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. […]
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 double top and outside down sell signal bar
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 […]
Trump’s tariffs and trade wars causing pause in bull trend
Intraday market update: March 7, 2018
Trump’s tariffs and trade wars causing pause in bull trend Updated 6:41 a.m. The Emini reversed up strongly on the open with a huge bull trend bar. The bears want an opening reversal down from the 60 minute moving average for an early high of the day. Yet, the bull bar is so big that […]
Emini bounce after wedge top and Trump’s tariffs
Intraday market update: March 6, 2018
Emini bounce after wedge top and Trump’s tariffs Updated 6:42 a.m. On the open, the Emini reversed down from above yesterday’s high, last week’s buy climax high, and the top of the bull channel. Yet, the 1st bear bars have tails and the selloff did not break strongly below yesterday’s higher low. While this open […]
Emini bear rally this week after wedge top trend reversal
Intraday market update: March 5, 2018
Emini bear rally this week after wedge top trend reversal Updated 6:43 a.m. The Emini gapped down to below the EMA and into Friday’s trading range. The bulls want an opening reversal up from the close of 2017 and an early low of the day. They know that the probability favors sideways to up for […]
Emini is hesitating after Fed Chair Powell announced rate hikes
Intraday market update: March 2, 2018
Emini is hesitating after Fed Chair Powell announced rate hikes Updated 6:40 a.m. The Emini gapped down and began with a weak bull bar. The bears was a continuation of yesterday’s selloff. However, since today will probably not be a strong bear day, an early 1 – 2 hour selloff will then probably reverse up. […]
Emini follow-through selling after wedge lower high major trend reversal
Intraday market update: March 1, 2018
Emini follow-through selling after wedge lower high major trend reversal Updated 6:42 a.m. The bears broke below yesterday’s low on the open. Yet, the odds favor a trading range that starts within 2 hours. There is only a 25% chance of another strong bear trend day. Consequently, this early selloff will probably reverse up within […]