{"id":222787,"date":"2024-11-12T06:49:16","date_gmt":"2024-11-12T14:49:16","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=222787"},"modified":"2024-11-12T22:48:23","modified_gmt":"2024-11-13T06:48:23","slug":"emini-bulls-losing-momentum","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/emini-bulls-losing-momentum\/","title":{"rendered":"Emini Bulls Losing Momentum"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Trading Update: Tuesday November 12, 2024<\/h3>\n\n\n\n<h2 class=\"wp-block-heading\">Emini end of day video review<\/h2>\n\n\n\n<div class=\"wp-block-stackable-video-popup stk-block-video-popup stk-block stk-25b6083\" data-video=\"https:\/\/www.youtube.com\/watch?v=1J68gjtNNqE\" data-block-id=\"25b6083\"><div class=\"stk-block-video-popup__overlay stk-row stk-inner-blocks stk-block-content stk-hover-parent\" aria-label=\"Play Video\" tabindex=\"0\" role=\"button\">\n<div class=\"wp-block-stackable-icon stk-block-icon has-text-align-center stk-block stk-2739aa1\" data-block-id=\"2739aa1\"><span class=\"stk--svg-wrapper\"><div class=\"stk--inner-svg\"><svg style=\"height:0;width:0\"><defs><linearGradient id=\"linear-gradient-2739aa1\" x1=\"0\" x2=\"100%\" y1=\"0\" y2=\"0\"><stop offset=\"0%\" style=\"stop-opacity:1;stop-color:var(--linear-gradient-2739-aa-1-color-1)\"><\/stop><stop offset=\"100%\" style=\"stop-opacity:1;stop-color:var(--linear-gradient-2739-aa-1-color-2)\"><\/stop><\/linearGradient><\/defs><\/svg><svg data-prefix=\"fas\" data-icon=\"play\" class=\"svg-inline--fa fa-play fa-w-14\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\" aria-hidden=\"true\" width=\"32\" height=\"32\"><path fill=\"currentColor\" d=\"M424.4 214.7L72.4 6.6C43.8-10.3 0 6.1 0 47.9V464c0 37.5 40.7 60.1 72.4 41.3l352-208c31.4-18.5 31.5-64.1 0-82.6z\"><\/path><\/svg><\/div><\/span><\/div>\n\n\n\n<div class=\"wp-block-stackable-image stk-block-image stk-block stk-54868e4\" data-block-id=\"54868e4\"><figure><span class=\"stk-img-wrapper stk-image--shape-stretch\"><img loading=\"lazy\" decoding=\"async\" class=\"stk-img wp-image-220667\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/10\/Price-Action-Rose-EOD-Review.jpg\" width=\"1280\" height=\"720\" alt=\"Price Action Rose EOD Review\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/10\/Price-Action-Rose-EOD-Review.jpg 1280w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/10\/Price-Action-Rose-EOD-Review-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/10\/Price-Action-Rose-EOD-Review-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/10\/Price-Action-Rose-EOD-Review-768x432.jpg 768w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><\/span><\/figure><\/div>\n<\/div><\/div>\n\n\n\n<p><em>Follow Rose\u2019s <a href=\"https:\/\/www.youtube.com\/@PriceActionRose\" target=\"_blank\" rel=\"noreferrer noopener\">YouTube channel<\/a> for more Al Brooks price action analysis.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">S&amp;P Emini market analysis<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Emini daily chart<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Yesterday formed a bear bar closing above its midpoint. This is a further sign that the bulls are losing momentum and that the market will pullback soon. <\/li>\n\n\n\n<li>The risk is getting big for the bulls, increasing the odds of a pullback and test of the 6,000-round number.<\/li>\n\n\n\n<li>Even though yesterday was a sign of weakness for the bulls, it is not a good stop-entry sell. This means that the market can get a breakout above yesterday&#8217;s high and test closer to 6,100.<\/li>\n\n\n\n<li>The bears have done a good job by ending the bull streak on the daily chart. Next, the bears need to create bars that close below their midpoints.<\/li>\n\n\n\n<li>The market will probably test done to the October 17<sup>th<\/sup> high over the next several weeks.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Emini 5-minute chart and what to expect today<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Emini formed little to no gap on the open of the U.S. Session. This increases the odds that there will be a lot of trading range price action today.<\/li>\n\n\n\n<li>Bar 1 formed a doji bar overlapping several bars going into yesterday\u2019s close. This increases the odds of a lot of trading range price action lasting for several hours on the open.<\/li>\n\n\n\n<li>There is an 80% chance of a trading range open and only a 20% chance of a trend from the open up or down. This means most traders should consider waiting for 6-12 bars before placing a trade unless they can make quick decisions.<\/li>\n\n\n\n<li>Traders should focus on catching the opening swing that often begins before the end of the second hour. They can wait for the market to form a double top\/bottom or a wedge top\/bottom and enter on a stop entry.<\/li>\n\n\n\n<li>The opening swing is important because it typically lasts two legs and two hours and will often double the opening range.<\/li>\n\n\n\n<li>Yesterday\u2019s high is a likely magnet for the bulls. They see yesterday as a pullback and want the market to break above it. More likely, if the market goes above yesterday\u2019s high, bulls will be disappointed.<\/li>\n<\/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\/2024\/11\/SP500-Emini-5-Min-Chart-Gap-Up-to-Low-2-Then-Upper-Lower-Trading-Ranges.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/11\/SP500-Emini-5-Min-Chart-Gap-Up-to-Low-2-Then-Upper-Lower-Trading-Ranges-680x383.jpg\" alt=\"SP500 Emini 5-Min Chart Gap Up to Low 2 Then Upper Lower Trading Ranges\" class=\"wp-image-223010\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/11\/SP500-Emini-5-Min-Chart-Gap-Up-to-Low-2-Then-Upper-Lower-Trading-Ranges-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/11\/SP500-Emini-5-Min-Chart-Gap-Up-to-Low-2-Then-Upper-Lower-Trading-Ranges-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/11\/SP500-Emini-5-Min-Chart-Gap-Up-to-Low-2-Then-Upper-Lower-Trading-Ranges-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/11\/SP500-Emini-5-Min-Chart-Gap-Up-to-Low-2-Then-Upper-Lower-Trading-Ranges.jpg 1280w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<p><em>Richard created the SP500 Emini charts &#8211; Al travelling.<\/em><\/p>\n\n\n\n<p class=\"caption\">Here are reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell entry bar with a red arrow. Buyers of both the Brooks Trading Course and Encyclopedia of Chart Patterns have access to a near 4-year library of more detailed explanations of swing trade setups (see Online Course\/BTC Daily Setups). Encyclopedia members get current daily charts added to Encyclopedia.<\/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. These therefore are swing entries.<\/p>\n\n\n\n<p class=\"caption\">It is important to understand that most swing setups do not lead to swing trades. As soon as traders are disappointed, many exit. Those who exit prefer to get out with a small profit (scalp), but often have to exit with a small loss.<\/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<h2 class=\"wp-block-heading\">Summary of today&#8217;s S&amp;P Emini price action<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/11\/SP500-Emini-5-Min-Chart-Bull-Trap-Tight-Bear-Channel-Then-Midday-Reversal.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/11\/SP500-Emini-5-Min-Chart-Bull-Trap-Tight-Bear-Channel-Then-Midday-Reversal-680x383.jpg\" alt=\"SP500 Emini 5-Min Chart Bull Trap Tight Bear Channel Then Midday Reversal\" class=\"wp-image-223102\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/11\/SP500-Emini-5-Min-Chart-Bull-Trap-Tight-Bear-Channel-Then-Midday-Reversal-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/11\/SP500-Emini-5-Min-Chart-Bull-Trap-Tight-Bear-Channel-Then-Midday-Reversal-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/11\/SP500-Emini-5-Min-Chart-Bull-Trap-Tight-Bear-Channel-Then-Midday-Reversal-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/11\/SP500-Emini-5-Min-Chart-Bull-Trap-Tight-Bear-Channel-Then-Midday-Reversal.jpg 1280w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<p><em>Richard created the SP500 Emini charts &#8211; Al travelling.<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">EURUSD Forex market analysis<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">EURUSD Forex daily chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/11\/EURUSD-Daily-Testing-2024-Low.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/11\/EURUSD-Daily-Testing-2024-Low-680x383.jpg\" alt=\"EURUSD Daily Chart Testing 2024 Low\" class=\"wp-image-223062\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/11\/EURUSD-Daily-Testing-2024-Low-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/11\/EURUSD-Daily-Testing-2024-Low-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/11\/EURUSD-Daily-Testing-2024-Low-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/11\/EURUSD-Daily-Testing-2024-Low-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/11\/EURUSD-Daily-Testing-2024-Low.jpg 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The EURUSD broke below yesterday\u2019s low and is near the April 2024 low of the year.<\/li>\n\n\n\n<li>The market will probably have to fall below it.<\/li>\n\n\n\n<li>The bulls are hopeful that today will form a strong bull reversal bar leading to a double bottom with the April 2024 low.<\/li>\n\n\n\n<li>If the bulls are going to get a reversal up, they need a credible stop-entry buy to force the bears to buy back shorts. Without it, bears will continue to sell, and the market will go lower.<\/li>\n\n\n\n<li>So far, the past three trading days have tails below the bars, including today. This increases the odds that the market will probably get a pullback soon.<\/li>\n\n\n\n<li>Overall, the market is so close to the 2024 low that it will likely be unable to escape it.<\/li>\n<\/ul>\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 has-css-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Trading Room<\/h2>\n\n\n\n<p>Al Brooks and other presenters talk about the detailed Emini price action real-time each day in the BrooksPriceAction.com <a href=\"https:\/\/www.brookstradingcourse.com\/online-day-trading-room\/\" target=\"_blank\" rel=\"noreferrer noopener\">trading room<\/a> days. 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 has-css-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Charts use Pacific Time<\/h3>\n\n\n\n<p>When times are mentioned, it is USA Pacific Time. The Emini day session charts begin at 6:30 am PT and end at 1:15 pm PT which is 15 minutes after the NYSE closes. You can read background information on the market reports on the <a href=\"https:\/\/www.brookstradingcourse.com\/blog\/market-update\/\" target=\"_blank\" rel=\"noreferrer noopener\">Market Update<\/a> page.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Trading Update: Tuesday November 12, 2024 Emini end of day video review Follow Rose\u2019s YouTube channel for more Al Brooks price action analysis. S&amp;P Emini market analysis Emini daily chart Emini 5-minute chart and what to expect today Yesterday&#8217;s Emini setups Richard created the SP500 Emini charts &#8211; Al travelling. Here are reasonable stop entry [&hellip;]<\/p>\n","protected":false},"author":5460,"featured_media":223010,"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":[153,136,241],"tags":[281,60],"class_list":{"0":"post-222787","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-update","8":"category-analysis","9":"category-video","10":"tag-eurusd-forex","11":"tag-sp-emini","12":"entry","13":"override","14":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/11\/SP500-Emini-5-Min-Chart-Gap-Up-to-Low-2-Then-Upper-Lower-Trading-Ranges.jpg","author_info":{"display_name":"Brad","author_link":"https:\/\/www.brookstradingcourse.com\/es\/author\/brad-wolff\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/222787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/users\/5460"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/comments?post=222787"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/222787\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/223010"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=222787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=222787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=222787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}