Emini and Forex Trading Update:Friday January 22, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday was a bear doji bar on the daily chart, which is weak follow-through for the bulls after Wednesday’s strong rally. It is also a weak sell signal bar, and it therefore increases 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 follow-through day after huge bull trend on Biden’s first day as president
Emini and Forex Trading Update:Thursday January 21, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up and formed a huge bull trend and big bar yesterday on President Biden’s first day in office. Yesterday’s close will probably be tested several times over the next couple years. […]
Emini in tight trading range at top of 2-month bull channel ahead of Biden’s inauguration
Emini and Forex Trading Update:Wednesday January 20, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a doji bar yesterday on the daily chart, with Emini in tight trading range. It has been in a tight trading range for 9 days, and in a bull channel for […]
Emini weak High 2 bull flag in 2-month Small Pullback Bull Trend
Emini and Forex Trading Update:Tuesday January 19, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a bear bar on Friday on the daily chart. A bear bar is a bad buy signal bar for an Emini weak High 2 bull flag. That reduces the chance that […]
Emini’s January breakout above bull trend channel might be failing
Emini and Forex Trading Update:Friday January 15, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday was the 1st bear day in 8 days. It was an outside down bar, and it is a sell signal bar for today for a reversal down from above the 2-month bull channel. […]
Emini January buy climax ignoring impeachment
Emini and Forex Trading Update:Thursday January 14, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini triggered a High 1 buy signal yesterday by going above Tuesday’s high. But Tuesday was a doji bar and that is a weak buy signal bar. Yesterday barely closed above the buy […]
Emini has weak High 1 bull flag just below January all-time high
Emini and Forex Trading Update:Wednesday January 13, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a perfect doji bar yesterday, which is unusual. It came after 5 consecutive bull bars. It is a weak High 1 bull flag buy signal bar for a 2-day pullback from […]
Emini has 5 consecutive bull bars in January rally so bear bar likely today or tomorrow
Emini and Forex Trading Update:Tuesday January 12, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday closed with 5 consecutive bull bars on the daily chart. Since that is extreme, it increases the chance of a bear day today or tomorrow. But unless there is a strong reversal down, […]
Emini’s January buy climax is accelerating up, but increased chance of reversal down this week
Emini and Forex Trading Update:Monday January 11, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini is breaking above the top of the December bull channel. There is a 75% chance that the breakout will reverse down within about 5 bars. But with Friday and last week closing […]
Emini outside up bar for 1st week of 2021
Emini and Forex Trading Update:Friday January 8, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a 3rd consecutive bull trend day. While it is overbought, traders will keep buying until there is a clear top, or a strong reversal down. There is a measured move target […]