I will update again at the end of the day. Emini and Forex Trading Update:Tuesday September 10, 2019 Pre-Open market analysis Yesterday reversed down from above Friday’s high and then up from below Friday’s low. It was therefore an outside down day. Furthermore, it again tested the July 18 low, which was the neckline of […]
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 breakout above August ledge top needs follow through buying
Emini and Forex Trading Update:Monday September 9, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini gapped above the month-long trading range on Thursday. But Thursday and Friday were trading range days. The bulls did not get strong follow-through buying and the bears do not yet have a […]
Emini breakout above August ledge top
Emini and Forex Trading Update:Friday September 6, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini broke above the top of the 5 week trading range yesterday. I have been saying that a bull breakout was highly likely because of the ledge top. Furthermore, I said that the […]
Emini just below August ledge top magnet above
Emini and Forex Trading Update:Thursday September 5, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped up and rallied in a weak bull trend. I have mentioned the ledge top at the top of the 5 week trading range on the daily chart many times over the past […]
Emini in middle of August range with ledge top
Emini and Forex Trading Update:Wednesday September 4, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday sold off early, but the day formed a trading range. It closed above the open after a 2 day selloff. It is therefore a buy signal bar for today. However, it was a […]
Emini August ledge top and Breakout Mode
Emini and Forex Trading Update:Tuesday September 3, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini on Friday sold off from the top of its 4 week trading range. It was the last day of the month and August closed above its midpoint. That is a sign of […]
Emini month-end magnets are August midpoint and open
Emini and Forex Trading Update:Friday August 30, 2019 There will be no update at the end of the day due to Al travelling. Pre-Open market analysis I have been writing about the importance of the monthly chart since June went outside up after May was outside down. July triggered the oo bull flag buy signal […]
Emini bad stop entry setups within August tight trading range
Emini and Forex Trading Update:Thursday August 29, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini triggered a minor sell signal yesterday by trading below Tuesday’s low. But, I said that it was a weak sell setup since it was a big bear bar in the bottom third […]
Emini stalled in middle of August trading range
Emini and Forex Trading Update:Wednesday August 28, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday triggered a buy signal on the daily chart. But I said before yesterday’s open that it was a weak setup. Entering with stops in the middle of a 4 week trading range is […]
Emini pause after Friday Spike and Channel Bear Trend
Emini and Forex Trading Update:Tuesday August 27, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday was a bull inside day on the daily chart. It is therefore a buy signal bar for today. The bulls hope that Friday was a bear trap and that June/July bull trend is […]