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 […]
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.
President Trump stock market rally forming double top
President Trump all time stock market high rally
Intraday market update: November 18, 2016
President Trump all time stock market high rally Updated 6:47 a.m. The Emini broke above yesterday’s high. It immediately reversed down from its new all-time high. Yet, the sell signal bar had a bull body. Furthermore, most of yesterday was trading range price action. In addition, the target for the bears is the open of […]
President Trump S&P500 Emini rally testing all time high
Intraday market update: November 15, 2016
President Trump S&P500 Emini rally testing all time high Updated 6:51 a.m. I leave early today and will not be back until Friday. Today broke above the top of yesterday’s bull channel. There is therefore a 75% chance of a test of the bottom of the channel. The Emini can get there by going sideways […]
President Trump’s yearend stock market Christmas rally attempt
Intraday market update: November 14, 2016
President Trump’s yearend stock market Christmas rally attempt Updated 6:53 a.m. The bears reversed the Emini down from above yesterday’s high. They therefore are hoping for an outside down day. Because the 1st bar had big tails and the 3rd bar was a reasonable Opening Reversal attempt by the bulls, the bears are not yet […]
President Trump’s all time high stock market rally
Intraday market update: November 11, 2016
President Trump’s all time high stock market rally Updated 6:47 a.m. Today opened with a big doji in the bottom half of yesterday, which was a trading range day. The odds are that today will be another trading range day, but with legs that are big enough for swing trades. While the all-time high is […]
President Trump stock market rally
Intraday market update: November 10, 2016
President Trump stock market rally Updated 6:55 a.m. While the Emini gapped up and began with a Trend From the Open, Buy The Close Bull Trend, it is at the top of a 15 minute bull channel. There is only a 25% chance of success. Hence, there is a 75% chance of a sideways to […]
Trump Presidential election stock market correction
Intraday market update: November 9, 2016
Trump Presidential election stock market correction Updated 7:13 a.m. The Emini had a big reversal up from yesterday’s low. It then tested yesterday’s high and sold off. Because of the several reversals, today will probably be a trading range day. Since the bars are big, most traders should wait until they become smaller. At the […]
Presidential election year end rally attempt
Intraday market update: November 8, 2016
Presidential election year end rally attempt Updated 6:48 a.m. The Emini tried to reverse up from a test of yesterday’s buy climax low. Yet, the big down open created a Big Up, Big Down pattern. Hence, there is increased uncertainty. Therefore, a trading range is likely. The bulls want a double bottom and then a […]
Presidential election rally after sell climax
Intraday market update: November 7, 2016
Presidential election rally after sell climax Updated 6:49 a.m. The Emini had a big gap up on the open. When there is a huge gap up, the day usually goes sideways for several hours at some point, and rarely closes far above the open. About 20% of the days become strong bull trend days or […]
Stock market election selloff should test 2050 support
Intraday market update: November 4, 2016
Stock market election selloff should test 2050 support Updatted 6:47 a.m. The Emini reversed up on the 1st bar, forming a double bottom with yesterday’s low. Furthermore, yesterday reversed up from a 3 day wedge bottom on the 15 minute chart. Therefore, the Emini will probably go sideways to up for about 10 bars on […]