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-BO-Below-Trading-Range-Bears-Need-FT-resize-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This\u00a0week\u2019s\u00a0Emini candlestick\u00a0<\/a>was a big bear bar closing in its lower half with a long tail below.<\/li>\n\n\n\n
- Last week<\/a>, we said that traders would see if the bears could create a follow-through bear bar (closing below the 20-week EMA), something they haven\u2019t been able to do since September 2023. Or if the market would continue to trade sideways and reverse back above the 20-week EMA followed by a retest of the Jan\/Feb highs instead.<\/li>\n\n\n\n
- The market formed a breakout below the 23-week trading range.<\/li>\n\n\n\n
- The bulls see the market as being in a broad bull channel and want the pullback to form a higher low.<\/li>\n\n\n\n
- They want a reversal from a double bottom bull flag (Jan 13 and Mar 7) 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 above.<\/li>\n\n\n\n
- If the market trades lower, they hope that the September or August low will act as support.<\/li>\n\n\n\n
- The bears got 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 got a breakout below the trading range low this week.<\/li>\n\n\n\n
- They want a measured move based on the height of the 23-week trading range which will take them to the 5400 area.<\/li>\n\n\n\n
- The bears must create follow-through selling following this week\u2019s breakout below the trading range.<\/li>\n\n\n\n
- If the market trades higher, they want the January 13 or February 28 low to act as resistance. They see it as a retest of the breakout point.<\/li>\n\n\n\n
- They want the bear trend line or the 20-week EMA to act as resistance.<\/li>\n\n\n\n
- If the market trades higher, they want at least a small second leg sideways to down to retest the current leg extreme low (now Mar 7).<\/li>\n\n\n\n
- Since this week\u2019s candlestick is a bear bar closing in its lower half, it can be a sell signal bar for next week albeit weaker (long tail below).<\/li>\n\n\n\n
- The bears need to create follow-through selling to increase the odds of a measured move down.<\/li>\n\n\n\n
- Traders will see if the bears can create follow-through selling below the January 13 low.<\/li>\n\n\n\n
- If there is a pullback (bounce), traders will see the follow-through buying. If it lacks strong follow-through buying, the odds of another sideways to down leg will increase.<\/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\/03\/Emini-Daily-BO-Below-TR-Bears-Want-2nd-Leg-resize-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The market broke below the trading range low on Tuesday but lacked follow-through selling. The Emini then gapped lower on Thursday. Friday traded lower but reversed into a bull bar closing near its high.<\/li>\n\n\n\n
- Previously<\/a>, we said the bears must do more to convince traders they are back in control by creating a couple of strong consecutive bear bars to increase the odds of testing the January 13 low.<\/li>\n\n\n\n
- The bulls see the market trading in a broad bull channel and want the market to form a higher low.<\/li>\n\n\n\n
- They want a reversal from a double bottom bull flag (Jan 13 and Mar 7), a wedge bull flag (Nov 4, Jan 13, and Feb 28) and a parabolic wedge (Feb 28, Mar 4, and Mar 7).<\/li>\n\n\n\n
- They want a failed breakout below the trading range. At the least, they want a minor pullback testing the 20-day EMA.<\/li>\n\n\n\n
- They hope that the 200-day EMA will act as support.<\/li>\n\n\n\n
- The bears got 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 hope to get a bear leg to retest the January 13 low followed by a breakout below. They got it this week.<\/li>\n\n\n\n
- If there is a pullback, they want the January 13\/February 28 low, the bear trend line or the 20-day EMA to act as resistance, followed by a second leg sideways to down to retest the current leg extreme low (now Mar 7).<\/li>\n\n\n\n
- The bears need to create follow-through selling below the January 13 low to increase the odds of a measured move (based on the height of the 23-week trading range) which will take them to around 5400.<\/li>\n\n\n\n
- So far, the move down is in a tight bear channel which means persistent selling.<\/li>\n\n\n\n
- The selling pressure in the move down is stronger (consecutive bear bars, bigger bear bars) than the weaker buying pressure (bull bars with no follow-through buying).<\/li>\n\n\n\n
- Because of the parabolic wedge (Feb 28, Mar 4, and Mar 7) and climactic selloff, the market may form a minor pullback (bounce) probably early next week.<\/li>\n\n\n\n
- Traders will see the follow-through buying of the pullback. If it is weak and lacks strong follow-through buying, stalling around the bear trend line or the 20-day EMA, the odds of another sideways to down leg will increase.<\/li>\n\n\n\n
- The candlestick in the move down (since Feb 19) has a lot of overlapping ranges. The bears are not yet as strong as they hope to be.<\/li>\n\n\n\n
- If there is a pullback, odds favor at least a small second leg sideways to down to retest the current leg extreme low (now Mar 7).<\/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
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- This\u00a0week\u2019s\u00a0Emini candlestick\u00a0<\/a>was a big bear bar closing in its lower half with a long tail below.<\/li>\n\n\n\n
- Last week<\/a>, we said that traders would see if the bears could create a follow-through bear bar (closing below the 20-week EMA), something they haven\u2019t been able to do since September 2023. Or if the market would continue to trade sideways and reverse back above the 20-week EMA followed by a retest of the Jan\/Feb highs instead.<\/li>\n\n\n\n
- The market formed a breakout below the 23-week trading range.<\/li>\n\n\n\n
- The bulls see the market as being in a broad bull channel and want the pullback to form a higher low.<\/li>\n\n\n\n
- They want a reversal from a double bottom bull flag (Jan 13 and Mar 7) 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 above.<\/li>\n\n\n\n
- If the market trades lower, they hope that the September or August low will act as support.<\/li>\n\n\n\n
- The bears got 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 got a breakout below the trading range low this week.<\/li>\n\n\n\n
- They want a measured move based on the height of the 23-week trading range which will take them to the 5400 area.<\/li>\n\n\n\n
- The bears must create follow-through selling following this week\u2019s breakout below the trading range.<\/li>\n\n\n\n
- If the market trades higher, they want the January 13 or February 28 low to act as resistance. They see it as a retest of the breakout point.<\/li>\n\n\n\n
- They want the bear trend line or the 20-week EMA to act as resistance.<\/li>\n\n\n\n
- If the market trades higher, they want at least a small second leg sideways to down to retest the current leg extreme low (now Mar 7).<\/li>\n\n\n\n
- Since this week\u2019s candlestick is a bear bar closing in its lower half, it can be a sell signal bar for next week albeit weaker (long tail below).<\/li>\n\n\n\n
- The bears need to create follow-through selling to increase the odds of a measured move down.<\/li>\n\n\n\n
- Traders will see if the bears can create follow-through selling below the January 13 low.<\/li>\n\n\n\n
- If there is a pullback (bounce), traders will see the follow-through buying. If it lacks strong follow-through buying, the odds of another sideways to down leg will increase.<\/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 broke below the trading range low on Tuesday but lacked follow-through selling. The Emini then gapped lower on Thursday. Friday traded lower but reversed into a bull bar closing near its high.<\/li>\n\n\n\n
- Previously<\/a>, we said the bears must do more to convince traders they are back in control by creating a couple of strong consecutive bear bars to increase the odds of testing the January 13 low.<\/li>\n\n\n\n
- The bulls see the market trading in a broad bull channel and want the market to form a higher low.<\/li>\n\n\n\n
- They want a reversal from a double bottom bull flag (Jan 13 and Mar 7), a wedge bull flag (Nov 4, Jan 13, and Feb 28) and a parabolic wedge (Feb 28, Mar 4, and Mar 7).<\/li>\n\n\n\n
- They want a failed breakout below the trading range. At the least, they want a minor pullback testing the 20-day EMA.<\/li>\n\n\n\n
- They hope that the 200-day EMA will act as support.<\/li>\n\n\n\n
- The bears got 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 hope to get a bear leg to retest the January 13 low followed by a breakout below. They got it this week.<\/li>\n\n\n\n
- If there is a pullback, they want the January 13\/February 28 low, the bear trend line or the 20-day EMA to act as resistance, followed by a second leg sideways to down to retest the current leg extreme low (now Mar 7).<\/li>\n\n\n\n
- The bears need to create follow-through selling below the January 13 low to increase the odds of a measured move (based on the height of the 23-week trading range) which will take them to around 5400.<\/li>\n\n\n\n
- So far, the move down is in a tight bear channel which means persistent selling.<\/li>\n\n\n\n
- The selling pressure in the move down is stronger (consecutive bear bars, bigger bear bars) than the weaker buying pressure (bull bars with no follow-through buying).<\/li>\n\n\n\n
- Because of the parabolic wedge (Feb 28, Mar 4, and Mar 7) and climactic selloff, the market may form a minor pullback (bounce) probably early next week.<\/li>\n\n\n\n
- Traders will see the follow-through buying of the pullback. If it is weak and lacks strong follow-through buying, stalling around the bear trend line or the 20-day EMA, the odds of another sideways to down leg will increase.<\/li>\n\n\n\n
- The candlestick in the move down (since Feb 19) has a lot of overlapping ranges. The bears are not yet as strong as they hope to be.<\/li>\n\n\n\n
- If there is a pullback, odds favor at least a small second leg sideways to down to retest the current leg extreme low (now Mar 7).<\/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 that traders would see if the bears could create a follow-through bear bar (closing below the 20-week EMA), something they haven\u2019t been able to do since September 2023. Or if the market would continue to trade sideways and reverse back above the 20-week EMA followed by a retest of the Jan\/Feb highs instead.<\/li>\n\n\n\n