Micro double top buy climax: Updated 6:50 a.m. The Emini began with an opening reversal down from the 60 minute moving average, a 50% pullback, and a test near the top of yesterday’s bear channel. Furthermore, yesterday’s reversal up was minor and therefore a bear rally. Finally, yesterday had a series of Moving Average Gap […]
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.
Micro double top buy climax
Trading new all-time high stock market breakout
Intraday market update: July 21, 2016
Trading new all-time high stock market breakout: Updated around 7:04 a.m. The Emini began with an opening reversal up from a test of the old all-time high. It was also a 2nd leg down from yesterday’s double top major trend reversal. Yet, the buy signal bar had a big tail on top. Furthermore, the Emini […]
Day trading tight trading ranges
Intraday market update: July 20, 2016
Day trading tight trading ranges: Updated around 6:55 a.m. The Emini sold off early on most days over the past couple of weeks. Yet, bulls came in and created Opening Reversals. This sometimes resulted in a low of the day, and other times it simply halted the selling for an hour or so. The bulls […]
ioi breakout mode candlestick pattern
Intraday market update: July 19, 2016
ioi breakout mode candlestick pattern: I will update around 6:58 a.m. The Emini opened with 4 bars with prominent tails within yesterday’s range. This increases the chances that the 3 day tight trading range will grow. While the odds favor today trading either below yesterday’s low, above its high, or both, the probability is that […]
Emini bull flag after Turkey Coup
Intraday market update: July 18, 2016
Emini bull flag after Turkey Coup: I will update around 6:55 a.m. Today opened within Friday’s trading range. The 1st 3 bars had prominent tails. This is a continuation of Friday’s trading range price action, and it increases the chances of a lot of trading range price action today. Friday was an outside down day […]
S&P500 60 minute chart wedge top reversal
Intraday market update: July 15, 2016
S&P500 60 minute chart wedge top reversal: I updated 7:02 a.m. Like every day this week, the Emini sold off early. Because yesterday was a small range day, today could trade below its low and become an outside down day. As a result of the early selling in an overbought market, the odds favor sideways […]
Bull flag candlestick pattern coming soon
Intraday market update: July 14, 2016
Bull flag candlestick pattern coming soon: Updated 6:50 a.m. The Emini opened with a big gap up at the top of the 60 minute wedge bull channel. It also tested a measured move up from yesterday’s range. It reversed down over the 1st several bars and is Always In Short. Because the bear bars had […]
Trading S&P breakout to new all-time high
Intraday market update: July 13, 2016
Trading S&P breakout to new all-time high: Update 6:57 a.m. The Emini opened on its high tick above yesterday’s high and sold off in a trend from the open bear trend. It is Always In Short. The bulls want an opening reversal up from the bottom of yesterday’s tight trading range. The odds are that […]
How to trade a new S&P all-time high
Intraday market update: July 12, 2016
How to trade a new S&P all-time high: Updated 7:10 a.m. The Emini gapped up to the top of the 60 minute bear channel. The 1st 3 bars were bull bars and formed a Trend From The Open bull trend. Because the bars were not big, the bulls were somewhat hesitant. Also, the Emini is […]
S&P cash index new all time high
Intraday market update: July 11, 2016
S&P cash index new all time high: Updated 6:53 a.m. The Emini gapped up on the daily and weekly charts to a new all-time high. The 1st bar was a big bull trend bar and it was followed by 2 bull dojis. While the odds are against a big bull trend day, this has been […]