Emini Labor Day rally in possible 5 percent correction Updated 6:40 a.m. Today opened with a doji bar in the middle of yesterday’s range. This increases the odds that today will be a trading range day that will stay mostly or entirely within yesterday’s range. Yesterday’s big move up and today’s big gap down creates […]
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 Labor Day rally in possible 5 percent correction
Emini weak bull flag in correction to 2350
Intraday market update: August 22, 2017
Emini weak bull flag in correction to 2350 Updated 6:42 a.m. The Emini gapped above yesterday’s high and began with 2 big bull bars closing on their highs. This is a trend from the open bull trend and there is at least a 60% chance that we have seen the low of the day. The […]
Emini is likely beginning Trump 150 point, 5 percent correction
Intraday market update: August 21, 2017
Emini is likely beginning Trump 150 point, 5 percent correction Updated 6:45 a.m. Friday had a bear channel after a strong rally. The odds favor a bull break above the bear trend line today. In addition, Friday’s rally was strong enough so that its high is a magnet. Therefore, the Emini will probably test that […]
Extreme buy climax creating 150 point Emini bear trend reversal
Intraday market update: August 18, 2017
Extreme buy climax creating 150 point Emini bear trend reversal Updated 6:47 a.m. The sell climax continued on the open. It is so extreme that it is unlikely to continue far. The odds favor a sharp rally and then a trading range. The most important price today will be the open of the day. If […]
Emini bull leg in trading range in weekly buy climax
Intraday market update: August 17, 2017
Emini bull leg in trading range in weekly buy climax Updated 6:55 a.m. The Emini reversed up from below the 3 day trading range. Yet, there was a 2 tick tail on the top of the buy signal bar. In addition, the entry bar was a bear bar. While the next bar was good, the […]
Emini awaiting catalyst, like North Korea missile decision
Intraday market update: August 16, 2017
Emini awaiting catalyst, like North Korea missile decision Updated 6:49 a.m. The Emini opened above yesterday’s high, but immediately closed the gap. Because yesterday was a small day, the bears will try to trade below yesterday’s low to create an outside down day. The bulls see the tails below the 1st 3 bars and hope […]
Emini failed bear breakout after North Korea correction attempt
Intraday market update: August 15, 2017
Emini failed bear breakout after North Korea correction attempt Updated 6:44 a.m. The Emini opened above yesterday’s high and immediately pulled back. The bulls want an opening reversal up from the moving average. Yet, since a lower high is likely on the daily chart, bears see the current price as a good price to sell. […]
Emini trend reversals need follow-through selling
Intraday market update: August 14, 2017
Emini trend reversals need follow-through selling Updated 6:45 a.m. The Emini gapped up and had 2 strong bull bars on the open. The Emini is Always In Long and this is enough strength and the context is good enough to make a bear trend unlikely. The odds are that today will either remain a bull […]
North Korea is catalyst for 5% stock market correction
Intraday market update: August 11, 2017
North Korea is catalyst for 5% stock market correction Updated 6:48a.m. Today opened within the tight range at yesterday’s close. The gap below is a magnet, and the bear trend line above is as well. Since an early trading range is likely, the Emini will probably test both in the 1st 2 hours. It is […]
Emini buy climax and North Korea catalyst
Intraday market update: August 10, 2017
Emini buy climax and North Korea catalyst Updated 6:51 a.m. The Emini sold off on the open, but it is at the bottom of a month-long trading range. Yesterday was a good bull bar on the daily chart. Today opened near yesterday’s low. If today closes on its low, that combination would be a strong […]