Emini and Forex Trading Update:Wednesday April 21, 2021 Pre-Open market analysis of daily chart Yesterday was the 3rd consecutive bear day. The bear bodies are getting bigger so the momentum down is increasing. These 3 bear days were caused by profit taking. Once there is profit taking in a buy climax, it usually has at […]
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.
SP500 Emini trade setups
For Monday April 19, 2021 Full Emini and Forex daily reports will only be issued when Al is in the Trading Room. See sidebar calendar for “No Webinar” days when this “SP500 Emini trade setups” post will replace the daily report. Here are several reasonable stop entry setups from yesterday. I show each buy entry […]
Emini at start of 5th week of strongest rally in a year
Emini and Forex Trading Update:Monday April 19, 2021 Pre-Open market analysis of daily chart Friday was a 2nd bear bar in 3 days after the streak of 13 consecutive bull bars ended on Wednesday. Emini now at start of 5th week of strongest rally in a year. This is a sign that bulls are starting […]
Emini streak ended but buy climax continues
Emini and Forex Trading Update:Friday April 16, 2021 Pre-Open market analysis of daily chart Emini streak ended Wednesday, a bear day, ending streak of 13 consecutive bull days. Longest streak in 10 years, so unsustainable and an extreme buy climax. Climaxes can continue much longer than what might seem reasonable. No top yet. Since buy […]
SP500 Emini trade setups
For Wednesday April 14, 2021 Full Emini and Forex daily reports will only be issued when Al is in the Trading Room. See sidebar calendar for “No Webinar” days when this “SP500 Emini trade setups” post will replace the daily report. Here are several reasonable stop entry setups from yesterday. I show each buy entry […]
Emini 13th consecutive bull day is most in 10 years
Emini and Forex Trading Update:Wednesday April 14, 2021 Pre-Open market analysis of daily chart The Emini has now had its 13th consecutive bull day streak (13 bull trend days). The last time it had a streak of this duration was in February of 2011. That streak lasted 15 days. The 2011 streak reversed down 9% […]
Emini having longest streak of bull days in 10 years
Emini and Forex Trading Update:Tuesday April 13, 2021 Pre-Open market analysis of daily chart Yesterday was 12th consecutive bull day and the 12th day in a bull micro channel. The last time there were 12 or more consecutive bull days was in February 2011. That streak ended after 15 days. It was followed by a […]
Emini now has 11 consecutive bull bars and 11-bar bull micro channel
Emini and Forex Trading Update:Monday April 12, 2021 Pre-Open market analysis of daily chart Strong bull trend, but getting too strong. Last week closed on its high so might gap up this week (today). 11 consecutive bull bars is rare and therefore climactic. 11-bar bull micro channel is rare and therefore climactic. 3-week parabolic wedge […]
Emini 10-day bull micro channel and streak of 10 consecutive bull bars
Emini and Forex Trading Update:Friday April 9, 2021 Pre-Open market analysis of daily chart Yesterday was the 10th consecutive bull bar on the daily chart, which is unusual and therefore climactic. Its low was above Wednesday’s low, so now 10-day bull micro channel. This is also unusual and climactic. Yesterday was the 3rd leg up […]
Emini 9-day bull micro channel means aggressive buying but buy climax
Emini and Forex Trading Update:Thursday April 8, 2021 Pre-Open market analysis of daily chart Yesterday was the 9th consecutive bull bar on the daily chart. A streak that only happens about once a year. It is therefore unsustainable and climactic. Should get bear day this week. 8 days with low above low of prior day […]