Emini trading range before FOMC Fed interest rate hike Updated 7:00 a.m. While the Emini sold off on the open and is Always In Short, the bulls bought after 4 bars. This is more likely a bear leg in a trading range than the start of a strong bear trend day. The 60 minute moving […]
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 trading range before FOMC Fed interest rate hike
Trump rally pausing before Fed interest rate announcement
Intraday market update: December 5, 2016
Trump rally pausing before Fed interest rate announcement Updated 6:55 a.m. While the Emini gapped above Friday’s high, which is the neck line of the 2 day double bottom, it failed to create bull bars on the 1st 2 bars. That lowered the probability of a trend from the open bull trend. The context is […]
President Trump rally pulling back to August high breakout point
Intraday market update: December 2, 2016
President Trump rally pulling back to August high breakout point Updated 6:50 a.m. The Emini opened in the middle of the 60 minute moving average above and the August high below. Further more, it began with a bear doji, a rally, and reversal. It is therefore neutral and deciding whether to test support or resistance. […]
President Trump Christmas rally stalling before FOMC meeting
Intraday market update: December 1, 2016
President Trump Christmas rally stalling before FOMC meeting Updated 6:49 a.m. The Emini is having a trading range open. It tested the low of the 5 day trading range on the open. The bears see Tuesday’s low as the neck line of a double top. They therefore want a breakout and measured move down. Most […]
Limited resumption of the President Trump rally
Intraday market update: November 30, 2016
Limited resumption of the President Trump rally Updated 6:48 a.m. While the Emini gapped above yesterday’s high and broke to a new all-time high, the first bars were small. Furthermore, trend resumption up after a bear breakout below a protracted bull micro channel typically lasts 3 – 5 days. The odds are that the Emini […]
Christmas year end rally pullback
Intraday market update: November 29, 2016
Christmas year end rally pullback Updated 6:51 a.m. The bulls tried to rally from above yesterday’s low and the 60 minute moving average, but failed at the 5 minute moving average. The day began with limit order bull and bear scalpers making money. This looks like a continuation of the trading range trading of the […]
Stock market buy climax pullback
Intraday market update: November 28, 2016
Stock market buy climax pullback Updated 6:59 a.m. The Emini reversed up from below Friday’s low on the open. Hence, this is the 1st pullback in a 12 day bull micro channel. The bulls want an outside up day and therefore another new all-time high. Yet the rally was weak, as was the initial selloff. […]
President Trump stock market rally became buy climax
Intraday market update: November 23, 2016
President Trump stock market rally became buy climax I will update around 6:46 a.m. After yesterday’s buy climax, today gapped below yesterday’s close. There is a 50% chance that the bulls will try to rally for an hour or two. Yet, there is a 75% chance of at least 2 hours of sideways to down […]
President Trump climactic stock market rally
Intraday market update: November 22, 2016
President Trump climactic stock market rally Updated 6:59 a.m. While the Emini gapped up, the 1st 2 bars were dojis, which is weak buying. Furthermore, the Emini opened at the top of the 9 day channel. While there is a measured move target from the election gap at around 2207 and a leg 1 = […]
President Trump stock market rally forming double top
Intraday market update: November 21, 2016
President Trump stock market rally forming double top Updated 6:53 a.m. While the Emini opened with bull bars and broke above yesterday’s high and formed a new high, the first bars had tails. In addition, the bodies got smaller. Furthermore, most recent days had a lot of trading range price action. As a result, while […]