Emini weekly bull flag candlestick pattern Posted 7:01 a.m. Like most days in the 2 month trading range, today had a limit order, trading range open. Both bulls and bears made money with limit orders in the first 5 bars. This reduces the chances of a strong trend day today up or down. Yesterday was […]
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 weekly bull flag candlestick pattern
Emini weekly bull flag below all-time high
Intraday market update: September 7, 2016
Emini weekly bull flag below all-time high Updated 6:55 a.m. The Emini opened with a sideways series of bars that had prominent tails and small bodies. While it is Always In Long from yesterday, this is trading range price action. It therefore increases the chances of a lot more of it today. This is especially […]
September Emini 100 point correction
Intraday market update: September 6, 2016
September Emini 100 point correction Updated 6:55 a.m. The Emini gapped above Friday’s bull flag, but formed a tight trading range. This increased the chances for a lot of trading range price action today and reduced the chances for a strong trend up or down. Because the all-time high is only 10 points higher, the […]
September unemployment jobs report breakout
Intraday market update: September 2, 2016
September unemployment jobs report breakout Updated 6:48 a.m. The Emini has sold off for 8 days and yesterday reversed up from the bottom of the month-long trading range. It also rallied on the unemployment report before the open today. While it gapped up on the open, it formed doji bars just below the August 29 […]
September unemployment report and Federal Reserve interest rate hike
Intraday market update: September 1, 2016
September unemployment report and Federal Reserve interest rate hike Updated 6:50 a.m. The Emini stalled at the 60 minute moving average and the top of yesterday’s tight trading range. This is trading range price action. Yesterday’s 3 hour bull channel is a bear flag. Therefore, there is only a 25% chance of a strong bull […]
September 2016 stock market correction
Intraday market update: August 31, 2016
September 2016 stock market correction Updated 6:56 a.m. The Emini opened with a tight trading range just above yesterday’s low and the open of the month. This is a breakout mode setup. Because the Emini was unable to reverse strongly above the open of the month yesterday and did not reach the open of the […]
End of month and unemployment report stock market catalysts
Intraday market update: August 30, 2016
End of month and unemployment report stock market catalysts Updated 6:57 a.m. Because today might be a 2nd inside day, traders sold the early test of yesterday’s high. This was a lower high major trend reversal, but there was no good sell signal bar and no strong bear breakout. The bulls want to get above […]
August bear reversal bar
Intraday market update: August 29, 2016
August bear reversal bar Updated 6:51 a.m. The Emini rallied on the open and broke above the 60 minute moving average and the 50% pullback level. Yet, the 1st 2 bars had prominent tails and the 3rd bar was a small bar. This reduces the chances of a big bull trend day. The bulls need […]
Yellen Fed interest rate hike announcement
Intraday market update: August 26, 2016
Yellen Fed interest rate hike announcement Updated 7:11 a.m. The Emini broke above the 3 day tight bear channel on the open. It sold off sharply on Yellen’s remarks, and then reversed up to a new high of the day. This Big Up, Big Down, Big Up trading creates confusion. It therefore increases the chances […]
Emini double top at 2200 resistance
Intraday market update: August 25, 2016
Emini double top at 2200 resistance Updated 6:57 a.m. The Emini reversed up from below yesterday’s low and from 1 tick below the open of the month. Yet, because the 2 day selloff was in a tight bear channel, the odds are that this reversal up will be a bull leg in a trading range. […]