Posted 7:09 a.m. The Emini tested yesterday’s low, but stalled in yesterday’s lower trading range. While the Emini is Always In Short, the initial sell signal bar at the high of the day had a bull body and it was not quite at the moving average. This happens more often in a trading range than […]
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.
Intraday market update: April 25, 2016
Intraday market update: April 22, 2016
Learn how to trade a pullback candlestick pattern
Posted 7:00 a.m. The Emini reversed up from below yesterday’s low in the first minute of the day. Although it had several consecutive bull bars, they had prominent tails. This happens more in a bull leg in a trading range than in a bull trend. Unless the bulls get a strong bull breakout above the […]
Intraday market update: April 21, 2016
Price action favors trading range candlestick pattern today
Posted 7:12 a.m. The Emini sold off on the open to the 60 minute moving average. Yesterday was a sell signal bar on the daily chart, and today’s selloff is near the support of yesterday’s low. The selloff has been strong enough for today to trigger the short below yesterday’s low. However, the selloff is […]
Intraday market update: April 20, 2016
Online day traders expect breakout price action
Posted 6:46 a.m. The quiet, tight bull channel from yesterday continued on the open today. The bulls want the reversal up from the moving average to be an Opening Reversal that leads to a new all-time high. The bears want the weak rally fro 41 yesterday to be a leg in a trading range. Until […]
Intraday market update: April 15, 2016
Learn how to trade doji candlestick patterns
Posted 6:56 a.m. Yesterday is a sell signal bar on the daily chart, but it is a doji after 2 good bull bars. The odds are that there will be buyers below yesterday’s low. The bears want a bear trend, but the bulls scalpers have already made money twice today and the bear bars are […]
Intraday market update: April 14, 2016
Learn how to trade price action at resistance
Posted 7:06 a.m. The Emini reversed down from above yesterday’s high, but it lacked consecutive big bear trend bars. The odds are that yesterday’s bull channel was a bull leg in what will become a trading range. The Emini is Always In Short, and it probably will test higher lows in yesterday’s channel. It might […]
Intraday market update: April 13, 2016
Learn how to trade a possible new all time high
Posted 7:05 a.m. The Emini gapped up and had 3 early bull bars, but the bars overlapped and had tails. This was a weak opening for the bulls. Also, limit order bears made money twice in the 1st 5 bars. This is not how bull trends typically begin and it increases the chances of a […]
Intraday market update: April 12, 2016
Learn how to trade a failed Head and Shoulders
Posted 7:04 a.m. The Emini rallied on the open, but the 1st 3 bull bars had tails, and limit order bear scalpers made money. Also, the Emini stalled at the 60 minute EMA, which was support yesterday and therefore possibly resistance today. This makes the rally more likely a bull leg in a trading range. […]
Intraday market update: April 11, 2016
Price action creating breakout mode candlestick patterns
Posted 6:57 a.m. The Emini gapped up but entered a tight trading range, and it is near the top of a week trading range. This reduces the chances of a trend today, and it increases the chances for a lot of trading range price action. This means that the odds are that there will be […]
Intraday market update: April 8, 2016
Candlestick pattern created buy signal on the daily chart
Posted 7:34 a.m. The bulls had a big gap up and want a rally to above Wednesday’s lower high to end the head and shoulders top. The bears got a parabolic wedge top, which is usually followed by a trading range or an hour or so. At that point, if the bears get a strong […]