Tariff war but Emini wedge bottom at February low Updated 6:45 a.m. The Emini gapped up as expected. Since yesterday was a buy climax, the Emini will probably enter a trading range within a couple of hours. It might begin on the open. The bulls want to keep the gap open. If it closes, it […]
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.
Tariff war but Emini wedge bottom at February low
Emini buy signal bar for double bottom with February and wedge bottom
Intraday market update: April 4, 2018
Emini buy signal bar for double bottom with February and wedge bottom Updated 6:45 a.m. Today opened below yesterday’s low and had a big bull trend bar. It is also near the bottom of a 2 day trading range. The 1st 2 bars were big enough so that bears will probably need 2 – 3 […]
Emini monthly sell signal with February low support below
Intraday market update: April 3, 2018
Emini monthly sell signal with February low support below Updated 6:42 a.m. Today opened in the middle of yesterday’s range, and yesterday was huge. Therefore, today will probably be an inside day, or fail to get much above or below yesterday’s range. Consequently, traders will sell near yesterday’s high and buy near yesterday’s low. While […]
Emini has weak Low 2 bear flag just above February low
Intraday market update: April 2, 2018
Emini has weak Low 2 bear flag just above February low Updated 6:45 a.m. The Emini opened with a bull reversal bar back in Thursday triangle. The 2nd bar was also a bull bar, but it was small and therefore weak. The Emini is also at the 60 minute EMA and around a 50% pullback […]
Final Emini trading day of March so monthly support and resistance are magnets
Intraday market update: March 29, 2018
Final Emini trading day of March so monthly support and resistance are magnets Updated 6:41 a.m. Today opened in the middle of yesterday’s trading range. Traders need to see a series of 3 – 5 consecutive strong trend bars up or down before they believe that a trend is underway. Furthermore, they need a big […]
Emini Low 1 bear flag for test of February low
Intraday market update: March 28, 2018
Emini Low 1 bear flag for test of February low Updated 6:45 a.m. The Emini reversed down from a wedge bear flag at the EMA on the open. It sold off to test yesterday’s low and 2600. Since 50% of strong moves on the open fail, the bulls will look for an early reversal up […]
Emini expanding triangle buy setup and test of February low
Intraday market update: March 27, 2018
Emini expanding triangle buy setup and test of February low Updated 6:38 a.m. Today opened with a small gap up, but the 1st bar was a big bear bar. The bulls want an Opening Reversal up from support, like the 5 minute or 60 minute moving averages. Since yesterday’s bull channel was tight, the bulls […]
Emini expanding triangle bottom or test of February low
Intraday market update: March 26, 2018
Emini expanding triangle bottom or test of February low I will update around 6:43 a.m. The Emini had a huge gap up and opened with 2 strong bull bars. This reduces the chances of a bear trend day. However, the Emini is far above the average price. Many bulls want to buy closer to the […]
Trump’s trade war with China creating test of March low
Intraday market update: March 23, 2018
Trump’s trade war with China creating test of March low Updated 6:45 a.m. The Emini reversed down from a Low 2 bear flag at the EMA on the open. The first leg up was in yesterday’s small, late trading range. However, the 1st bar broke above yesterday’s bear channel. It was big enough to weaken […]
Emini trend resumption down to March 2 low around 2650
Intraday market update: March 22, 2018
Emini trend resumption down to March 2 low around 2650 Updated 6:45 a.m. Today opened with a big gap down and a bear bar. However, the low was a Leg 1 = Leg 2 measured move from Monday’s selloff. In addition, it was a measured move down from yesterday’s range. Finally, it was a test […]