Emini daily double top bear flag but weekly bull flag Updated 6:45 a.m. The Emini gapped up big and had a High 1 bull flag on the 2nd bar. However, the 1st bar was a big bear bar and the buy signal bar had a big day. Both reduce the odds of a trend from […]
Emini daily double top bear flag but weekly bull flag
Emini forming second leg down from wedge top
Intraday market update: March 8, 2018
Emini forming second leg down from wedge top Updated 6:48 a.m. Today is rollover day. I usually trade March today because it has more volume. I then switch to June tomorrow. The Emini gapped above yesterday’s high, but reversed down on the 2nd bar. The open is also a test of the top of yesterday’s […]
Trump’s tariffs and trade wars causing pause in bull trend
Intraday market update: March 7, 2018
Trump’s tariffs and trade wars causing pause in bull trend Updated 6:41 a.m. The Emini reversed up strongly on the open with a huge bull trend bar. The bears want an opening reversal down from the 60 minute moving average for an early high of the day. Yet, the bull bar is so big that […]
New Brooks Trading Course FAQ:
Updated March 6, 2018
FAQ update March 6, 2018 Course complete! All videos for the Brooks Trading Course and Brooks Forex Trading Course are now complete. As advised last month, there are seven brand new videos to extend the courses, along with various updates and audio/text error fixes. Al is also reviewing all videos and adding/modifying content if needed. […]
Emini bounce after wedge top and Trump’s tariffs
Intraday market update: March 6, 2018
Emini bounce after wedge top and Trump’s tariffs Updated 6:42 a.m. On the open, the Emini reversed down from above yesterday’s high, last week’s buy climax high, and the top of the bull channel. Yet, the 1st bear bars have tails and the selloff did not break strongly below yesterday’s higher low. While this open […]
Emini bear rally this week after wedge top trend reversal
Intraday market update: March 5, 2018
Emini bear rally this week after wedge top trend reversal Updated 6:43 a.m. The Emini gapped down to below the EMA and into Friday’s trading range. The bulls want an opening reversal up from the close of 2017 and an early low of the day. They know that the probability favors sideways to up for […]
Fed rate hike plan caused wedge lower high major trend reversal
Emini weekend update: March 3, 2018
Monthly S&P500 Emini futures candlestick chart:March will probably be an inside bar on the monthly chart The monthly S&P500 Emini futures candlestick chart opened in the middle of February’s range. Since February was huge, the odds are that March will form an inside bar. The monthly S&P500 Emini futures candlestick chart had a huge bar […]
Emini is hesitating after Fed Chair Powell announced rate hikes
Intraday market update: March 2, 2018
Emini is hesitating after Fed Chair Powell announced rate hikes Updated 6:40 a.m. The Emini gapped down and began with a weak bull bar. The bears was a continuation of yesterday’s selloff. However, since today will probably not be a strong bear day, an early 1 – 2 hour selloff will then probably reverse up. […]
Emini follow-through selling after wedge lower high major trend reversal
Intraday market update: March 1, 2018
Emini follow-through selling after wedge lower high major trend reversal Updated 6:42 a.m. The bears broke below yesterday’s low on the open. Yet, the odds favor a trading range that starts within 2 hours. There is only a 25% chance of another strong bear trend day. Consequently, this early selloff will probably reverse up within […]
Emini parabolic wedge at top of wedge bear flag
Intraday market update: February 28, 2018
Updated 6:43 a.m. The Emini gapped up above the moving average on the open. This is a moving average gap bar. Consequently, if there is a selloff down to yesterday’s low, there will probably be a major trend reversal attempt. Since yesterday was a big outside day, there is an increased chance of today being […]