Emini and Forex Trading Update:Wednesday October 14, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday sold off to below Monday’s low. That makes yesterday a pullback in the 4-day rally. It is now a High 1 bull flag buy signal bar for today. But because of […]
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 strong breakout above September trading range
Emini and Forex Trading Update:Tuesday October 13, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was a strong bull trend day on the 5 minute chart. Furthermore, it was the 3rd consecutive close above the September trading range high. Traders expect a test of the all-time high. Bulls […]
Emini has consecutive closes above the September 16 top of the trading range
Emini and Forex Trading Update:Monday October 12, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini broke above the September trading range on Thursday and had a bull follow-through bar on Friday. The Emini is up in the Globex market and it will probably gap up on the […]
Emini breaking above September 16 top of wedge bear channel
Emini and Forex Trading Update:Friday October 9, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini broke above the September 16 top of the wedge bear channel yesterday. It also closed above that high. If the bulls can get a 2nd consecutive bull bar today, there will be […]
Emini has ioi Breakout Mode setup at September 16 high
Emini and Forex Trading Update:Thursday October 8, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was a big bull inside day after a big bear outside day on the daily chart. There is now an IOI (inside-outside-inside) pattern, which is a Breakout Mode setup. Yesterday is now both […]
Emini wedge rally and double top at September 16 high
Emini and Forex Trading Update:Wednesday October 7, 2020 I will update again at the end of the day. Pre-Open market analysis I have been saying for a month that 3400 – 3500 was the sell zone and that many traders wanted to wait for a break above the September 16 high before selling. Yesterday briefly […]
Emini wedge rally to September 16 high
Emini and Forex Trading Update:Tuesday October 6, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday broke above last week’s high and reached the 3400 Big Round Number. While traders expect the 2-week wedge rally to test the September 16 lower high this week, they also expect […]
Emini stuck at February high as it decides on direction
Emini and Forex Trading Update:Monday October 5, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini has been trading around the February high for 2 months. Traders are deciding between a new high and a test of 3000. I talked about the President’s Covid infection over the weekend. […]
Emini holding above 50 day MA in rally to September 16 lower high
Emini and Forex Trading Update:Friday October 2, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini futures is testing resistance around the September 16 lower high and the 3400 Big Round Number. It is trying to hold above the February high and the 50-day MA. It is more […]
Emini should still test September 16 lower high above 3400
Emini and Forex Trading Update:Thursday October 1, 2020 I will update again at the end of the day. Pre-Open market analysis Today is the 1st day of October. The Emini in September formed an outside down month with a big bear body. That makes some sideways to down trading likely. But September had a big […]