Emini and Forex Trading Update:Tuesday March 16, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a bull bar that closed near its high yesterday, and this is within a strong 8-day rally (Emini triggered High 1 buy signal). The bulls want the Emini to break strongly […]
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 High 1 bull flag buy signal just below 4,000 Big Round Number
Emini and Forex Trading Update:Monday March 15, 2021 I will update again at the end of the day. Pre-Open market analysis As was likely, Friday pulled back from a new high and a 6-bar bull micro channel on the daily chart. Also, there were buyers below Friday’s low. Friday is now a High 1 bull […]
Emini breakout to new high just below 4,000 magnet
Emini and Forex Trading Update:Friday March 12, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini broke to a new all-time high yesterday, but failed to close at a new high. The break above the February 24 lower high erased the bearishness of last week’s 3 consecutive bear […]
Emini stuck at the 3,900 Big Round Number since early February
Emini and Forex Trading Update:Thursday March 11, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a small bull doji bar yesterday on the daily chart. It tested the 3,900 Big Round Number, like most days since early February. It is also testing the February 24 lower […]
Emini forming another lower high since February top
Emini and Forex Trading Update:Wednesday March 10, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini has been in a trading range since early February. There have been many strong legs up and down, but every one reversed. Yesterday was another example. The Emini rallied but could not […]
Emini big reversals in middle of 3-week trading range
Emini and Forex Trading Update:Tuesday March 9, 2021 I will update again at the end of the day. Pre-Open market analysis With the Emini reversing every few days, traders expect the 2-month trading range to continue indefinitely. The Emini is also in the middle of a 3-week trading range. They have been buying selloffs and […]
Emini wedge bull flag and micro double bottom
Emini and Forex Trading Update:Monday March 8, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a big bull bar on Friday. Since it had a big tail below, Friday formed a micro double bottom with Thursday. It is a buy signal bar for today. But after […]
Emini beginning 10% March correction
Emini and Forex Trading Update:Friday March 5, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed its 3rd consecutive big bear day on the daily chart yesterday. It temporarily dropped back below last year’s close, erasing the 2021 gains. On last Friday, I said that there is […]
Emini again formed consecutive big bear bars so March 10% correction likely
Emini and Forex Trading Update:Thursday March 4, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini triggered a sell signal on the daily chart when yesterday fell below Tuesday’s low. With 2 more consecutive bear bars with good-size bodies on the daily chart, the odds are back to […]
Emini has been oscillating around 3,900 for a month
Emini and Forex Trading Update:Wednesday March 3, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday was a bear inside bar on the daily chart. It is a sell signal bar for today. If the Emini forms a 2nd consecutive big bear day today, the probability of a 10% […]