Emini and Forex Trading Update:Friday February 5, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday formed its 4th consecutive bull bar on the daily chart. It closed on the high and at a new all-time high. There is an increased chance of a gap up today, […]
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 has 3 bull days and testing all-time high from January
Emini and Forex Trading Update:Thursday February 5, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday was the 3rd consecutive bull day on the daily chart, but it had a small bull body. The bulls want a breakout above the month-long trading range, which means testing all-time high from […]
Emini early February buy climax at top of trading range
Emini and Forex Trading Update:Wednesday February 3, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini has been in a trading range for a month, and a buy climax at top of trading range. Traders are buying selloffs and selling rallies. The bulls reversed the market up after […]
Emini High 2 buy signal bar but within January trading range
Emini and Forex Trading Update:Tuesday February 2, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday was a bull trend day and it reversed Friday’s selloff. It is a High 2 buy signal bar for today on the daily chart. But it has a prominent tail on top, and […]
Emini broke below 3-month bull channel in late January
Emini and Forex Trading Update:Monday February 1, 2021 I will update again at the end of the day. Pre-Open market analysis The bulls want February to be a bull inside bar on the monthly chart. There would then be another ioi, like in October, and traders will look for another leg up in March. The […]
Emini bulls need follow-through buying after Wednesday’s big selloff
Emini and Forex Trading Update:Friday January 29, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a big day yesterday after a big bear day Wednesday. While yesterday traded above Wednesday’s high, it closed below the middle of the range, and near the open. Big Down, Big […]
Emini reversing down at the end of January
Emini and Forex Trading Update:Thursday January 28, 2021 I will update again at the end of the day. Pre-Open market analysis Emini reversing down. The Emini formed a big bear day yesterday on the daily chart. It poked just below the bottom of the 3-month bull channel and the 50-day MA, and fell below the […]
Emini at all-time high ahead of Biden’s first FOMC report
Emini and Forex Trading Update:Wednesday January 27, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday broke above Monday’s big outside up doji bar, and made another new Emini all-time high. But yesterday was a small bar on the daily chart, and it had a bear body. It is […]
Emini outside bar at all-time high at end of January
Emini and Forex Trading Update:Tuesday January 27, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday was an outside up day, an Emini outside bar, but it closed near the open of the day, which is relatively neutral. The bull trend is strong on the daily, weekly, and monthly […]
Emini High 1 bull flag at end of January, but late in bull channel
Emini and Forex Trading Update:Monday January 25, 2021 I will update again at the end of the day. Pre-Open market analysis Friday pulled back from another new all-time high going into the final week of January. Because it had a bull body, it is a High 1 late in bull channel buy signal bar. But […]