Emini and Forex Trading Update:Thursday March 26, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday formed a 2nd consecutive bull day. It was therefore confirmation that Tuesday’s breakout will probably be the start of a strong short covering rally. However, the late selloff was a reminder […]
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 short covering rally will lead to April trading range
Emini and Forex Trading Update:Wednesday March 25, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped up and rallied. But the bulls were unable to maintain control and the day entered a trading range. Because it closed near its high, there is an increased chance of higher prices […]
Emini small pullback bear trend but oversold in late March
Emini and Forex Trading Update:Tuesday March 24, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini is locked limit up in the Globex session today. Yesterday’s low was a 34% pullback from the high That is extremely unusual for a sell climax. Traders therefore expect a big short […]
Emini still testing December 2018 low but watching doubling rate
Emini and Forex Trading Update:Monday March 23, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini sold off further last week. It closed just above the January 20, 2017 open. That is the day President Trump assumed office. The market is clearly paying attention to that price. It […]
Emini micro wedge nested in March parabolic wedge sell climax
Emini and Forex Trading Update:Friday March 20, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday triggered a buy signal by going above Wednesday’s high. There is a 5 day micro wedge nested within a month-long parabolic wedge sell climax. However, the bulls failed yesterday to get a big […]
Emini 2019 market crash is in search of a bottom
Emini and Forex Trading Update:Thursday March 19, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini finally broke below the December 2018 low yesterday. It also dipped below the open of January 20, 2017. That is the day Trump took office and therefore a magnet. The selloff has […]
Emini might crash down to 2000 before this ends
Emini and Forex Trading Update:Wednesday March 18, 2020 I will update again at the end of the day. Pre-Open market analysis Today is a very dangerous day. But, the bulls have a chance. Yesterday again tested the December 2018 low, and it again held above. In fact, yesterday’s low was above Monday’s low and its […]
Emini double bottom with December 2018 low
Emini and Forex Trading Update:Tuesday March 17, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini opened limit down yesterday and sold off to within a fraction of a point of -13%. That is the 2nd circuit breaker level. Instead of hitting the limit, it reversed up strongly. […]
Emini parabolic wedge sell climax near December 2018 low but locked limit down
Emini and Forex Trading Update:Monday March 16, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini collapsed in March. Since the selloff had 3 legs down, it is a parabolic wedge. That usually attracts some profit taking. This is especially true when the climax is extreme and near […]
Emini strong short covering rally after March collapse
Emini and Forex Trading Update:Friday March 13, 2020 I will update again at the end of the day. Pre-Open market analysis The S&P500 now is in a bear market, like the Dow and the Nasdaq. The median size of the selloff in a bear market is 28%. It typically takes about a year to reach […]