Emini and Forex Trading Update:Wednesday November 13, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday accomplished the 2 goals that I said were likely. The bulls got a breakout above 3100 and above Thursday’s high. As expected, many bulls took some profits. There is now a […]
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 but November pullback likely
Emini and Forex Trading Update:Tuesday November 12, 2019 Pre-Open market analysis The Emini gapped down yesterday but then rallied. It was a bull bar on the daily chart and it is a High 1 bull flag buy signal bar for today. Many bulls are waiting to take profits above 3100. Therefore 3100 is a magnet […]
Emini High 1 bull flag but consecutive wedge buy climaxes
Emini and Forex Trading Update:Monday November 11, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini formed a bull reversal day on Friday. Friday is now a High 1 bull flag buy signal bar for today in a strong bull trend on the daily chart. Because the rally […]
Emini buy climax testing 3100 before 2 week pullback
Emini and Forex Trading Update:Thursday November 7, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini sold off early yesterday on China trade news, but the strong bull trends on the daily and weekly charts were more important. The day reversed up and it is a buy signal […]
Emini buy climax testing 3100 Big Round Number
Emini and Forex Trading Update:Wednesday November 6, 2019 I will update again at the end of the day. Pre-Open market analysis I said on Monday that Tuesday was likely to trade below Monday’s low, and it did. This is because there has been a pullback every few days in the 5 week rally. With Monday […]
Emini breakout above July high but brief pullback this week
Emini and Forex Trading Update:Tuesday November 5, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up again yesterday but traded in a small trading range. It was sloped downward and it was also a broad bear channel. Traders are still debating when and if Friday’s gap […]
Emini buy signal on breakout above October high
Emini and Forex Trading Update:Monday November 4, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up on Friday. This was a gap up on the monthly chart as well as on the daily chart. Gaps on the monthly chart rarely stay open. Consequently, there will probably […]
Emini bears want weekly sell signal after October outside up
Emini and Forex Trading Update:Friday November 1, 2019 I will update again at the end of the day. Pre-Open market analysis October ended yesterday. It was an outside up month on the monthly chart. Traders see it as a buy signal bar for November. By closing above both the September and July highs, the Emini […]
Emini rallied on October FOMC announcement of rate cut
Emini and Forex Trading Update:Thursday October 31, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday sold off on the open and closed the gap above Friday’s high and last week’s high. The Emini was in a trading range day until the FOMC announcement. After the 11 am PST […]
Traders awaiting today’s Emini reaction to October FOMC rate cut
Emini and Forex Trading Update:Wednesday October 30, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday formed an outside up day and then an outside down day. It had several sharp moves up and down and formed a trading range day. But by closing below its midpoint, […]