{"id":227183,"date":"2025-01-12T01:30:00","date_gmt":"2025-01-12T09:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=227183"},"modified":"2025-01-11T13:25:01","modified_gmt":"2025-01-11T21:25:01","slug":"weekly-emini-lower-high-major-trend-reversal","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/weekly-emini-lower-high-major-trend-reversal\/","title":{"rendered":"Weekly Emini Lower High Major Trend Reversal"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: S&amp;P 500 Emini Futures<\/h2>\n\n\n\n<p>The market formed a weekly Emini lower high major trend reversal this week. The bears need to create a follow-through bear bar to increase the odds of lower prices. The bulls want the 20-week EMA, the October\/November lows, or the bull trend line to act as support.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">S&amp;P500 Emini futures<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Weekly<\/em> S&amp;P 500 Emini chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Emini-Weekly-2nd-Leg-Down-Lower-High-MTR.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Emini-Weekly-2nd-Leg-Down-Lower-High-MTR-680x383.jpg\" alt=\"Emini Weekly - 2nd Leg Down, Lower High MTR, Weekly Emini Lower High Major Trend Reversal\" class=\"wp-image-227353\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Emini-Weekly-2nd-Leg-Down-Lower-High-MTR-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Emini-Weekly-2nd-Leg-Down-Lower-High-MTR-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Emini-Weekly-2nd-Leg-Down-Lower-High-MTR-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Emini-Weekly-2nd-Leg-Down-Lower-High-MTR-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Emini-Weekly-2nd-Leg-Down-Lower-High-MTR.jpg 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.investing.com\/indices\/us-spx-500-futures\" target=\"_blank\" rel=\"noreferrer noopener\">This\u00a0week\u2019s\u00a0Emini candlestick\u00a0<\/a>was an outside bear bar closing near its low and below the 20-week EMA.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/monthly-emini-bear-bar\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said that traders would see if the bulls could create a strong bull entry bar (a follow-through bull bar) closing near its high, or if the market would trade slightly higher but stall and close with a long tail above or a bear body instead.<\/li>\n\n\n\n<li>The market opened higher early in the week but reversed to close as an outside bear bar.<\/li>\n\n\n\n<li>The bears got a pullback from a large wedge (Mar 21, Jul 16, and Dec 6), an embedded wedge (Aug 30, Oct 17, and Dec 6) and a micro wedge (Nov 22, Nov 29, and Dec 6).<\/li>\n\n\n\n<li>They hope to get a TBTL (Ten Bars, Two Legs) pullback lasting at least a few weeks. The two-legged pullback is currently underway.<\/li>\n\n\n\n<li>They see this week forming a lower high major trend reversal and want a strong second leg sideways to down.<\/li>\n\n\n\n<li>Since this week closed below the 20-week EMA, the bears need to create a follow-through bear bar to increase the odds of lower prices.<\/li>\n\n\n\n<li>They must create consecutive bear bars closing near their lows to convince traders that they are back in control.<\/li>\n\n\n\n<li>The next targets for the bears are the October \/ November lows and the bull trend line.<\/li>\n\n\n\n<li>The bulls see the market as being in a broad bull channel and want the market to continue sideways to up for months.<\/li>\n\n\n\n<li>They see the current move as a two-legged pullback and want the market to resume higher from a double bottom bull flag (Nov 4 and Jan 10).<\/li>\n\n\n\n<li>They hope that the pullback will have poor follow-through selling.<\/li>\n\n\n\n<li>They want the 20-week EMA, the October\/November lows, or the bull trend line to act as support.<\/li>\n\n\n\n<li>Since this\u00a0week\u2019s\u00a0candlestick is\u00a0a bear bar closing near its low, it is a sell signal bar for next week.<\/li>\n\n\n\n<li>The market may still trade slightly lower towards the October\/November lows or the bull trend line area.<\/li>\n\n\n\n<li>Traders will see if the bears can create a follow-through bear bar following this week\u2019s close below the 20-week EMA.<\/li>\n\n\n\n<li>Or will the market trade slightly lower but close with a long tail below or a bull body instead?<\/li>\n\n\n\n<li>The market has entered a trading range phase.<\/li>\n\n\n\n<li>The bears need to do more and create sustained follow-through selling to convince traders that they are back in control.<\/li>\n\n\n\n<li>If the pullback remains sideways and shallow (overlapping candlesticks, with bull bars, doji(s), and candlesticks with long tails below), the odds of a bull trend resumption will increase after that.<\/li>\n\n\n\n<li>For now, odds slightly favor the pullback to be minor and not lead to a reversal.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Daily<\/em> S&amp;P 500 Emini chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Emini-Daily-Bears-Want-Test-of-the-200-Day-EMA.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Emini-Daily-Bears-Want-Test-of-the-200-Day-EMA-680x383.jpg\" alt=\"Emini Daily - Bears Want Test of the 200-Day EMA\" class=\"wp-image-227356\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Emini-Daily-Bears-Want-Test-of-the-200-Day-EMA-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Emini-Daily-Bears-Want-Test-of-the-200-Day-EMA-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Emini-Daily-Bears-Want-Test-of-the-200-Day-EMA-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Emini-Daily-Bears-Want-Test-of-the-200-Day-EMA-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Emini-Daily-Bears-Want-Test-of-the-200-Day-EMA.jpg 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The market opened higher on Monday but lacked follow-through buying. The Emini then traded sideways to down for the rest of the week.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/weekly-emini-trading-range\/\" target=\"_blank\" rel=\"noreferrer noopener\">Previously<\/a>, we said that traders would see if the bulls could create a retest of the all-time high and a breakout above within the next few weeks or if the bears would be able to create a second leg sideways to down (perhaps testing the Oct\/Nov lows) instead.<\/li>\n\n\n\n<li>So far, the bears have created 3 pushes down (Dec 20, Jan 2, and Jan 10).<\/li>\n\n\n\n<li>The bears got a reversal from a large wedge pattern (Mar 21, Jul 16, and Dec 6) and an embedded wedge (Aug 30, Oct 17, and Dec 6).<\/li>\n\n\n\n<li>They want a pullback lasting at least a few weeks &#8211; a TBTL (ten bars, two legs) pullback. The pullback has fulfilled the minimum requirements.<\/li>\n\n\n\n<li>They want the 20-day EMA or the bear trend line to act as resistance. So far, this is the case.<\/li>\n\n\n\n<li>They want another strong leg down to test the October\/November lows and the 200-day EMA from a double top bear flag (Dec 26 and Jan 6).<\/li>\n\n\n\n<li>If the market trades higher, they want a wedge bear flag with the first two legs being December 26 and January 6.<\/li>\n\n\n\n<li>They must create consecutive bear bars closing near their lows to show they are back in control.<\/li>\n\n\n\n<li>The bulls see the market trading in a broad bull channel and want the move to continue for months. They want an endless pullback bull trend.<\/li>\n\n\n\n<li>They want a retest of the all-time high (Dec 6) from a wedge bull flag (Dec 20, Jan 2, and Jan 10).<\/li>\n\n\n\n<li>If the market trades lower, they want the October\/November lows or the 200-day EMA to act as support.<\/li>\n\n\n\n<li>So far, the market has transitioned into a trading range.<\/li>\n\n\n\n<li>The bears need to create consecutive bear bars closing near their lows and trading far below the 200-day EMA to increase the odds of a reversal.<\/li>\n\n\n\n<li>The market may still trade at least a little lower.<\/li>\n\n\n\n<li>Traders will see if the bears can create follow-through selling breaking far below the October\/November lows or the 200-day EMA.<\/li>\n\n\n\n<li>Or will the bulls be able to create a reversal from a wedge bull flag instead?<\/li>\n\n\n\n<li>For now, odds slightly favor the pullback to be minor and not lead to a reversal.<\/li>\n<\/ul>\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 rel=\"noreferrer noopener\" class=\"rank-math-link\" href=\"https:\/\/www.brookstradingcourse.com\/online-day-trading-room\/\" target=\"_blank\">trading room<\/a>. We offer a <a rel=\"noreferrer noopener\" href=\"http:\/\/www.brookspriceaction.com\/portal.php?page=11\" target=\"_blank\">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\">Market analysis reports archive<\/h3>\n\n\n\n<p>You can access all weekend reports on the <a rel=\"noreferrer noopener\" class=\"rank-math-link\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/analysis\/\" target=\"_blank\">Market Analysis<\/a> page.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Market Overview: S&amp;P 500 Emini Futures The market formed a weekly Emini lower high major trend reversal this week. The bears need to create a follow-through bear bar to increase the odds of lower prices. The bulls want the 20-week EMA, the October\/November lows, or the bull trend line to act as support. S&amp;P500 Emini [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":227353,"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":[136,1843],"tags":[60],"class_list":{"0":"post-227183","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-analysis","8":"category-sp500-emini","9":"tag-sp-emini","10":"entry","11":"override","12":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Emini-Weekly-2nd-Leg-Down-Lower-High-MTR.jpg","author_info":{"display_name":"Andrew","author_link":"https:\/\/www.brookstradingcourse.com\/es\/author\/andrewa\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/227183","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\/2836"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/comments?post=227183"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/227183\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/227353"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=227183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=227183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=227183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}