The Weekly<\/em> S&P 500 Emini chart<\/h3>\n\n\n\n![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Emini-Weekly-Bears-Want-DT-LH-MTR-Need-FT-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This\u00a0week\u2019s\u00a0Emini candlestick\u00a0<\/a>was a bear bar closing near its low.<\/li>\n\n\n\n
- Last week<\/a>, we said the market may still trade a little higher. Traders would see if the bulls could create more follow-through buying breaking into new all-time territory or if the market would stall around the December 6 high area instead.<\/li>\n\n\n\n
- The market traded slightly higher but continued to stall around the December 6 high area, forming a strong bear bar.<\/li>\n\n\n\n
- The bulls see the market as being in a broad bull channel and want the Emini to continue sideways to up for months.<\/li>\n\n\n\n
- They see the recent move (to Jan 13) as a two-legged pullback and want the market to resume higher from a double bottom bull flag (Nov 4 and Jan 13).<\/li>\n\n\n\n
- They see the move to February 3 as a pullback and want at least another sideways to up leg (the first leg being the Jan 13 low to Jan 24 high move).<\/li>\n\n\n\n
- The market formed the second leg sideways to up in the last 2-3 weeks but is not as strong as the bulls hope for.<\/li>\n\n\n\n
- They want a breakout into new all-time highs followed by a measured move based on the height of the 22-week trading range.<\/li>\n\n\n\n
- To do that, they must create a strong breakout with sustained follow-through buying.<\/li>\n\n\n\n
- If the market trades lower, they want the 20-week EMA or the bull trend line to be support areas.<\/li>\n\n\n\n
- The bears got a two-legged pullback (Jan 13) but the follow-through selling below the 20-week EMA was limited.<\/li>\n\n\n\n
- They got another pullback to the 20-week EMA (Feb 3) but couldn’t trade far below it.<\/li>\n\n\n\n
- They see the current move as a retest of the prior trend extreme high (Dec 6) and a bull leg within the 22-week trading range.<\/li>\n\n\n\n
- They want a reversal from a double top (Dec 6 and Jan 24), a lower high major trend reversal and a smaller double top (Jan 24 and Feb 19).<\/li>\n\n\n\n
- The bears must create follow-through selling trading below the 20-week EMA and the bear trend line to show they are back in control.<\/li>\n\n\n\n
- The next target for the bears is the January 13 low.<\/li>\n\n\n\n
- Since this\u00a0week\u2019s\u00a0candlestick is\u00a0a bear bar closing near its low, it can be a sell signal bar for next week.<\/li>\n\n\n\n
- The market may gap down on Monday. Small gaps usually close early.<\/li>\n\n\n\n
- Because of the repeated failed attempts to break into new all-time highs, the market could now form a pullback instead.<\/li>\n\n\n\n
- The bears must create follow-through selling to increase the odds of a deeper pullback.<\/li>\n\n\n\n
- The market remains in a 22-week trading range. The December 6 high could be an area of resistance.<\/li>\n\n\n\n
- Traders buying here (near the Dec 6 high area) could be buying near the high of the 22-week trading range, which is not an ideal setup.<\/li>\n\n\n\n
- Traders may BLSH (Buy Low, Sell High) within the trading range until there is a breakout from either direction with follow-through buying\/selling.<\/li>\n\n\n\n
- The buying pressure since the January 13 low is stronger than the selling pressure (almost all candlesticks have bull bodies).<\/li>\n\n\n\n
- However, if the bears can create follow-through selling next week, we may see a deeper pullback testing near the January 13 low area.<\/li>\n\n\n\n
- For now, traders will see if the bears can create follow-through selling trading below the 20-week EMA.<\/li>\n\n\n\n
- Or will the market continue to trade sideways forming more bull bars instead?<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> S&P 500 Emini chart<\/h3>\n\n\n\n![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Emini-Daily-No-BO-Yet-Bears-Want-DT-LH-MTR-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The market traded slightly higher in the first half of the week. Thursday and Friday traded lower, forming a pullback below the 20-day EMA.<\/li>\n\n\n\n
- Last week<\/a>, we said the market could still trade slightly higher. Traders would see if the bulls could create a retest and a breakout above the all-time high, or if the market would stall around the upper third of the 22-week trading range instead.<\/li>\n\n\n\n
- The market stalled around the trading range high followed by a deep pullback on Friday.<\/li>\n\n\n\n
- 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
- They want a retest of the all-time high (Dec 6) followed by a breakout and trend resumption.<\/li>\n\n\n\n
- They made several attempts to retest the all-time high (Jan 24, Feb 19) but couldn\u2019t create a breakout yet.<\/li>\n\n\n\n
- They see the move on Friday as a pullback and hope that the February 12 or February 3 lows area will act as support.<\/li>\n\n\n\n
- The bears want a reversal from a lower high major trend reversal, a double top (Dec 6 and Jan 24), and a smaller double top (Jan 24 and Feb 19).<\/li>\n\n\n\n
- They see the market as being in a 22-week trading range. They hope to get a bear leg to retest the January 13 low followed by a breakout below.<\/li>\n\n\n\n
- They want the December 6 high area to act as resistance. So far, this appears to be the case.<\/li>\n\n\n\n
- The bears need to create follow-through selling following Friday\u2019s close below the 20-day EMA to increase the odds of a retest of the January 13 low.<\/li>\n\n\n\n
- The next targets for the bears are the February 3 and January 13 lows.<\/li>\n\n\n\n
- So far, the market is trading in a 22-week trading range.<\/li>\n\n\n\n
- Traders may BLSH (Buy Low, Sell High) within the trading range until there is a breakout from either direction with follow-through buying\/selling.<\/li>\n\n\n\n
- The buying pressure since the January 13 low is stronger (consecutive bull bars) compared with the weaker selling pressure (bear bars with limited follow-through selling).<\/li>\n\n\n\n
- After repeated failed attempts to break into new all-time highs, the market may do the opposite and form a pullback instead.<\/li>\n\n\n\n
- For now, the market could still trade at least a little lower.<\/li>\n\n\n\n
- Traders will see if the bears can create sustained follow-through selling early next week.<\/li>\n\n\n\n
- Or will the market quickly reverse back above the 20-day EMA instead?<\/li>\n\n\n\n
- The bears must do more to convince traders they are back in control. They can do this by creating a couple of strong consecutive bear bars to increase the odds of testing the January 13 low.<\/li>\n<\/ul>\n\n\n\n
Trading room<\/h2>\n\n\n\n
Al Brooks and other presenters talk about the detailed Emini price action real-time each day in the BrooksPriceAction.com trading room<\/a>. We offer a 2 day free trial<\/a>.<\/p>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Emini-Weekly-Bears-Want-DT-LH-MTR-Need-FT.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- This\u00a0week\u2019s\u00a0Emini candlestick\u00a0<\/a>was a bear bar closing near its low.<\/li>\n\n\n\n
- Last week<\/a>, we said the market may still trade a little higher. Traders would see if the bulls could create more follow-through buying breaking into new all-time territory or if the market would stall around the December 6 high area instead.<\/li>\n\n\n\n
- The market traded slightly higher but continued to stall around the December 6 high area, forming a strong bear bar.<\/li>\n\n\n\n
- The bulls see the market as being in a broad bull channel and want the Emini to continue sideways to up for months.<\/li>\n\n\n\n
- They see the recent move (to Jan 13) as a two-legged pullback and want the market to resume higher from a double bottom bull flag (Nov 4 and Jan 13).<\/li>\n\n\n\n
- They see the move to February 3 as a pullback and want at least another sideways to up leg (the first leg being the Jan 13 low to Jan 24 high move).<\/li>\n\n\n\n
- The market formed the second leg sideways to up in the last 2-3 weeks but is not as strong as the bulls hope for.<\/li>\n\n\n\n
- They want a breakout into new all-time highs followed by a measured move based on the height of the 22-week trading range.<\/li>\n\n\n\n
- To do that, they must create a strong breakout with sustained follow-through buying.<\/li>\n\n\n\n
- If the market trades lower, they want the 20-week EMA or the bull trend line to be support areas.<\/li>\n\n\n\n
- The bears got a two-legged pullback (Jan 13) but the follow-through selling below the 20-week EMA was limited.<\/li>\n\n\n\n
- They got another pullback to the 20-week EMA (Feb 3) but couldn’t trade far below it.<\/li>\n\n\n\n
- They see the current move as a retest of the prior trend extreme high (Dec 6) and a bull leg within the 22-week trading range.<\/li>\n\n\n\n
- They want a reversal from a double top (Dec 6 and Jan 24), a lower high major trend reversal and a smaller double top (Jan 24 and Feb 19).<\/li>\n\n\n\n
- The bears must create follow-through selling trading below the 20-week EMA and the bear trend line to show they are back in control.<\/li>\n\n\n\n
- The next target for the bears is the January 13 low.<\/li>\n\n\n\n
- Since this\u00a0week\u2019s\u00a0candlestick is\u00a0a bear bar closing near its low, it can be a sell signal bar for next week.<\/li>\n\n\n\n
- The market may gap down on Monday. Small gaps usually close early.<\/li>\n\n\n\n
- Because of the repeated failed attempts to break into new all-time highs, the market could now form a pullback instead.<\/li>\n\n\n\n
- The bears must create follow-through selling to increase the odds of a deeper pullback.<\/li>\n\n\n\n
- The market remains in a 22-week trading range. The December 6 high could be an area of resistance.<\/li>\n\n\n\n
- Traders buying here (near the Dec 6 high area) could be buying near the high of the 22-week trading range, which is not an ideal setup.<\/li>\n\n\n\n
- Traders may BLSH (Buy Low, Sell High) within the trading range until there is a breakout from either direction with follow-through buying\/selling.<\/li>\n\n\n\n
- The buying pressure since the January 13 low is stronger than the selling pressure (almost all candlesticks have bull bodies).<\/li>\n\n\n\n
- However, if the bears can create follow-through selling next week, we may see a deeper pullback testing near the January 13 low area.<\/li>\n\n\n\n
- For now, traders will see if the bears can create follow-through selling trading below the 20-week EMA.<\/li>\n\n\n\n
- Or will the market continue to trade sideways forming more bull bars instead?<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> S&P 500 Emini chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n- \n
- The market traded slightly higher in the first half of the week. Thursday and Friday traded lower, forming a pullback below the 20-day EMA.<\/li>\n\n\n\n
- Last week<\/a>, we said the market could still trade slightly higher. Traders would see if the bulls could create a retest and a breakout above the all-time high, or if the market would stall around the upper third of the 22-week trading range instead.<\/li>\n\n\n\n
- The market stalled around the trading range high followed by a deep pullback on Friday.<\/li>\n\n\n\n
- 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
- They want a retest of the all-time high (Dec 6) followed by a breakout and trend resumption.<\/li>\n\n\n\n
- They made several attempts to retest the all-time high (Jan 24, Feb 19) but couldn\u2019t create a breakout yet.<\/li>\n\n\n\n
- They see the move on Friday as a pullback and hope that the February 12 or February 3 lows area will act as support.<\/li>\n\n\n\n
- The bears want a reversal from a lower high major trend reversal, a double top (Dec 6 and Jan 24), and a smaller double top (Jan 24 and Feb 19).<\/li>\n\n\n\n
- They see the market as being in a 22-week trading range. They hope to get a bear leg to retest the January 13 low followed by a breakout below.<\/li>\n\n\n\n
- They want the December 6 high area to act as resistance. So far, this appears to be the case.<\/li>\n\n\n\n
- The bears need to create follow-through selling following Friday\u2019s close below the 20-day EMA to increase the odds of a retest of the January 13 low.<\/li>\n\n\n\n
- The next targets for the bears are the February 3 and January 13 lows.<\/li>\n\n\n\n
- So far, the market is trading in a 22-week trading range.<\/li>\n\n\n\n
- Traders may BLSH (Buy Low, Sell High) within the trading range until there is a breakout from either direction with follow-through buying\/selling.<\/li>\n\n\n\n
- The buying pressure since the January 13 low is stronger (consecutive bull bars) compared with the weaker selling pressure (bear bars with limited follow-through selling).<\/li>\n\n\n\n
- After repeated failed attempts to break into new all-time highs, the market may do the opposite and form a pullback instead.<\/li>\n\n\n\n
- For now, the market could still trade at least a little lower.<\/li>\n\n\n\n
- Traders will see if the bears can create sustained follow-through selling early next week.<\/li>\n\n\n\n
- Or will the market quickly reverse back above the 20-day EMA instead?<\/li>\n\n\n\n
- The bears must do more to convince traders they are back in control. They can do this by creating a couple of strong consecutive bear bars to increase the odds of testing the January 13 low.<\/li>\n<\/ul>\n\n\n\n
Trading room<\/h2>\n\n\n\n
Al Brooks and other presenters talk about the detailed Emini price action real-time each day in the BrooksPriceAction.com trading room<\/a>. We offer a 2 day free trial<\/a>.<\/p>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
- Last week<\/a>, we said the market may still trade a little higher. Traders would see if the bulls could create more follow-through buying breaking into new all-time territory or if the market would stall around the December 6 high area instead.<\/li>\n\n\n\n