Emini and Forex Trading Update:Friday January 8, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a 3rd consecutive bull trend day. While it is overbought, traders will keep buying until there is a clear top, or a strong reversal down. There is a measured move target […]
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 climactic test of last year’s high occurred yesterday
Emini and Forex Trading Update:Thursday January 7, 2021 I will update again at the end of the day. Pre-Open market analysis After Monday triggered the yearly buy signal by going above last year’s high (an outside up candlestick), it immediately reversed down. This often happens with higher time frame signals. When a buy signal bar […]
Emini ioi bull flag after OO Breakout Mode and ahead of Georgia election
Emini and Forex Trading Update:Wednesday January 6, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday was a bull inside day after Monday was a huge outside down day. It is therefore an ioi buy signal bar for today (inside-outside-inside). But, remember, Thursday and Monday were consecutive outside bars. […]
Emini failed gap up on daily, weekly, monthly, and yearly charts
Emini and Forex Trading Update:Tuesday January 5, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped up to a new all-time high on the daily, weekly, monthly, and yearly charts. However, the Emini immediately sold off and formed a big bear trend — a failed gap up. Yesterday […]
Emini will probably gap up today on the yearly, monthly, weekly, and daily charts today
Emini and Forex Trading Update:Monday January 4, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed an outside up day on Thursday, which was the final trading day of 2020. More importantly, the Emini closed at a new all-time high. The bulls hope for an Emini gap […]
Emini IOI Breakout Mode on final day of 2020
Emini and Forex Trading Update:Thursday December 31, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was an inside bar and it followed an outside bar. There is now an IOI (inside-outside-inside) pattern on the daily chart — an IOI Breakout Mode pattern. With today being the final trading […]
Emini bull trend, but bears want a reversal down at end of 2020
Emini and Forex Trading Update:Wednesday December 30, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was an outside down day, and a reversal down from the top of the bull channel that began with the November 9 high. If today trades below yesterday’s low, it will trigger a […]
Emini all-time high with 3 days left in 2020
Emini and Forex Trading Update:Tuesday December 29, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped up to a new Emini all-time high. It triggered High 1 buy signals on the daily and weekly charts. Since yesterday was a bull day, there is an increased chance of higher […]
Emini daily and weekly High 1 bull flags at end of 2021
Emini and Forex Trading Update:Monday December 28, 2020 I will update again at the end of the day. Pre-Open market analysis Last Thursday (pre-Christmas holiday) was a bull inside bar on the daily chart, after a big bull day a week ago. Today is a High 1 buy signal bar in a Small Pullback Bull […]
Emini momentum falling at top of December trading range
Emini and Forex Trading Update:Thursday December 24, 2020 I will update again at the end of the day. Pre-Open market analysis It is important to note that today closes at 10:15 am PST. Yesterday was a small bear reversal day on the daily chart, with Emini momentum falling, and it is a sell signal bar […]