Emini and Forex Trading Update:Friday November 1, 2019 I will update again at the end of the day. Pre-Open market analysis October ended yesterday. It was an outside up month on the monthly chart. Traders see it as a buy signal bar for November. By closing above both the September and July highs, the Emini […]
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 rallied on October FOMC announcement of rate cut
Emini and Forex Trading Update:Thursday October 31, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday sold off on the open and closed the gap above Friday’s high and last week’s high. The Emini was in a trading range day until the FOMC announcement. After the 11 am PST […]
Traders awaiting today’s Emini reaction to October FOMC rate cut
Emini and Forex Trading Update:Wednesday October 30, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday formed an outside up day and then an outside down day. It had several sharp moves up and down and formed a trading range day. But by closing below its midpoint, […]
Emini gap up ahead of October FOMC announcement
Emini and Forex Trading Update:Tuesday October 29, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up to a new all-time high yesterday. Since yesterday was a Monday, there is also a gap up on the weekly chart. The bulls want a measured move up. Their minimum […]
Emini might go sideways into October FOMC
Emini and Forex Trading Update:Monday October 28, 2019 I will update again at the end of the day. Pre-Open market analysis On Friday, the Emini traded above the September high. Since it reversed up from below the September low early in the month, October is now an outside up bar on the monthly chart. That […]
Emini weak buy and sell signals ahead of October FOMC
Emini and Forex Trading Update:Friday October 25, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday triggered a buy signal on the daily chart. However, the day went sideways and formed another trading range day. It closed below its midpoint and it is therefore a sell signal […]
Emini weak entry bar after outside down sell signal bar
Emini and Forex Trading Update:Thursday October 24, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini had an outside down bar on Tuesday. Yesterday triggered the sell signal by going below Tuesday’s low. However, yesterday reversed up and closed on its high. It is therefore a High 1 […]
Emini outside down sell signal bar below September high
Emini and Forex Trading Update:Wednesday October 23, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday was an outside down day on the daily chart and it closed near its low. It broke above a 5 day wedge top and reversed down. It is therefore a sell signal bar […]
Emini weak High 1 bull flags on daily and weekly charts
Emini and Forex Trading Update:Tuesday October 22, 2019 I will update again at the end of the day. Pre-Open market analysis Friday was a High 1 bull flag buy signal bar on the daily chart. But Friday had a bear body and it was the 3rd consecutive doji bar. That is a weak buy setup. […]
Emini weak High 1 bull flag buy signal bar
Emini and Forex Trading Update:Monday October 21, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini traded below Thursday’s low on Friday and triggered a sell signal after a 5 day wedge top. Although the Emini sold off strongly, it reversed up midday and the day closed near […]