S&P500 E-mini futures<\/h2>\n\n\n\nThe Weekly<\/em> S&P 500 E-mini chart<\/h3>\n\n\n\n![\"E-mini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/E-mini-Weekly-Tight-Trading-Range-BO-Mode-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This week\u2019s E-mini candlestick was an inside bear bar closing in its lower half, testing the 20-week EMA.<\/li>\n\n\n\n
- Last week<\/a>, we said the market could continue trading sideways in the near term.<\/li>\n\n\n\n
- So far, the market remains within an 11-week tight trading range.<\/li>\n\n\n\n
- Bears see a wedge top (December 11, December 26, and January 12), a double top (October 29 and January 28), and a smaller double top (January 12 and January 28).<\/li>\n\n\n\n
- Bears want the October 29 high area to act as resistance.<\/li>\n\n\n\n
- They want a strong breakout below the February 5 low and the 20-week EMA, followed by sustained follow-through selling and a measured move toward 6,500, based on the height of the 11-week trading range.<\/li>\n\n\n\n
- Bears need consecutive strong bear bars closing far below the 20-week EMA to flip the market to Always In Short.<\/li>\n\n\n\n
- If the market trades higher, they want weak follow-through buying to increase the odds of a failed breakout.<\/li>\n\n\n\n
- Bulls see a large double bottom bull flag (December 17 and February 5).<\/li>\n\n\n\n
- Bulls also see a High 4 buy setup.<\/li>\n\n\n\n
- They need a strong breakout with sustained follow-through above the January 28 high to increase the odds of trend resumption, with a measured move target near 7,300 based on the height of the 11-week trading range.<\/li>\n\n\n\n
- Bulls want the 20-week EMA to hold as support. If the market trades lower, they want the November 21 low to act as support.<\/li>\n\n\n\n
- The market has been in a tight range for 11 weeks, indicating balance between bulls and bears as the bears\u2019 strength has caught up with the prior bull trend.<\/li>\n\n\n\n
- Bulls failed to trade above the high of prior bars in the last two weeks and have seen trending lower closes within the range.<\/li>\n\n\n\n
- Traders may continue to Buy Low, Sell High (BLSH) within the range until there is a decisive breakout with sustained follow-through.<\/li>\n\n\n\n
- Traders will watch whether bears can drive a strong breakout below the 11-week trading range with follow-through selling, or whether bulls can retest and break out to a new all-time high. If the market makes a new all-time high but lacks sustained follow-through buying, the odds of a failed breakout increase.<\/li>\n\n\n\n
- Or will the market simply continue trading sideways around the October high area?<\/li>\n\n\n\n
- Traders will likely wait for a strong breakout with sustained follow-through, either above the all-time high or below the 20-week EMA, before trading aggressively.<\/li>\n\n\n\n
- The longer the market stalls around the October 29 high area without a strong breakout above, the higher the odds of a deeper pullback.<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> S&P 500 E-mini chart<\/h3>\n\n\n\n![\"E-mini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/E-mini-Daily-TR-Expanding-Triangle-More-Bear-Bars-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The market traded slightly higher early in the week. Tuesday and Wednesday gapped up but both reversed to close as bear bars. Thursday formed a large bear bar testing the 100-day EMA, followed by a doji on Friday.<\/li>\n\n\n\n
- Last week<\/a>, we said traders were watching whether the market would stall around the 20-day EMA and form a second leg sideways to down, or whether bulls could generate follow-through buying to new all-time highs.<\/li>\n\n\n\n
- So far, the market is stalling near the all-time high area and the 20-day EMA.<\/li>\n\n\n\n
- Bulls see a large double bottom bull flag (December 17 and February 5), a wedge bull flag (January 2, January 20, and February 5), and a small double bottom (February 5 and February 13).<\/li>\n\n\n\n
- Bulls want a strong breakout above the January 28 high with sustained follow-through buying and a measured move target near 7,300, based on the height of the 11-week trading range.<\/li>\n\n\n\n
- If the market trades lower, bulls want the November 21 low or the 200-day EMA to act as support.<\/li>\n\n\n\n
- Bulls need consecutive strong bull bars to increase the odds of a successful breakout and trend resumption.<\/li>\n\n\n\n
- Bears want the 20-day EMA to act as resistance.<\/li>\n\n\n\n
- They want a strong breakout below the 11-week trading range, followed by a measured move toward 6,500, based on the height of that range.<\/li>\n\n\n\n
- Bears need consecutive strong bear bars breaking below the December 17 low and the 100-day EMA to flip the market to Always In Short.<\/li>\n\n\n\n
- If the market trades higher and makes a new all-time high, bears want weak follow-through buying to increase the odds of a failed breakout.<\/li>\n\n\n\n
- The market remains in a trading range that began in late November. Bulls want a breakout above it; bears want a breakout below.<\/li>\n\n\n\n
- Since late December, the candlesticks have formed an expanding triangle. This can act as either a reversal or continuation pattern, often trapping traders with failed breakouts before reversing.<\/li>\n\n\n\n
- Over the past two weeks, there have been more prominent bear bars than bull bars, indicating increasing selling pressure which are cumulative.<\/li>\n\n\n\n
- Traders are watching whether the market continues to stall around the 20-day EMA and the all-time high area. If it continues making slightly lower highs with more prominent bear bars, the odds of a downside breakout from the trading range increase.<\/li>\n\n\n\n
- Alternatively, if bulls can create a breakout to new all-time highs, traders will watch for strong follow-through \u2014 without it, the odds of a failed breakout increase.<\/li>\n\n\n\n
- Until there is a strong breakout with sustained follow-through in either direction, traders may continue to Buy Low, Sell High (BLSH), buying near the lower third and selling near the upper third of the range.<\/li>\n<\/ul>\n\n\n\n
Trading room<\/h2>\n\n\n\n
Al Brooks and other presenters talk about the detailed E-mini price action real-time each day in the Brooks Trading Course 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
![\"E-mini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/E-mini-Weekly-Tight-Trading-Range-BO-Mode.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- This week\u2019s E-mini candlestick was an inside bear bar closing in its lower half, testing the 20-week EMA.<\/li>\n\n\n\n
- Last week<\/a>, we said the market could continue trading sideways in the near term.<\/li>\n\n\n\n
- So far, the market remains within an 11-week tight trading range.<\/li>\n\n\n\n
- Bears see a wedge top (December 11, December 26, and January 12), a double top (October 29 and January 28), and a smaller double top (January 12 and January 28).<\/li>\n\n\n\n
- Bears want the October 29 high area to act as resistance.<\/li>\n\n\n\n
- They want a strong breakout below the February 5 low and the 20-week EMA, followed by sustained follow-through selling and a measured move toward 6,500, based on the height of the 11-week trading range.<\/li>\n\n\n\n
- Bears need consecutive strong bear bars closing far below the 20-week EMA to flip the market to Always In Short.<\/li>\n\n\n\n
- If the market trades higher, they want weak follow-through buying to increase the odds of a failed breakout.<\/li>\n\n\n\n
- Bulls see a large double bottom bull flag (December 17 and February 5).<\/li>\n\n\n\n
- Bulls also see a High 4 buy setup.<\/li>\n\n\n\n
- They need a strong breakout with sustained follow-through above the January 28 high to increase the odds of trend resumption, with a measured move target near 7,300 based on the height of the 11-week trading range.<\/li>\n\n\n\n
- Bulls want the 20-week EMA to hold as support. If the market trades lower, they want the November 21 low to act as support.<\/li>\n\n\n\n
- The market has been in a tight range for 11 weeks, indicating balance between bulls and bears as the bears\u2019 strength has caught up with the prior bull trend.<\/li>\n\n\n\n
- Bulls failed to trade above the high of prior bars in the last two weeks and have seen trending lower closes within the range.<\/li>\n\n\n\n
- Traders may continue to Buy Low, Sell High (BLSH) within the range until there is a decisive breakout with sustained follow-through.<\/li>\n\n\n\n
- Traders will watch whether bears can drive a strong breakout below the 11-week trading range with follow-through selling, or whether bulls can retest and break out to a new all-time high. If the market makes a new all-time high but lacks sustained follow-through buying, the odds of a failed breakout increase.<\/li>\n\n\n\n
- Or will the market simply continue trading sideways around the October high area?<\/li>\n\n\n\n
- Traders will likely wait for a strong breakout with sustained follow-through, either above the all-time high or below the 20-week EMA, before trading aggressively.<\/li>\n\n\n\n
- The longer the market stalls around the October 29 high area without a strong breakout above, the higher the odds of a deeper pullback.<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> S&P 500 E-mini chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n- \n
- The market traded slightly higher early in the week. Tuesday and Wednesday gapped up but both reversed to close as bear bars. Thursday formed a large bear bar testing the 100-day EMA, followed by a doji on Friday.<\/li>\n\n\n\n
- Last week<\/a>, we said traders were watching whether the market would stall around the 20-day EMA and form a second leg sideways to down, or whether bulls could generate follow-through buying to new all-time highs.<\/li>\n\n\n\n
- So far, the market is stalling near the all-time high area and the 20-day EMA.<\/li>\n\n\n\n
- Bulls see a large double bottom bull flag (December 17 and February 5), a wedge bull flag (January 2, January 20, and February 5), and a small double bottom (February 5 and February 13).<\/li>\n\n\n\n
- Bulls want a strong breakout above the January 28 high with sustained follow-through buying and a measured move target near 7,300, based on the height of the 11-week trading range.<\/li>\n\n\n\n
- If the market trades lower, bulls want the November 21 low or the 200-day EMA to act as support.<\/li>\n\n\n\n
- Bulls need consecutive strong bull bars to increase the odds of a successful breakout and trend resumption.<\/li>\n\n\n\n
- Bears want the 20-day EMA to act as resistance.<\/li>\n\n\n\n
- They want a strong breakout below the 11-week trading range, followed by a measured move toward 6,500, based on the height of that range.<\/li>\n\n\n\n
- Bears need consecutive strong bear bars breaking below the December 17 low and the 100-day EMA to flip the market to Always In Short.<\/li>\n\n\n\n
- If the market trades higher and makes a new all-time high, bears want weak follow-through buying to increase the odds of a failed breakout.<\/li>\n\n\n\n
- The market remains in a trading range that began in late November. Bulls want a breakout above it; bears want a breakout below.<\/li>\n\n\n\n
- Since late December, the candlesticks have formed an expanding triangle. This can act as either a reversal or continuation pattern, often trapping traders with failed breakouts before reversing.<\/li>\n\n\n\n
- Over the past two weeks, there have been more prominent bear bars than bull bars, indicating increasing selling pressure which are cumulative.<\/li>\n\n\n\n
- Traders are watching whether the market continues to stall around the 20-day EMA and the all-time high area. If it continues making slightly lower highs with more prominent bear bars, the odds of a downside breakout from the trading range increase.<\/li>\n\n\n\n
- Alternatively, if bulls can create a breakout to new all-time highs, traders will watch for strong follow-through \u2014 without it, the odds of a failed breakout increase.<\/li>\n\n\n\n
- Until there is a strong breakout with sustained follow-through in either direction, traders may continue to Buy Low, Sell High (BLSH), buying near the lower third and selling near the upper third of the range.<\/li>\n<\/ul>\n\n\n\n
Trading room<\/h2>\n\n\n\n
Al Brooks and other presenters talk about the detailed E-mini price action real-time each day in the Brooks Trading Course 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