update:Monday April 29, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini rallied in a Small Pullback Bull Trend on Friday. This is within a month-long Small Pullback Bull Trend on the daily chart. While there might be profit-taking around the September all-time high, […]
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 pullback from test of 2956 all-time high
Emini and Forex Trading Update:Thursday April 25, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini formed a trading range day yesterday after Tuesday’s big bull breakout. Because it is a pause after a breakout, it is a High 1 bull flag buy signal bar for today. But […]
Emini bull surprise bar just below all-time high
Emini and Forex Trading Update:Wednesday April 24, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday was an extremely strong bull trend after a 6 day pause in the bull trend. Its high was about 16 points below the all-time high. The bears had a credible minor top last […]
Emini nested wedge top on 60 minute chart at 2900
Emini and Forex Trading Update:Tuesday April 23, 2019 I will update again at the end of the day. Pre-Open market analysis Tuesday gapped down on the 5 minute chart and reversed up to the 60 minute EMA. It then entered a trading range. By going above Thursday’s high, the Emini triggered a buy signal on […]
Emini buy climax on 60 minute chart might form lower high
Emini and Forex Trading Update:Monday April 22, 2019 I will update again at the end of the day. Pre-Open market analysis Most days over the past 3 weeks sold off and then reversed up. Thursday was another example. That reversal at the end of the week converted a developing strong bear bar on the weekly […]
Emini small wedge top could lead to 50 point pullback
Emini and Forex Trading Update:Thursday April 18, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday traded above Tuesday’s high and then below its low. Yesterday was therefore an outside down day. There is also an 8 bar wedge rally on the daily chart. Because yesterday was […]
Emini small wedge buy climax at measured move target at 2920
Emini and Forex Trading Update:Wednesday April 17, 2019 I will update again at the end of the day. Pre-Open market analysis I have been saying that last Thursday’s gap up might be a measuring gap. Yesterday sold off after gapping up to the 2920 target area. But, it reversed up late in the day. On […]
Emini buy climax around 2900 but no exhaustion yet
Emini and Forex Trading Update:Tuesday April 16, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini sold off again yesterday on the open. The bulls bought the selloff, just as they have done for more days over the past 3 weeks. The most interesting thing right now is […]
Emini breakout above 2900 but doji bar and buy climax
Emini and Forex Trading Update:Monday April 15, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini gapped above the 2900 resistance level on Friday. However, Friday closed near its open and formed a doji bar. That hesitation increases the chance of a failed breakout. The bears prefer a […]
Emini gapping above 2900 resistance
Emini and Forex Trading Update:Friday April 12, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini tested 2900 again yesterday, and reversed down in the middle of the day. I have been saying that the bulls would probably get a breakout above 2900 this week. Today will probably […]
