Emini and Forex Trading Update:Tuesday December 10, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini again tested the high from 2 weeks ago yesterday and it reversed down. The bears are hoping that Friday will form a double top with that high. Today is a sell signal […]
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 bulls want close of year at new high
Emini and Forex Trading Update:Monday December 9, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini sold off 85 points and reversed back up last week. I said throughout November that a 50 – 100 point pullback was likely, and last week probably was it. The bulls want […]
Emini testing last week’s low after 9 week micro channel
Emini and Forex Trading Update:Friday December 6, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini reversed down strongly yesterday from above Wednesday’s high. However, the bears were unable to break below Wednesday’s low to create an outside down day. Instead, the bulls got a reversal up and […]
Emini one day island bottom and possible December bear trap
Emini and Forex Trading Update:Thursday December 5, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up yesterday and formed a 1 day island bottom. Last week was a bull bar on the weekly chart and therefore a bad sell signal bar. Some bulls theoretically bought below […]
Emini strong break below October-November bull channel
Emini and Forex Trading Update:Wednesday December 4, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday opened with a big gap down and sold off on the open. It then rallied in a broad bull channel for the rest of the day. Yesterday is buy signal bar for today […]
Emini broke below the October-November bull trend line
Emini and Forex Trading Update:Tuesday December 3, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini sold off yesterday on the open. It formed a big bear bar on the daily chart. Even though there was a tail below, it broke below the 2 month bull trend line. […]
Emini possibly starting a 2 week pullback from November high
Emini and Forex Trading Update:Monday December 2, 2019 I will update again at the end of the day. Pre-Open market analysis Friday closed early, but it closed below the open and the midpoint of the range. It was a bear bar on the daily chart and a reversal down from the top of the 2 […]
Emini buy climax and maybe late November profit taking
Emini and Forex Trading Update:Wednesday November 27, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday had a weak rally for the 1st half of the day and then a reversal down. The selloff was a test of the open and the bulls bought it. That trend resumption up […]
Emini November rally might lead to December trading range
Emini and Forex Trading Update:Tuesday November 26, 2019 I will update again at the end of the day. Pre-Open market analysis After a big gap up and strong bull trend on the open yesterday, the Emini entered a trading range. It broke above last week’s high and to a new all-time high. But last week […]
Emini minor pullback from November buy climax
Emini and Forex Trading Update:Monday November 25, 2019 I will update again at the end of the day. Pre-Open market analysis Friday triggered a High 1 bull flag buy signal on the daily chart. But Thursday was a bear bar and the 3rd consecutive bear bar. This was a low probability buy setup and there […]