Emini and Forex Trading Update:Thursday January 14, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini triggered a High 1 buy signal yesterday by going above Tuesday’s high. But Tuesday was a doji bar and that is a weak buy signal bar. Yesterday barely closed above the buy […]
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 has weak High 1 bull flag just below January all-time high
Emini and Forex Trading Update:Wednesday January 13, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a perfect doji bar yesterday, which is unusual. It came after 5 consecutive bull bars. It is a weak High 1 bull flag buy signal bar for a 2-day pullback from […]
Emini has 5 consecutive bull bars in January rally so bear bar likely today or tomorrow
Emini and Forex Trading Update:Tuesday January 12, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday closed with 5 consecutive bull bars on the daily chart. Since that is extreme, it increases the chance of a bear day today or tomorrow. But unless there is a strong reversal down, […]
Emini’s January buy climax is accelerating up, but increased chance of reversal down this week
Emini and Forex Trading Update:Monday January 11, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini is breaking above the top of the December bull channel. There is a 75% chance that the breakout will reverse down within about 5 bars. But with Friday and last week closing […]
Emini outside up bar for 1st week of 2021
Emini and Forex Trading Update:Friday January 8, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a 3rd consecutive bull trend day. While it is overbought, traders will keep buying until there is a clear top, or a strong reversal down. There is a measured move target […]
Emini climactic test of last year’s high occurred yesterday
Emini and Forex Trading Update:Thursday January 7, 2021 I will update again at the end of the day. Pre-Open market analysis After Monday triggered the yearly buy signal by going above last year’s high (an outside up candlestick), it immediately reversed down. This often happens with higher time frame signals. When a buy signal bar […]
Emini ioi bull flag after OO Breakout Mode and ahead of Georgia election
Emini and Forex Trading Update:Wednesday January 6, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday was a bull inside day after Monday was a huge outside down day. It is therefore an ioi buy signal bar for today (inside-outside-inside). But, remember, Thursday and Monday were consecutive outside bars. […]
Emini failed gap up on daily, weekly, monthly, and yearly charts
Emini and Forex Trading Update:Tuesday January 5, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped up to a new all-time high on the daily, weekly, monthly, and yearly charts. However, the Emini immediately sold off and formed a big bear trend — a failed gap up. Yesterday […]
Emini will probably gap up today on the yearly, monthly, weekly, and daily charts today
Emini and Forex Trading Update:Monday January 4, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed an outside up day on Thursday, which was the final trading day of 2020. More importantly, the Emini closed at a new all-time high. The bulls hope for an Emini gap […]
Emini IOI Breakout Mode on final day of 2020
Emini and Forex Trading Update:Thursday December 31, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was an inside bar and it followed an outside bar. There is now an IOI (inside-outside-inside) pattern on the daily chart — an IOI Breakout Mode pattern. With today being the final trading […]