Emini and Forex Trading Update:Wednesday September 2, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday broke above the September high. The rally was in a weak bull channel, but the day closed near the high. That increases the chance of a gap up today. The daily […]
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 might get another monthly gap up in September
Emini and Forex Trading Update:Tuesday September 1, 2020 I will update again at the end of the day. Pre-Open market analysis Today is the 1st day of September. The bulls had a gap up in August and August closed near the high of the month yesterday. The bulls want another gap up today for a […]
Emini forming big bull trend bar in August
Emini and Forex Trading Update:Monday August 31, 2020 I will update again at the end of the day. Pre-Open market analysis On Friday, the Emini closed above the 3500 Big Round Number for the 1st time. The daily chart is in a Small Pullback Bull Trend. The week before Labor Day has a bullish tendency. […]
Emini buy climax now testing 3500 Big Round Number
Emini and Forex Trading Update:Friday August 28, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed a doji bar yesterday. Since Wednesday was a big bull day in a buy climax on the daily chart, yesterday’s pause could be the start of some profit taking. The buy […]
Emini late August buy climax should pause today
Emini and Forex Trading Update:Thursday August 27, 2020 I will update again at the end of the day. Pre-Open market analysis The rally over the past 2 days on the 5 minute chart was one of the strongest consecutive days of the year. That reduces the chance of a big selloff. It also reduces the […]
Emini follow-through buying after gap above 3 year trading range
Emini and Forex Trading Update:Wednesday August 26, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up Monday on the weekly chart and rallied. Yesterday was in a trading range for the 1st 3 hours and then in a Small Pullback Bull Trend. It was follow-through buying […]
Will Emini late August gaps up close?
Emini and Forex Trading Update:Tuesday August 18, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped up on the daily and weekly charts. The bulls want a successful breakout above the 3 year trading range and at least a couple legs up. Today might gap up again, extending […]
Emini weekly gap up to new all-time high
Emini and Forex Trading Update:Monday August 24, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini has been in a tight trading range for 3 weeks. It is tilted slightly up. Traders are wondering if the Emini will break far above the February high. Four of the past […]
Emini weak High 1 bull flag after 9 day bull streak
Emini and Forex Trading Update:Friday August 21, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini has been in a Small Pullback Bull Trend since June. Yesterday was another brief pullback. It is a buy signal bar for today. However, the dominant feature on the daily chart is […]
Emini should reverse entire 9 consecutive bull bar buy climax
Emini and Forex Trading Update:Thursday August 20, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday made a new high, but it was mostly sideways until the FOMC minutes. It then sold off sharply to just above Tuesday’s low. The bears were not strong enough to break below Tuesday’s […]