November FOMC interest rate hike potential catalyst for 5% correction Updated 6:52 a.m. By breaking above yesterday’s high, the bulls achieved their minimum objective of at least one more leg up after Wednesday’s bull reversal. The bulls want to get back above yesterday’s high. Since Tuesday’s high is a major lower high on the 60 […]
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.
November FOMC interest rate hike potential catalyst for 5% correction
Emini outside down week in buy climax before tax reform
Intraday market update: October 26, 2017
Emini outside down week in buy climax before tax reform Updated 6:54 a.m. Today gapped above the 60 minute moving average and the daily measured move target. It is close to yesterday’s high, which is a magnet. However, after a bull reversal day, a trading range is more likely than a strong bull trend. Consequently, […]
Emini ioi bull flag in buy climax before Trump’s tax reform and cut
Intraday market update: October 25, 2017
Emini ioi bull flag in buy climax before Trump’s tax reform and cut Updated 7:05 a.m. The bears got an early, strong break below yesterday’s low. They closed Friday’s gap up, which is now an exhaustion gap. The Emini is Always In Short. However, the bears need follow-through selling to convince traders that the selloff […]
Gap down will create Emini October island top
Intraday market update: October 24, 2017
Gap down will create Emini October island top Updated 6:48 a.m. The Emini gapped far above yesterday’s bear channel, but sold off on the open. The bears want a strong break below Thursday’s high to close the gap on the daily chart. They then want a big bear trend day. However, because today gapped far […]
Emini parabolic buy climax and possible island top, but no reversal yet
Intraday market update: October 23, 2017
Emini parabolic buy climax and possible island top, but no reversal yet Updated 6:50 a.m. The Emini had a small gap up, but it closed on the open. The bears began with 3 consecutive bear bars. This created a Big Up, Big Down, Big Confusion pattern with Friday’s close and it makes a trading range […]
30 year anniversary of 1987 crash, but unlikely to repeat
Intraday market update: October 20, 2017
30 year anniversary of 1987 crash, but unlikely to repeat Updated 6:49 a.m. The Emini gapped far above the all-time high, but began with 2 bear bars. While that makes the Emini Always In Short, the open of the 1st bar is also the high of the day. Since days rarely have their high exactly […]
Emini October wedge top and buy climax, but no trend reversal
Intraday market update: October 19, 2017
Emini October wedge top and buy climax, but no trend reversal Updated 6:42 a.m. The Emini opened with a big gap down, but then had a big bar with a big tail on top. This is Big Down, Big Up, Big Down, which means Big Confusion. It therefore makes a trading range likely. Furthermore, it […]
Emini buy climax awaiting a catalyst, likely Trump related
Intraday market update: October 18, 2017
Emini buy climax awaiting a catalyst, likely Trump related Updated 6:47 a.m. The Emini gapped to a new all-time high and above the measured move target on the daily chart. However, the 1st bar was a bear doji and traders have been selling new highs for 2 weeks. If the bulls get an early rally, […]
Emini October earnings reports, but buy climax increases risk
Intraday market update: October 17, 2017
Emini October earnings reports, but buy climax increases risk Updated 6:45 a.m. Today began with a small doji in the middle of yesterday’s range. This reduced the odds of a big trend day and it increases the odds that today will be another mostly trading range day. Additionally, it increases the chances for a trading […]
Trump, North Korea, Iran, Congress, and earnings are catalysts
Intraday market update: October 16, 2017
Trump, North Korea, Iran, Congress, and earnings are catalysts Updated 6:54 a.m. The Emini broke to a new all-time high on the open. However, there was selling above prior highs last week, and that therefore increases the chance of an early reversal down today. There is a measured move target on the daily chart at […]