Stock market bears creating selling pressure Updated 6:49 a.m. The Emini broke below the lows of the past several days on the open. The bulls want an Opening Reversal up from this support and an early low of the day. The selling is strong enough to make a strong bull trend day unlikely. The bulls […]
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.
Stock market bears creating selling pressure
Emini might begin summer 100 point correction in July
Intraday market update: July 5, 2017
Emini might begin summer 100 point correction in July Updated 6:52 a.m. The Emini gapped up and then sold off for a few bars. The gap up was big enough to create a Big Down, Big Up, Big Confusion pattern with Monday’s selloff. Therefore, the odds favor a trading range open. While the 3 consecutive […]
Emini monthly and weekly sell signals after Trump’s healthcare failure
Intraday market update: June 30, 2017
Emini monthly and weekly sell signals after Trump’s healthcare failure Updated 6:49 a.m. The Emini gapped up to the 60 minute and daily moving averages and last week’s low. This is resistance and today will probably be a trading range day. Therefore, the bulls need a Buy The Close rally to convince traders that today […]
Emini end of quarter window dressing and July 4 seasonally bullish
Intraday market update: June 29, 2017
Emini end of quarter window dressing and July 4 seasonally bullish Updated 7:00 a.m. The Emini sold off strongly from yesterday’s high. The bears want a strong bear trend day. They they want today to again trigger the sell signal on the weekly chart by falling below last week’s low. Yet, after Tuesday’s wedge bottom, […]
Emini correcting after Yellen and Trump healthcare failure
Intraday market update: June 28, 2017
Emini correcting after Yellen and Trump healthcare failure Updated 6:47 a.m. While the Emini gapped above a major lower high from yesterday, the follow-through buying was weak. Since yesterday sold off and today gapped up, there is a Big Down, Big Up, Big Confusion open. Therefore, the odds favor a trading range over the 1st […]
Trump’s health care bill and tax reform might disappoint bulls
Intraday market update: June 27, 2017
Trump’s health care bill and tax reform might disappoint bulls Updated 6:55 a.m. Last week is a sell signal bar on the weekly chart. Today’s early selloff is a test of last week’s low. The bears need a strong breakout and follow-through over the next several days if they are going to get a reversal […]
Will the stock market bears get a black swan event?
Intraday market update: June 26, 2017
Will the stock market bears get a black swan event? Updaated 6:51 a.m. The Emini gapped up and had consecutive bull bars. It is therefore Always In Long. Yet, most days over the past month have had a lot of trading range price action. The odds are that this will be the same for today. […]
Emini ignoring Trump’s Obamacare repeal plan
Intraday market update: June 23, 2017
Emini ignoring Trump’s Obamacare repeal plan Updated 6:53 a.m. The Emini sold off below yesterday’s low on the open. The bulls want a reversal up. Yet, the channel down from yesterday’s high was tight. Therefore, the 1st rally will probably be minor. Hence, the odds are against a strong trend up for at least an […]
Emini awaiting Trump’s revision of Obamacare health care bill
Intraday market update: June 22, 2017
Emini awaiting Trump’s revision of Obamacare health care bill Updated 6:52 a.m. Today opened in yesterday’s tight trading range. The bulls need a break above a major lower high to convert the 2 day bear channel into a trading range. The bears want a strong break below yesterday’s low to create a measuring gap. They […]
Emini buy climax and failed breakout to new high
Intraday market update: June 21, 2017
Emini buy climax and failed breakout to new high Updated 7:00 a.m. Limit order bulls and bears both made money in the 1st 4 bars. This is an early sign of trading range price action. Furthermore, there were several reversals in the 1st 6 bars. Traders are deciding if the Emini will rally, or selloff […]