March FOMC today is major Emini catalyst Updated 6:43 a.m. The Emini opened in the middle of yesterday’s trading range. This is a continuation of the range. The bulls created a reversal on the 2nd bar, which was a High 2 bull flag. However, the bar was a big doji, which is more of 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.
March FOMC today is major Emini catalyst
Emini island top and weekly sell signal before FOMC
Intraday market update: March 20, 2018
Emini island top and weekly sell signal before FOMC Updated 6:45 a.m. The Emini opened with a continuation of yesterday’s strong rally, but had a bear bar on the 2nd bar. The rally is a parabolic wedge, While the Emini is Always In Long, this is a buy climax. Therefore, many bulls will wait for […]
Emini in breakout mode awaiting March FOMC announcement
Intraday market update: March 19, 2018
Emini in breakout mode awaiting March FOMC announcement Updated 6:45 a.m. By gapping below Friday’s low, the Emini triggered a sell signal on the weekly chart. The bulls tried for a reversal on the 2nd bar, but it had a tail. While the Emini is Always In Short, the bulls will try for an early […]
Emini weekly sell signal bar before Wednesday’s FOMC announcement
Intraday market update: March 16, 2018
Emini weekly sell signal bar before Wednesday’s FOMC announcement Updated 6:47 a.m. The Emini opened with consecutive bull bars breaking above yesterday’s 2 hour bull channel. Yet, both had tails and stalled at the 60 minute EMA. At the moment, the Emini is Always in Long, but the bulls need a strong breakout above the […]
Trump’s tariffs and congressional loss creating double top
Intraday market update: March 15, 2018
Trump’s tariffs and congressional loss creating double top Updated 6:43 a.m. Today opened within yesterday’s 4 hour trading range. The bulls will try to form a higher low and an early reversal up from above yesterday’s low. They want the early selling to be a pullback after yesterday’s expanding triangle bottom. They need a convincing […]
Emini double top and outside down sell signal bar
Intraday market update: March 14, 2018
Emini double top and outside down sell signal bar Updated 6:42 a.m. The day began with a gap up above the 60 minute moving average, far above yesterday’s low. This greatly reduces the chances of a big selloff far below yesterday’s low. It therefore makes a trading range day or a bull reversal day likely. […]
Emini double top with February 27 but tight bull channel
Intraday market update: March 13, 2018
Emini double top with February 27 but tight bull channel Updated 6:43 a.m. The Emini tested above yesterday’s high early today. The bears want a reversal down to below yesterday’s low. Since yesterday was a small day and a trading range day, there is an increased chance of an outside down day today. The bulls […]
Emini has an ioi bull flag and 20 Gap Bar buy setup on the weekly chart
Intraday market update: March 12, 2018
Emini has an ioi bull flag and 20 Gap Bar buy setup on the weekly chart Updated 6:43 a.m. The Emini had a gap up on the weekly chart, but it was small. The first bar was a bull doji and the 2nd bar had a big tail on top. This is not a strong […]
Emini daily double top bear flag but weekly bull flag
Intraday market update: March 9, 2018
Emini daily double top bear flag but weekly bull flag Updated 6:45 a.m. The Emini gapped up big and had a High 1 bull flag on the 2nd bar. However, the 1st bar was a big bear bar and the buy signal bar had a big day. Both reduce the odds of a trend from […]
Emini forming second leg down from wedge top
Intraday market update: March 8, 2018
Emini forming second leg down from wedge top Updated 6:48 a.m. Today is rollover day. I usually trade March today because it has more volume. I then switch to June tomorrow. The Emini gapped above yesterday’s high, but reversed down on the 2nd bar. The open is also a test of the top of yesterday’s […]