Emini double top with February 27 but tight bull channel Updated 6:43 a.m. The Emini tested above yesterday’s high early today. The bears want a reversal down to below yesterday’s low. Since yesterday was a small day and a trading range day, there is an increased chance of an outside down day today. The bulls […]
Emini double top with February 27 but tight bull channel
Emini has an ioi bull flag and 20 Gap Bar buy setup on the weekly chart
Intraday market update: March 12, 2018
Emini has an ioi bull flag and 20 Gap Bar buy setup on the weekly chart Updated 6:43 a.m. The Emini had a gap up on the weekly chart, but it was small. The first bar was a bull doji and the 2nd bar had a big tail on top. This is not a strong […]
Emini has an ioi High 2 bull flag on the weekly chart
Emini weekend update: March 10, 2018
Monthly S&P500 Emini futures candlestick chart:Bull inside bar in strong bull trend The monthly S&P500 Emini futures candlestick chart has traded sideways for 2 months after 15 months where every low was above the low of the prior month. This month so far is a bull inside bar closing on its high. However, this 2 […]
Emini daily double top bear flag but weekly bull flag
Intraday market update: March 9, 2018
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 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 […]