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 […]
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 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. […]
Emini awaiting today’s September FOMC interest rate announcement
Emini and Forex Trading Update:Wednesday September 18, 2019 I will update again at the end of the day. Pre-Open market analysis Th Emini has mostly trading range trading for 2 weeks. At 11 am PST today, the Fed will make its September FOMC interest rate announcement. This will probably affect the market for the rest […]
Emini stalling at July all time high before tomorrow’s FOMC
Emini and Forex Trading Update:Tuesday September 17, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday triggered a sell signal on the daily chart by going below Friday’s low. There has been a wedge rally over the past 3 weeks. The bears also hope for a reversal down from […]
Emini wedge rally testing July all time high so pullback likely
Emini and Forex Trading Update:Monday September 16, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini stalled on Thursday and Friday just below the all-time high. In addition, the 3 week rally has had 3 legs and it is therefore a wedge. This makes a 1 – 3 […]
Emini wedge rally testing July all time high
Emini and Forex Trading Update:Friday September 13, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday again gapped up, sold off, and reversed up from near the EMA. But, as was likely, yesterday was a trading range day. The bulls are trying to get a new all-time high this […]