{"id":114867,"date":"2021-04-13T06:20:00","date_gmt":"2021-04-13T13:20:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=114867"},"modified":"2021-04-21T03:53:14","modified_gmt":"2021-04-21T10:53:14","slug":"emini-longest-streak-bull-days-10-years","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/market-update\/emini-longest-streak-bull-days-10-years\/","title":{"rendered":"Emini having longest streak of bull days in 10 years"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Emini and Forex Trading Update:<br>Tuesday April 13, 2021<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Pre-Open market analysis of daily chart<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Yesterday was 12<sup>th<\/sup> consecutive bull day and the 12<sup>th<\/sup> day in a bull micro channel. <\/li><li>The last time there were 12 or more consecutive bull days was in February 2011. That streak ended after 15 days. It was followed by a 9% correction that lasted 2 months. After a minor new high, there was a 24% correction into October.<\/li><li>3 legs up in tight bull channel over past 3 weeks, so parabolic wedge buy climax.<\/li><li>Even though very strong bull trend, the buy climax is extreme. There is an increased chance of a reversal down coming at any time. Will it be as big as in 2011? There is a 50% chance of it being 10% and a 30% chance of it being 20%.<\/li><li>Buy climaxes can last much longer than what might seem reasonable. While unlikely, this one could continue much higher.<\/li><li>But it is already a once-a-decade type of buy climax. Therefore, even if it continues up, it will probably not go much higher before there is profit taking for at least a couple weeks. <\/li><li><a aria-label=\"As I said over the weekend (opens in a new tab)\" href=\"https:\/\/www.brookstradingcourse.com\/analysis\/emini-11-day-bull-micro-channel\/#5-the-daily-sampp500-emini-futures-chart-is-in-extreme-buy-climax-\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"rank-math-link\">As I said over the weekend<\/a>, the Emini might soon put in the high for the next many months and possibly for the year.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">IMPORTANT: Reduced Emini and Forex reports<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li> Due to need to reduce workload, Al will only be writing the Emini and Forex daily reports on the days he is active in trading room. This will usually be 3 times a week: Monday, Wednesday, and Friday. <\/li><li>The previous day&#8217;s Emini setups chart will be posted on those days with no report.<\/li><li><strong>See Trading Room calendar in right-hand-side sidebar for when reports are to be issued.<\/strong><\/li><li>Apologies for short notice.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Yesterday&#8217;s Emini setups<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/04\/Emini-wedge-bull-flag-and-2nd-leg-bull-trap.png\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/04\/Emini-wedge-bull-flag-and-2nd-leg-bull-trap-680x383.png\" alt=\"Emini wedge bull flag and 2nd leg bull trap\" class=\"wp-image-114932\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/04\/Emini-wedge-bull-flag-and-2nd-leg-bull-trap-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/04\/Emini-wedge-bull-flag-and-2nd-leg-bull-trap-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/04\/Emini-wedge-bull-flag-and-2nd-leg-bull-trap-768x432.png 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/04\/Emini-wedge-bull-flag-and-2nd-leg-bull-trap-1536x864.png 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/04\/Emini-wedge-bull-flag-and-2nd-leg-bull-trap.png 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<p class=\"caption\">Here are several reasonable stop entry setups from yesterday. 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 Patterns have access to a much more detailed explanation of the swing trades for each day (see Online Course\/BTC Daily Setups).<\/p>\n\n\n\n<p class=\"caption\">My goal with these charts is to present an Always In perspective. If a trader was trying to be Always In or nearly Always In a position all day, and he was not currently in the market, these entries would be logical times for him to enter.<\/p>\n\n\n\n<p class=\"caption\">If the risk is too big for your account, you should wait for trades with less risk or trade an alternative market like the Micro Emini.<\/p>\n\n\n\n<p><em>See the <a rel=\"noreferrer noopener\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/analysis\/\" target=\"_blank\">weekly update<\/a> for a discussion of the price action on the weekly chart and for what to expect going into next week.<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Trading Room<\/h2>\n\n\n\n<p>Traders can see the end of the day <a href=\"http:\/\/www.brookspriceaction.com\/profile.php?mode=profil&amp;sub=profile_prefer&amp;mod=0\" target=\"_blank\" rel=\"noreferrer noopener\">bar-by-bar price action report by signing up<\/a> for free at BrooksPriceAction.com. I talk about the detailed S&amp;P Emini futures price action real-time throughout the day in the BrooksPriceAction.com <a href=\"https:\/\/www.brookstradingcourse.com\/online-day-trading-room\/\" target=\"_blank\" rel=\"noreferrer noopener\">trading room<\/a>. We offer a <a href=\"http:\/\/www.brookspriceaction.com\/portal.php?page=11\" target=\"_blank\" rel=\"noreferrer noopener\">2 day free trial<\/a>.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Charts use Pacific Time<\/h3>\n\n\n\n<p>When I mention time, it is USA Pacific Time (the Emini day session opens at 6:30 am PT, and closes at 1:15 pm PT). You can read background information on the intraday market reports on the <a rel=\"noreferrer noopener\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/market-update\/\" target=\"_blank\">Market Update<\/a> page.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Emini and Forex Trading Update:Tuesday April 13, 2021 Pre-Open market analysis of daily chart Yesterday was 12th consecutive bull day and the 12th day in a bull micro channel. The last time there were 12 or more consecutive bull days was in February 2011. That streak ended after 15 days. It was followed by a [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":114927,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"shadow","_genesis_layout":"","footnotes":""},"categories":[153],"tags":[60],"class_list":{"0":"post-114867","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-update","8":"tag-sp-emini","9":"entry","10":"override","11":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/04\/Emini-trading-range-with-late-rally.png","author_info":{"display_name":"Al","author_link":"https:\/\/www.brookstradingcourse.com\/pt-br\/author\/albrooks\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/114867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/comments?post=114867"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/114867\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/114927"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=114867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=114867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=114867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}