Market Overview: DAX 40 Futures DAX futures moved sideways last week, low in a trading range at the prior swing low. The bears closed the last gaps and have struggled to get a break below this possible wedge bottom channel line. Bulls want to buy, but it is still a low-probability trade until a good […]
FTSE 100 Breakout Mode, 2nd Leg Up Likely
Market Overview: FTSE 100 Futures The FTSE futures market has had shrinking volatility into breakout mode into a triangle near the MAs. While we will probably get a move up and a move down, until the bears break strongly below that bull trend line, the scale in bulls will continue to strongly buy lows and scalp. […]
Nifty 50 Bull Channel
Market Overview: Nifty 50 Futures Nifty 50 Bull Channel on the weekly chart. The market is currently trading close to the bottom of the bull channel after forming a bull bar with a short tail at the top. After the double top reversal attempt, the bears were unable to change the trend. A bear reversal […]
Emini Second Leg Up Likely after Complex Bottom
Trading Update: Friday October 13, 2023 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini intraday market update Yesterday’s Emini setups Al created the SP500 Emini charts. Here are reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each sell […]
Emini Pullback Likely
Trading Update: Thursday October 12, 2023 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini intraday market update Yesterday’s Emini setups Al created the SP500 Emini charts. Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each […]
Emini 4,400 Big Round Number
Trading Update: Wednesday October 11, 2023 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini intraday market update Yesterday’s Emini setups Al created the SP500 Emini charts. Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each […]
Emini Testing August 18th Low
Trading Update: Tuesday October 10, 2023 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Yesterday’s Emini setups Al created the SP500 Emini charts. Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each sell entry with a […]
No report today — Brad travelling
Monday October 9, 2023 Brad will be back tomorrow… Friday’s Emini setups Al created the SP500 Emini charts. Here are several reasonable stop entry setups from Friday. I show each buy entry with a green rectangle and each sell entry with a red rectangle. Buyers of both the Brooks Trading Course and Encyclopedia of Chart […]
Bitcoin up to 28k but Limit Order Market and BOM
Market Overview: Bitcoin Bitcoin up to 28k. On the Weekly chart, the price is contained within a Trading Range Pattern, which is also a Breakout Mode (BOM) pattern. Most good signal bars are not good setups when the price is within a BOM. Until the BOM is not broken, Traders are in stand by mode, […]
EURUSD Climactic Bear Leg
Market Overview: EURUSD Forex The weekly chart formed a EURUSD climactic bear leg in the form of a tight bear channel. Odds favor the first pullback to be minor and a retest of the current leg extreme low (Oct 3). The bulls need to create sustained follow-through buying to increase the odds of a deeper […]
