Emini and Forex Trading Update:Monday February 22, 2021 I will update again at the end of the day. Pre-Open market analysis Emini gapping down today after being in a tight trading range for 9 days. The buy climax since November has been extreme. The bears are hoping that the bulls will take profits into the […]
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 in tight trading range near the end of February
Emini and Forex Trading Update:Friday February 19, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday reversed up strongly from just above last week’s low. This prevented the week from being an outside down bar on the weekly chart. It also increases the chance that today might […]
Emini High 1 bull flag but in February buy climax
Emini and Forex Trading Update:Thursday February 18, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday fell below Tuesday’s low, which triggered a sell signal on the daily chart. The bears want a mid-month reversal and for February to close below the open of the month. However, the bulls […]
Strong bull trend, but bears want Emini mid-February reversal
Emini and Forex Trading Update:Wednesday February 17, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up to a new all-time high on the daily and weekly charts yesterday, but then sold off. It closed the gaps and was a bear day. Bears want an Emini mid-February […]
Emini’s February buy climax accelerating up
Emini and Forex Trading Update:Tuesday February 16 I will update again at the end of the day. Pre-Open market analysis The Emini on Friday broke above Thursday’s high, and triggered a High 1 bull flag buy signal, with buy climax accelerating up. Friday closed on its high and at a new all-time high, That increased […]
Emini has ioi Breakout Mode setup at end of week
Emini and Forex Trading Update:Friday February 12, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed an inside day yesterday after Wednesday being an outside day. An Emini ioi Breakout Mode setup (inside-outside-inside pattern). Yesterday is both a buy and sell signal bar. Because yesterday had a […]
Emini has outside down bar at top of 4-month bull channel
Emini and Forex Trading Update:Thursday February 11, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini sold off yesterday from above Tuesday’s high to below its low. Yesterday was therefore an outside down bar on the daily chart. It is a sell signal bar for today. But it […]
Emini micro channel at top of 4-month bull channel
Emini and Forex Trading Update:Wednesday February 10, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed its 8th day in a bull micro channel yesterday. Since this is unusual, there is an increased chance of a pullback within the next few days. This is a very strong […]
Emini might stall at the 3,900 Big Round Number, like with all other recent Big Round Numbers
Emini and Forex Trading Update:Tuesday February 9, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed another buy climax day on the daily chart yesterday. It was the 6th consecutive day without a pullback. This is now a 7-bar bull micro channel, which means the Emini is […]
Emini at measured move target from September/October double bottom
Emini and Forex Trading Update:Monday February 8, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini has rallied strongly from 2 big bear days over the past 2 weeks. It is now at the all-time high, at a measured move target, and it might gap up to a […]