Trump buy climax rally is near 2500 S&P resistance Updated 6:46 a.m. The Emini gapped down, but reversed up at the 60 minute moving average. The bulls see this as a High 2 pullback from Friday’s rally. Additionally, it is an Opening Reversal up from the 60 minute moving average. Their 1st goal is to […]
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.
Trump buy climax rally is near 2500 S&P resistance
Trump rally targeting 2500 Big Round Number
Intraday market update: July 17, 2017
Trump rally targeting 2500 Big Round Number Updated 6:47 a.m. On the open, the Emini continued the 3 bar tight trading range from Friday’s close. This increases the chances of an attempt at trend resumption up and a test of Friday’s high. Yet, because of the Big Up, Big Down on Friday’s close, the odds […]
Emini buy climax testing all time high and maybe 2500
Intraday market update: July 14, 2017
Emini buy climax testing all time high and maybe 2500 Updated 6:52 a.m. The Emini opened with a bull doji bar within yesterday’s range. This open is similar to yesterday. Hence it increases the odds of a lot of trading range trading again today. However, the magnet of the all-time high is strong. Therefore, there […]
Emini bull flag breakout near all time high
Intraday market update: July 13, 2017
Emini bull flag breakout near all time high Updated 6:47 a.m. Today opened with a big bull doji bar, which is a 1 bar trading range. In addition, it was in the middle of yesterday’s range. Furthermore, limit order bears made money scaling in above the high of the 1st bull bar. Finally, most days […]
Emini rally ignoring Trump’s Russia problem, expecting tax reform
Intraday market update: July 12, 2017
Emini rally ignoring Trump’s Russia problem, expecting tax reform Updated 6:55 a.m. Today had a big gap up and then a series of bull trend bars. This is a trend from the open bull trend. It therefore increases the odds of a bull trend day. Yet, when there is a big gap up and immediate […]
Emini breakout mode targets are 2500 and 2350
Intraday market update: July 11, 2017
Emini breakout mode targets are 2500 and 2350 Updated 6:52 a.m. The Emini began with 2 consecutive bear bars. It had 8 consecutive bear bars including yesterday. Yet, Buy The Close bulls made money buying the 2nd bear bar. Furthermore, it bounced up from yesterday’s low and around the 60 minute moving average. The bulls […]
Increasing Emini selling pressure will lead to 2350 pullback
Intraday market update: July 10, 2017
Increasing Emini selling pressure will lead to 2350 pullback Updated 6:50 a.m. While today opened with consecutive bull bars, they were in the middle of Friday’s 4 hour range. Although the Emini is still Always In Long, the bulls need a breakout. Furthermore, they want a break above the July 3 2436.50 lower high because […]
Emini 5% summer correction as the Fed raises rates
Intraday market update: July 7, 2017
Emini 5% summer correction as the Fed raises rates Updated 6:42 a.m. Today opened in the middle of yesterday’s range. In addition, the 1st bar was a doji bar. Yesterday was a bear channel and therefore today is likely to have a lot of trading range price action. This open is consistent with a trading […]
Stock market bears creating selling pressure
Intraday market update: July 6, 2017
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 […]
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 […]