Emini and Forex Trading Update:Tuesday October 15, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday traded below Friday’s low, which triggered a minor sell signal on the daily chart. Since yesterday was a small trading range day, it was a weak entry bar for the bears. It was […]
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 weekly buy signal bar but top of trading range
Emini and Forex Trading Update:Monday October 14, 2019 I will update again at the end of the day. Pre-Open market analysis Last week was a bull candlestick on the weekly chart. It is therefore a buy signal bar for this week. But the prior 3 weeks had bear bodies and the chart has been sideways […]
Emini breaking above 4 week bear channel after bear trap
Emini and Forex Trading Update:Friday October 11, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini in the Globex session is up 28 points. Today will gap above the 4 week bear channel and possibly above the earlier high of the week. Last week’s reversal up from a […]
Emini in Breakout Mode and back in August trading range
Emini and Forex Trading Update:Thursday October 10, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini is back in the August trading range and it is again having abrupt big reversals up and down. Yesterday reversed Tuesday’s selloff. But since it was only a bull doji bar, it […]
Emini October island top after island bottom
Emini and Forex Trading Update:Wednesday October 9, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped down and formed a 2 day island top on the daily chart. It closed on its low and therefore erased much of last week’s island bottom and rally. The bulls need a […]
Emini stalled at August ledge top after bear trap
Emini and Forex Trading Update:Tuesday October 8, 2019 I will update again at the end of the day. Pre-Open market analysis After 2 buy climax days, yesterday was likely to have a lot of trading range price action. The Emini rallied for a few hours and then reversed down below the open. Yesterday is therefore […]
Emini bear trap and bull trend reversal above ledge
Emini and Forex Trading Update:Monday October 7, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini sold off strongly below the top of the August ledge last week. It then reversed up strongly, as it often does after an October selloff. The bull trend reversal had 2 big […]
Emini has magnet below at 2940 August ledge top
Emini and Forex Trading Update:Monday September 23, 2019 I will update again at the end of the day. Pre-Open market analysis Friday was a surprisingly big bear day on the Emini daily chart. Since September 3, I have been saying that the Emini would break above the 2940 top of its 4 week range, but […]
Emini minor double top just below July all time high
Emini and Forex Trading Update:Friday September 20, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday rallied to a wedge top that reversed down from above last week’s high. The rally got to within 7 points of the all-time high. Yesterday closed near its low and it is a […]
Emini minor reversal down after September FOMC rate cut
Emini and Forex Trading Update:Thursday September 19, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini sold off after the FOMC announcement yesterday to below Tuesday’s low. It then rallied to above Tuesday’s high. Yesterday was therefore an outside up day. That is a sign of strong bulls. […]