{"id":229276,"date":"2025-02-05T07:16:44","date_gmt":"2025-02-05T15:16:44","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=229276"},"modified":"2025-02-05T21:43:22","modified_gmt":"2025-02-06T05:43:22","slug":"emini-flat-moving-average-on-daily","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/emini-flat-moving-average-on-daily\/","title":{"rendered":"Emini Flat Moving Average on Daily"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Trading Update: Wednesday February 5, 2025<\/h3>\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 moving average on the Emini daily chart is flat, and the price is right at it. This increases the odds of sideways trading and disappointment for both the bulls and the bears.<\/li>\n\n\n\n<li>Yesterday, there were consecutive bull bars on the daily chart. This is follow-through buying for the bulls and increases the odds of a 2<sup>nd<\/sup> leg up.<\/li>\n\n\n\n<li>The moving average on the daily chart is flat, and the price is right at it. This increases the odds of sideways trading and disappointment for both the bulls and the bears.<\/li>\n\n\n\n<li>The bears are hopeful that today will form an inside bar closing on its low. Today, they want to create a Low 1 short and lead to a 2nd leg down after last Friday\u2019s bear reversal bar.<\/li>\n\n\n\n<li>Because the market is in the middle of a 3-month trading range, the odds favor sideways trading on the daily chart.<\/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>Today, a small gap was formed, and an opening reversal at the moving average was formed with bar 3.<\/li>\n\n\n\n<li>The bears formed a large outside down bar during the bar 7 report bar. However, it is a climactic bar at support, following consecutive sell climaxes. This increases the odds of a couple of legs up and a test of the bar 7 high.<\/li>\n\n\n\n<li>The bulls formed consecutive bull bars with bars 8-9. This is a desire that the bears are not eager to sell the bar 7 close, increasing the odds that a trading range is more likely than a bear trend.<\/li>\n\n\n\n<li>At the moment, it looks like the market will try and rally back up to the day&#8217;s open and, at a minimum, get a 2<sup>nd<\/sup> leg up following bar 8-9 bull breakout.<\/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\/2025\/02\/SP500-Emini-5-Min-Chart-Bull-Trend-from-Open-and-Then-Trading-Range.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/SP500-Emini-5-Min-Chart-Bull-Trend-from-Open-and-Then-Trading-Range-680x383.jpg\" alt=\"SP500 Emini 5-Min Chart Bull Trend from Open and Then Trading Range\" class=\"wp-image-229362\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/SP500-Emini-5-Min-Chart-Bull-Trend-from-Open-and-Then-Trading-Range-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/SP500-Emini-5-Min-Chart-Bull-Trend-from-Open-and-Then-Trading-Range-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/SP500-Emini-5-Min-Chart-Bull-Trend-from-Open-and-Then-Trading-Range-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/SP500-Emini-5-Min-Chart-Bull-Trend-from-Open-and-Then-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 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\/2025\/02\/SP500-Emini-5-Min-Chart-Bear-Trap-Then-Breakout-and-Channel-Bull-Trend.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/SP500-Emini-5-Min-Chart-Bear-Trap-Then-Breakout-and-Channel-Bull-Trend-680x383.jpg\" alt=\"SP500 Emini 5-Min Chart Bear Trap Then Breakout and Channel Bull Trend\" class=\"wp-image-229425\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/SP500-Emini-5-Min-Chart-Bear-Trap-Then-Breakout-and-Channel-Bull-Trend-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/SP500-Emini-5-Min-Chart-Bear-Trap-Then-Breakout-and-Channel-Bull-Trend-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/SP500-Emini-5-Min-Chart-Bear-Trap-Then-Breakout-and-Channel-Bull-Trend-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/SP500-Emini-5-Min-Chart-Bear-Trap-Then-Breakout-and-Channel-Bull-Trend.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<h3 class=\"wp-block-heading\">Emini end of day video review<\/h3>\n\n\n\n<p>Periodic end of day review videos will be moved to top of page when done.<\/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<ul class=\"wp-block-list\">\n<li>The EURUSD formed a bull reversal bar on Monday, February 3<sup>rd<\/sup>, following a test down to the January low.<\/li>\n\n\n\n<li>The bulls will see Monday\u2019s reversal as a higher low major trend reversal.<\/li>\n\n\n\n<li>So far, the follow-through yesterday and today has been good for the bulls and increases the odds of a 2<sup>nd<\/sup> leg up.<\/li>\n\n\n\n<li>The lower tail on Tuesday\u2019s bull bar is a little disappointing for the bulls. The tail is a sign that the trader bought a pullback of Monday\u2019s reversal bar rather than the close of Monday\u2019s bar.<\/li>\n\n\n\n<li>Traders will pay close attention to see how today\u2019s bar closes. Because of Tuesday\u2019s tail below the bar, there is an increased risk that Thursday will be a disappointing bar for the bulls and lead to hesitation. Thursday may pause, and the market may go sideways for a bar or two.<\/li>\n\n\n\n<li>Overall, the bulls are on a swing buy, betting on a higher low major trend reversal.<\/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: Wednesday February 5, 2025 S&amp;P Emini market analysis Emini daily chart Emini 5-minute chart and what to expect today Yesterday&#8217;s Emini setups Al created the SP500 Emini charts. 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 [&hellip;]<\/p>\n","protected":false},"author":5460,"featured_media":229362,"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],"tags":[281,60],"class_list":{"0":"post-229276","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-update","8":"category-analysis","9":"tag-eurusd-forex","10":"tag-sp-emini","11":"entry","12":"override","13":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/SP500-Emini-5-Min-Chart-Bull-Trend-from-Open-and-Then-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\/229276","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=229276"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/229276\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/229362"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=229276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=229276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=229276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}