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-Parabolic-Wedge-Always-In-Short-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 in its upper half with a long tail below.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would see if the bears could create follow-through selling below the January 13 low. If there is a pullback (bounce), traders would see the follow-through buying. If it lacks strong follow-through buying, the odds of another sideways to down leg will increase.<\/li>\n\n\n\n
- The market gapped lower on Monday and continued to trade sideways to down until Thursday. Friday traded higher creating a long tail below the candlestick.<\/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 parabolic wedge (Feb 28, Mar 7, and Mar 13).<\/li>\n\n\n\n
- They want a retest of the all-time high (Dec 6) and a continuation of the trend.<\/li>\n\n\n\n
- At the very least, they hope to get a retest of the middle of the previous trading range (around the 20-week EMA).<\/li>\n\n\n\n
- They want the September or August lows to act as support.<\/li>\n\n\n\n
- The bulls need to create consecutive bull bars closing near their highs to show they are back in control.<\/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
- The move down is in a 4-bar bear microchannel which means strong bears. The last time the market formed 4 consecutive bear bars was in September 2023.<\/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. The market was about 100 points shy of the measured move this week.<\/li>\n\n\n\n
- If the market trades higher, they want the January 13 low, the bear trend line or the 20-week EMA to act as resistance to act as resistance. They want a lower high major trend reversal.<\/li>\n\n\n\n
- The move down is strong enough for traders to expect at least a small second leg sideways to down to retest the current leg extreme low (now Mar 13).<\/li>\n\n\n\n
- Since this week\u2019s candlestick is a bear bar closing in its upper half with a long tail below, it is a weak sell signal bar for next week. It can be a buy signal bar.<\/li>\n\n\n\n
- The market is likely now Always In Short.<\/li>\n\n\n\n
- Because of the climactic selloff, the market could form a minor pullback within the next few weeks (a pullback could last 1-3 weeks).<\/li>\n\n\n\n
- If a pullback begins but is weak (overlapping sideways, bear bars, doji(s), candlesticks with long tails above), the odds of another leg down will increase.<\/li>\n\n\n\n
- Traders will see if the bulls can create a strong entry bar closing near its high. If the market trades higher, 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\n\n\n
- Or will the market form a retest of the March 13 low and test the measured move 5400 area or lower instead?<\/li>\n\n\n\n
- Odds favor at least a small second leg sideways to down after a pullback.<\/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-Always-In-Short-Parabolic-Wedge-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The market gapped down on Monday and traded sideways to down until Thursday. Friday gapped higher and closed as a bull bar near its high.<\/li>\n\n\n\n
- Last week<\/a>, we said the market may form a minor pullback because of the parabolic wedge and climactic selloff. If the pullback is weak and lacks strong follow-through buying, the odds of another sideways to down leg will increase.<\/li>\n\n\n\n
- The market continued to trade lower without a significant pullback. The move down is in the form of a tight bear channel.<\/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 parabolic wedge (Feb 28, Mar 4, and Mar 13) followed by a retest of the all-time high.<\/li>\n\n\n\n
- At the least, they want a pullback testing the 20-day EMA or the January 13 low. They want a TBTL (Ten Bars, Two Legs) pullback.<\/li>\n\n\n\n
- They hope the September or August low 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 want a measured move (based on the height of the 23-week trading range) which will take them to around 5400. This week\u2019s low was about 100 points shy of the measured move.<\/li>\n\n\n\n
- The move down is in a tight bear channel which means strong bears. The selling pressure in the move down is stronger (consecutive bear bars) than the weaker buying pressure (bull bars with no follow-through buying).<\/li>\n\n\n\n
- They see the recent sideways trading forming a small double top bear flag (Mar 12 and Mar 14).<\/li>\n\n\n\n
- If the market trades higher, they want the January 13 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 (Mar 13).<\/li>\n\n\n\n
- So far, the bears got a 10% correction from the all-time high.<\/li>\n\n\n\n
- Because of the parabolic wedge (Feb 28, Mar 4, and Mar 13) and climactic selloff, the market may form a minor pullback (bounce) within a few weeks.<\/li>\n\n\n\n
- The bulls need to do more to increase the odds of a two-legged pullback (TBTL) by creating strong bull bars with follow-through buying.<\/li>\n\n\n\n
- If a pullback forms, traders will see the strength of the move. If it is weak and lacks strong follow-through buying, stalling around the January 13 low, bear trend line or the 20-day EMA, the odds of another sideways to down leg will increase.<\/li>\n\n\n\n
- For now, the market likely has flipped into Always In Short.<\/li>\n\n\n\n
- Odds favor at least a small second leg sideways to down to retest the current leg extreme low (now Mar 13) after a pullback.<\/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-Weekly-Parabolic-Wedge-Always-In-Short.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 in its upper half with a long tail below.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would see if the bears could create follow-through selling below the January 13 low. If there is a pullback (bounce), traders would see the follow-through buying. If it lacks strong follow-through buying, the odds of another sideways to down leg will increase.<\/li>\n\n\n\n
- The market gapped lower on Monday and continued to trade sideways to down until Thursday. Friday traded higher creating a long tail below the candlestick.<\/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 parabolic wedge (Feb 28, Mar 7, and Mar 13).<\/li>\n\n\n\n
- They want a retest of the all-time high (Dec 6) and a continuation of the trend.<\/li>\n\n\n\n
- At the very least, they hope to get a retest of the middle of the previous trading range (around the 20-week EMA).<\/li>\n\n\n\n
- They want the September or August lows to act as support.<\/li>\n\n\n\n
- The bulls need to create consecutive bull bars closing near their highs to show they are back in control.<\/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
- The move down is in a 4-bar bear microchannel which means strong bears. The last time the market formed 4 consecutive bear bars was in September 2023.<\/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. The market was about 100 points shy of the measured move this week.<\/li>\n\n\n\n
- If the market trades higher, they want the January 13 low, the bear trend line or the 20-week EMA to act as resistance to act as resistance. They want a lower high major trend reversal.<\/li>\n\n\n\n
- The move down is strong enough for traders to expect at least a small second leg sideways to down to retest the current leg extreme low (now Mar 13).<\/li>\n\n\n\n
- Since this week\u2019s candlestick is a bear bar closing in its upper half with a long tail below, it is a weak sell signal bar for next week. It can be a buy signal bar.<\/li>\n\n\n\n
- The market is likely now Always In Short.<\/li>\n\n\n\n
- Because of the climactic selloff, the market could form a minor pullback within the next few weeks (a pullback could last 1-3 weeks).<\/li>\n\n\n\n
- If a pullback begins but is weak (overlapping sideways, bear bars, doji(s), candlesticks with long tails above), the odds of another leg down will increase.<\/li>\n\n\n\n
- Traders will see if the bulls can create a strong entry bar closing near its high. If the market trades higher, 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\n\n\n
- Or will the market form a retest of the March 13 low and test the measured move 5400 area or lower instead?<\/li>\n\n\n\n
- Odds favor at least a small second leg sideways to down after a pullback.<\/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 gapped down on Monday and traded sideways to down until Thursday. Friday gapped higher and closed as a bull bar near its high.<\/li>\n\n\n\n
- Last week<\/a>, we said the market may form a minor pullback because of the parabolic wedge and climactic selloff. If the pullback is weak and lacks strong follow-through buying, the odds of another sideways to down leg will increase.<\/li>\n\n\n\n
- The market continued to trade lower without a significant pullback. The move down is in the form of a tight bear channel.<\/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 parabolic wedge (Feb 28, Mar 4, and Mar 13) followed by a retest of the all-time high.<\/li>\n\n\n\n
- At the least, they want a pullback testing the 20-day EMA or the January 13 low. They want a TBTL (Ten Bars, Two Legs) pullback.<\/li>\n\n\n\n
- They hope the September or August low 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 want a measured move (based on the height of the 23-week trading range) which will take them to around 5400. This week\u2019s low was about 100 points shy of the measured move.<\/li>\n\n\n\n
- The move down is in a tight bear channel which means strong bears. The selling pressure in the move down is stronger (consecutive bear bars) than the weaker buying pressure (bull bars with no follow-through buying).<\/li>\n\n\n\n
- They see the recent sideways trading forming a small double top bear flag (Mar 12 and Mar 14).<\/li>\n\n\n\n
- If the market trades higher, they want the January 13 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 (Mar 13).<\/li>\n\n\n\n
- So far, the bears got a 10% correction from the all-time high.<\/li>\n\n\n\n
- Because of the parabolic wedge (Feb 28, Mar 4, and Mar 13) and climactic selloff, the market may form a minor pullback (bounce) within a few weeks.<\/li>\n\n\n\n
- The bulls need to do more to increase the odds of a two-legged pullback (TBTL) by creating strong bull bars with follow-through buying.<\/li>\n\n\n\n
- If a pullback forms, traders will see the strength of the move. If it is weak and lacks strong follow-through buying, stalling around the January 13 low, bear trend line or the 20-day EMA, the odds of another sideways to down leg will increase.<\/li>\n\n\n\n
- For now, the market likely has flipped into Always In Short.<\/li>\n\n\n\n
- Odds favor at least a small second leg sideways to down to retest the current leg extreme low (now Mar 13) after a pullback.<\/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 traders would see if the bears could create follow-through selling below the January 13 low. If there is a pullback (bounce), traders would see the follow-through buying. If it lacks strong follow-through buying, the odds of another sideways to down leg will increase.<\/li>\n\n\n\n