Emini and Forex Trading Update:Wednesday April 7, 2021 Pre-Open market analysis of daily chart Emini 8 bull bars streak is unusual and therefore unsustainable and climactic. Since yesterday closed in lower third, today or tomorrow will probably be a bear bar. Also, today will probably trade below yesterday’s low. Open of the day will be […]
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 gap up on weekly chart after breakout above 4,000
Emini and Forex Trading Update:Tuesday April 6, 2021 Pre-Open market analysis of daily chart Yesterday gapped to a new all-time high on the daily and weekly charts. Big bull bar that closed on its high in strong bull trend so higher prices likely. 7 consecutive bull bars on daily chart is unusual so climactic. Strong […]
Emini finally broke above 4,000 Big Round Number
Emini and Forex Trading Update:Monday April 5, 2021 Pre-Open market analysis of daily chart Friday finally broke above 4000 Big Round Number, and closed on its high, above 4,000. Emini went sideways for several days to a couple weeks at every prior Big Round Number since 3,500. Traders expect sideways for at least a few […]
Emini bulls want follow-through in April, but might stall at 4,000
Emini and Forex Trading Update:Thursday April 1, 2021 Pre-Open market analysis of daily chart Yesterday was the 5th consecutive bull day and it formed another new high. Emini bulls want follow-through. This is unusual and therefore extreme. Increased chance of close below today’s open. Yesterday reversed down from just below the 4,000 Big Round number. […]
Emini having strong finish to 1st quarter
Emini and Forex Trading Update:Wednesday March 31, 2021 Pre-Open market analysis of daily chart Yesterday was a pullback from a 3-day rally. It is therefore a High 1 bull flag buy signal bar. However, it had only a small bull body, making it a fairly neutral day (doji day). It is a lower probability buy […]
Emini triggered weekly High 1 buy signal going into end of 1st quarter
Emini and Forex Trading Update:Tuesday March 30, 2021 Pre-Open market analysis of daily chart Bulls failed to get gap up on weekly chart yesterday, but yesterday was a good bull day on daily chart. Increased chance of new all-time high, and test 4,000 today or this week. End of the quarter window dressing rally is […]
Emini strong end of 1st quarter window dressing
Emini and Forex Trading Update:Monday March 29, 2021 Pre-Open market analysis of daily chart Wednesday is the end of the 1st quarter, and there has been a 1st quarter window dressing rally since Thursday. The buying could continue all week. Despite Friday’s strong rally into the close, the Emini will probably not gap up to […]
Emini buy signal bar at test of open of March and 50% pullback
Emini and Forex Trading Update:Friday March 26, 2021 Pre-Open market analysis of daily chart Reversed up from 50% pullback from 3-week rally, and from test to below open of the month. Yesterday is an Emini buy signal bar for a 2-week High 2 bull flag. Bulls want end of the quarter window dressing to lead […]
Emini in Breakout Mode at end of 1st quarter
Emini and Forex Trading Update:Thursday March 25, 2021 Pre-Open market analysis of daily chart Higher high major trend reversal with February high. Yesterday was big bear bar closing on its low. If today is another big bear day, especially if it is very big, odds will favor 10% correction down to 3,700 at bottom of […]
Emini in trading range around February high
Emini and Forex Trading Update:Wednesday March 24, 2021 Pre-Open market analysis of daily chart Yesterday was a bear day but it had a prominent tail below. The Emini traded below Monday’s low and 3,900 Big Round Number, but closed above both, and therefore was not as bearish as it could have been. Emini in trading […]