Post presidential debate stock market rally Updated 6:48 a.m. While the Emini gapped up and created another island bottom, the gap was small, yesterday’s tight trading range is a magnet, and the 1st bars were dojis. Hence, the odds are against a strong trend day today. Instead, today will probably have a lot of trading […]
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.
Post presidential debate stock market rally
Post debate stock market breakout
Intraday market update: September 27, 2016
Post debate stock market breakout Updated 6:45 a.m. The Emini reversed up sharply from a bear breakout below a bear channel and from below yesterday’s low. It is back at the August 2 trading range low and the apex of the 5 day triangle. This is a sharp opening reversal at support. There is a […]
Island bottom and possible island top below all time high
Intraday market update: September 26, 2016
Island bottom and possible island top below all time high Updated 6:53 a.m. The Emini gapped down and formed a 2 day island top after last week’s lower high major trend reversal. While the 1st 2 bars had good bear bodies and today could become a trend from the open bear trend, it is more […]
FOMC rally created island bottom
Intraday market update: September 23, 2016
FOMC rally created island bottom Updated 6:59 a.m. The Emini sold off below yesterday’s low on the open. Yet the bears were unable to create big bear bars. The bulls want the selloff to reverse up from the test into yesterday’s gap and of the open of the month. Because yesterday was a small day, […]
FOMC report created failed bear flag
Intraday market update: September 22, 2016
FOMC report created failed bear flag I will update around 6:50 a.m. The Emini had a big gap up after yesterday’s buy climax. While it still might rally for about 10 bars in the 1st 2 hours, the odds are that by the end of the 2nd hour, it will have at least a couple […]
Market breakout after September FOMC interest rate hike announcement
Intraday market update: September 21, 2016
Market breakout after September FOMC interest rate hike announcement Updated 6:49 a.m. While the Emini gapped up and began with 2 bull bars, both had tails on top. The Emini is Always In Long, but at resistance. Neither bar was big, and they could not break above yesterday’s high or the daily moving average. Whenever […]
September FOMC fed interest rate hike stock market breakout
Intraday market update: September 20, 2016
September FOMC fed interest rate hike stock market breakout Updated 6:52 a.m. The Emini gapped up and sold off on the open. Yet, there was a bull body after the 1st big bear bar. This therefore is a sign that the bears lack conviction. Hence, it increases the chances that the selloff is a bear […]
Trading range before Wednesday’s September FOMC announcement
Intraday market update: September 19, 2016
Trading range before Wednesday’s September FOMC announcement Updated 6:55 a.m. While the Emini gapped above Friday’s high and began with consecutive bull bars, limit order bears made money. This therefore reduces the chances of a strong bull trend day. The Emini is Always In Long, yet the rally has not been strong. While it might […]
Stock market rally before Fed’s FOMC interest rate announcement
Intraday market update: September 16, 2016
Stock market rally before Fed’s FOMC interest rate announcement Updated 6:52 a.m. The Emini gapped below the 60 minute moving average to around a 50% pullback of yesterday’s rally. This is therefore consistent with what I said yesterday about yesterday’s rally probably being a bull leg in a 5 day bear flag. The bulls want […]
Breakout mode candlestick pattern
Intraday market update: September 15, 2016
Breakout mode candlestick pattern Updated 6:49 a.m. The Emini opened within the trading range at the end of yesterday. Since yesterday was a Spike and Channel bear trend, the odds favor a rally above the lower highs, and possibly to the 2130 top of the bear channel. That is also at the 60 minute moving […]