{"id":227292,"date":"2025-01-13T07:26:45","date_gmt":"2025-01-13T15:26:45","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=227292"},"modified":"2025-01-13T20:30:58","modified_gmt":"2025-01-14T04:30:58","slug":"emini-bears-want-test-of-november-low","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/emini-bears-want-test-of-november-low\/","title":{"rendered":"Emini Bears Want Test of November Low"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Trading Update: Monday January 13, 2025<\/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-9b6f348\" data-video=\"https:\/\/www.youtube.com\/watch?v=fnqtawqPioU\" data-block-id=\"9b6f348\"><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-d5bb8c1\" data-block-id=\"d5bb8c1\"><span class=\"stk--svg-wrapper\"><div class=\"stk--inner-svg\"><svg style=\"height:0;width:0\"><defs><linearGradient id=\"linear-gradient-d5bb8c1\" x1=\"0\" x2=\"100%\" y1=\"0\" y2=\"0\"><stop offset=\"0%\" style=\"stop-opacity:1;stop-color:var(--linear-gradient-d-5-bb-8-c-1-color-1)\"><\/stop><stop offset=\"100%\" style=\"stop-opacity:1;stop-color:var(--linear-gradient-d-5-bb-8-c-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-8ffd686\" data-block-id=\"8ffd686\"><figure><span class=\"stk-img-wrapper stk-image--shape-stretch\"><img loading=\"lazy\" decoding=\"async\" class=\"stk-img wp-image-191059\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/emini-end-of-day-review-monday-s-2.jpg\" width=\"1280\" height=\"720\" alt=\"Emini End of Day Review - Monday September 25, 2023 - Brad Wolff\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/emini-end-of-day-review-monday-s-2.jpg 1280w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/emini-end-of-day-review-monday-s-2-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/emini-end-of-day-review-monday-s-2-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/emini-end-of-day-review-monday-s-2-768x432.jpg 768w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><\/span><\/figure><\/div>\n<\/div><\/div>\n\n\n\n<p><em>You can also watch Joseph\u2019s EOD Review for today on his <a href=\"https:\/\/www.youtube.com\/watch?v=wFX_rET6AvA\" target=\"_blank\" rel=\"noreferrer noopener\">YouTube channel<\/a>.<\/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>The daily chart closed below the January 2<sup>nd<\/sup> low last Friday, demonstrating strength by the bears. The bears are hopeful that the selloff will reach the November 4<sup>th<\/sup> low.<\/li>\n\n\n\n<li>The bulls see the current breakout below the January 2<sup>nd<\/sup> low as a bear breakout below the bear channel.<\/li>\n\n\n\n<li>The bulls want today to lead to disappointment for the bears and the market to lead to a reversal. They are hopeful that today, a strong bull reversal bar will form, which would entice some bulls to exit above the bar.<\/li>\n\n\n\n<li>The market is so close to the November 4<sup>th<\/sup> low that it will probably have to reach it in the next couple of days.<\/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 gapped down and has gone sideways for the first 12 bars of the U.S. Session.<\/li>\n\n\n\n<li>The bears are hopeful that the rally up to last Friday\u2019s low is a pullback that will lead to a channel down following the gap down.<\/li>\n\n\n\n<li>The bulls want the opposite. They see the market as forming a trading range open and will be low enough to buy any reversal down. Bar 13 is a reminder that today will probably have a lot of trading range price action.<\/li>\n\n\n\n<li>Most traders are better off waiting for a clear breakout with follow-through beyond the opening range before placing a trade.<\/li>\n\n\n\n<li>It is best to assume that the open trading range can last longer than what seems reasonable.<\/li>\n\n\n\n<li>Traders should pay attention to the day&#8217;s open and last Friday\u2019s low as both will likely be essential magnets today. After last Friday&#8217;s downside breakout bar, the bulls want to create bad follow-through. This means that today is unlikely to be a big bear trend day and is more likely to develop a trading range.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Friday&#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\/2025\/01\/SP500-Emini-5-Minute-Chart-Bear-Trend-from-Open-and-Then-a-Trading-Range.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/SP500-Emini-5-Minute-Chart-Bear-Trend-from-Open-and-Then-a-Trading-Range-680x383.jpg\" alt=\"SP500 Emini 5-Minute Chart Bear Trend from Open Then Trading Range\" class=\"wp-image-227718\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/SP500-Emini-5-Minute-Chart-Bear-Trend-from-Open-and-Then-a-Trading-Range-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/SP500-Emini-5-Minute-Chart-Bear-Trend-from-Open-and-Then-a-Trading-Range-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/SP500-Emini-5-Minute-Chart-Bear-Trend-from-Open-and-Then-a-Trading-Range-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/SP500-Emini-5-Minute-Chart-Bear-Trend-from-Open-and-Then-a-Trading-Range.jpg 1280w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<p><em>Al created the SP500 Emini charts.<\/em><\/p>\n\n\n\n<p class=\"caption\">Here are reasonable stop entry setups from Friday. 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\/2025\/01\/SP500-Emini-5-Minute-Chart-DB-Double-Bottom-2nd-Attempt.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/SP500-Emini-5-Minute-Chart-DB-Double-Bottom-2nd-Attempt-680x383.jpg\" alt=\"SP500 Emini 5-Minute Chart DB Double Bottom 2nd Attempt\" class=\"wp-image-227743\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/SP500-Emini-5-Minute-Chart-DB-Double-Bottom-2nd-Attempt-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/SP500-Emini-5-Minute-Chart-DB-Double-Bottom-2nd-Attempt-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/SP500-Emini-5-Minute-Chart-DB-Double-Bottom-2nd-Attempt-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/SP500-Emini-5-Minute-Chart-DB-Double-Bottom-2nd-Attempt.jpg 1280w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<p><em>Al created the SP500 Emini charts.<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\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: Monday January 13, 2025 Emini end of day video review You can also watch Joseph\u2019s EOD Review for today on his YouTube channel. S&amp;P Emini market analysis Emini daily chart Emini 5-minute chart and what to expect today Friday&#8217;s Emini setups Al created the SP500 Emini charts. Here are reasonable stop entry setups [&hellip;]<\/p>\n","protected":false},"author":5460,"featured_media":227718,"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":[60,1381],"class_list":{"0":"post-227292","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-sp-emini","11":"tag-testing-support","12":"entry","13":"override","14":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/SP500-Emini-5-Minute-Chart-Bear-Trend-from-Open-and-Then-a-Trading-Range.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\/227292","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=227292"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/227292\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/227718"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=227292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=227292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=227292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}