The Monthly<\/em> Emini chart<\/h3>\n\n\n\n![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/03\/Emini-Monthly-5-Months-Trading-Range-Final-Flag-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The\u00a0February monthly Emini candlestick<\/a> was a bear doji closing below the middle of its range with long tails above and below.<\/li>\n\n\n\n
- Last month<\/a>, we said that traders would see if the bulls could create a breakout above the trading range and close February as a strong bull bar, or if the market would continue to trade sideways within the trading range and breakout below instead.<\/li>\n\n\n\n
- So far, the market has continued to trade sideways, forming a 5-month trading range.<\/li>\n\n\n\n
- The bulls want the market to continue in a broad bull channel for months.<\/li>\n\n\n\n
- They want any pullback to be sideways and shallow (filled with weak bear bars, bull bars, doji(s) and overlapping candlesticks). They want the pullback to have poor follow-through selling. So far, it appears to be the case.<\/li>\n\n\n\n
- They hope that the sideways trading range is enough to alleviate the prior overbought condition.<\/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 5-month trading range.<\/li>\n\n\n\n
- If the market trades lower, they want the bull trend line or the 20-month EMA to act as support.<\/li>\n\n\n\n
- The bears want a reversal from a wedge pattern (Mar 21, Jul 16 and Dec 6). They see a double top (Dec 6 and Feb 19) and 3 push up (Dec 6, Jan 24, and Feb 19 – a triple top).<\/li>\n\n\n\n
- They want a breakout below the 5-month trading range followed by a measured move based on the height of the trading range.<\/li>\n\n\n\n
- They must create credible selling pressure (strong bear bars with follow-through selling) to show they are back in control. Until they can do that, traders will not be willing to sell aggressively.<\/li>\n\n\n\n
- If the market trades higher, they hope the 5-month trading range will be the final flag of the rally.<\/li>\n\n\n\n
- So far, the market has traded sideways for the last 5 months.<\/li>\n\n\n\n
- February closed as a doji bar near the middle of the trading range which is an area of balance and a magnet.<\/li>\n\n\n\n
- The small trading range also indicates the market is in a breakout mode.<\/li>\n\n\n\n
- Traders will wait for a strong breakout from either direction and trade in the direction of the breakout for a measured move (based on the height of the trading range).<\/li>\n\n\n\n
- The move up since October 2023 has lasted a long time and is slightly climactic.<\/li>\n\n\n\n
- However, the bears need to do more by creating credible selling pressure (bear bars with follow-through selling) to show they are back in control.<\/li>\n\n\n\n
- For now, traders will wait for a strong breakout from either direction of the 5-month trading range.<\/li>\n\n\n\n
- Until there is a breakout, there is no breakout.<\/li>\n<\/ul>\n\n\n\n
The Weekly<\/em> S&P 500 Emini chart<\/h3>\n\n\n\n![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/03\/Emini-Weekly-Test-Bull-Trend-Line-Trading-Range-Low-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 slightly above the middle of its range with a long tail below.<\/li>\n\n\n\n
- Last week<\/a>, we said because of the repeated failed attempts to break into new all-time highs, the market could now form a pullback instead. If the bears can create follow-through selling, we may see a deeper pullback testing near the January 13 low area.<\/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 this week as a pullback forming a double bottom bull flag (Jan 13 and Feb 28) or a wedge bull flag (Nov 4, Jan 13, and Feb 28).<\/li>\n\n\n\n
- They want a retest of the all-time high (Dec 6) followed by a breakout and a measured move based on the height of the 23-week trading range.<\/li>\n\n\n\n
- They want the 20-week EMA or the bull trend line to be support areas.<\/li>\n\n\n\n
- The bears see the recent move as a retest of the all-time high (Dec 6) and a bull leg within the 23-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
- They want a breakout below the trading range low followed by a measured move based on the height of the 23-week trading range.<\/li>\n\n\n\n
- The bears must create follow-through selling trading far below the 20-week EMA and the bear trend line to show they are back in control.<\/li>\n\n\n\n
- This\u00a0week\u2019s\u00a0candlestick closed near the middle of the 23-week trading range which is an area of balance and a magnet.<\/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
- Since this week closed below the 20-week EMA, traders will see if the bears can create a follow-through bear bar, something they haven\u2019t been able to do since October 2023.<\/li>\n\n\n\n
- Or will the market continue to trade sideways and reverse back above the 20-week EMA followed by a retest of the Jan\/Feb highs instead?<\/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\/03\/Emini-Monthly-5-Months-Trading-Range-Final-Flag.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- The\u00a0February monthly Emini candlestick<\/a> was a bear doji closing below the middle of its range with long tails above and below.<\/li>\n\n\n\n
- Last month<\/a>, we said that traders would see if the bulls could create a breakout above the trading range and close February as a strong bull bar, or if the market would continue to trade sideways within the trading range and breakout below instead.<\/li>\n\n\n\n
- So far, the market has continued to trade sideways, forming a 5-month trading range.<\/li>\n\n\n\n
- The bulls want the market to continue in a broad bull channel for months.<\/li>\n\n\n\n
- They want any pullback to be sideways and shallow (filled with weak bear bars, bull bars, doji(s) and overlapping candlesticks). They want the pullback to have poor follow-through selling. So far, it appears to be the case.<\/li>\n\n\n\n
- They hope that the sideways trading range is enough to alleviate the prior overbought condition.<\/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 5-month trading range.<\/li>\n\n\n\n
- If the market trades lower, they want the bull trend line or the 20-month EMA to act as support.<\/li>\n\n\n\n
- The bears want a reversal from a wedge pattern (Mar 21, Jul 16 and Dec 6). They see a double top (Dec 6 and Feb 19) and 3 push up (Dec 6, Jan 24, and Feb 19 – a triple top).<\/li>\n\n\n\n
- They want a breakout below the 5-month trading range followed by a measured move based on the height of the trading range.<\/li>\n\n\n\n
- They must create credible selling pressure (strong bear bars with follow-through selling) to show they are back in control. Until they can do that, traders will not be willing to sell aggressively.<\/li>\n\n\n\n
- If the market trades higher, they hope the 5-month trading range will be the final flag of the rally.<\/li>\n\n\n\n
- So far, the market has traded sideways for the last 5 months.<\/li>\n\n\n\n
- February closed as a doji bar near the middle of the trading range which is an area of balance and a magnet.<\/li>\n\n\n\n
- The small trading range also indicates the market is in a breakout mode.<\/li>\n\n\n\n
- Traders will wait for a strong breakout from either direction and trade in the direction of the breakout for a measured move (based on the height of the trading range).<\/li>\n\n\n\n
- The move up since October 2023 has lasted a long time and is slightly climactic.<\/li>\n\n\n\n
- However, the bears need to do more by creating credible selling pressure (bear bars with follow-through selling) to show they are back in control.<\/li>\n\n\n\n
- For now, traders will wait for a strong breakout from either direction of the 5-month trading range.<\/li>\n\n\n\n
- Until there is a breakout, there is no breakout.<\/li>\n<\/ul>\n\n\n\n
The Weekly<\/em> S&P 500 Emini chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n- \n
- This\u00a0week\u2019s\u00a0Emini candlestick\u00a0<\/a>was a bear bar closing slightly above the middle of its range with a long tail below.<\/li>\n\n\n\n
- Last week<\/a>, we said because of the repeated failed attempts to break into new all-time highs, the market could now form a pullback instead. If the bears can create follow-through selling, we may see a deeper pullback testing near the January 13 low area.<\/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 this week as a pullback forming a double bottom bull flag (Jan 13 and Feb 28) or a wedge bull flag (Nov 4, Jan 13, and Feb 28).<\/li>\n\n\n\n
- They want a retest of the all-time high (Dec 6) followed by a breakout and a measured move based on the height of the 23-week trading range.<\/li>\n\n\n\n
- They want the 20-week EMA or the bull trend line to be support areas.<\/li>\n\n\n\n
- The bears see the recent move as a retest of the all-time high (Dec 6) and a bull leg within the 23-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
- They want a breakout below the trading range low followed by a measured move based on the height of the 23-week trading range.<\/li>\n\n\n\n
- The bears must create follow-through selling trading far below the 20-week EMA and the bear trend line to show they are back in control.<\/li>\n\n\n\n
- This\u00a0week\u2019s\u00a0candlestick closed near the middle of the 23-week trading range which is an area of balance and a magnet.<\/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
- Since this week closed below the 20-week EMA, traders will see if the bears can create a follow-through bear bar, something they haven\u2019t been able to do since October 2023.<\/li>\n\n\n\n
- Or will the market continue to trade sideways and reverse back above the 20-week EMA followed by a retest of the Jan\/Feb highs instead?<\/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 because of the repeated failed attempts to break into new all-time highs, the market could now form a pullback instead. If the bears can create follow-through selling, we may see a deeper pullback testing near the January 13 low area.<\/li>\n\n\n\n
- Last month<\/a>, we said that traders would see if the bulls could create a breakout above the trading range and close February as a strong bull bar, or if the market would continue to trade sideways within the trading range and breakout below instead.<\/li>\n\n\n\n