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\/03\/E-mini-Weekly-Larger-Trading-Range-Test-November-Low-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This week\u2019s Emini candlestick was a bear bar closing near its low with a long tail above.<\/li>\n\n\n\n
- Last week<\/a>, we said traders were watching whether bears could generate follow-through selling. If the market traded higher, traders would watch whether it stalled around the 20-week EMA or the February 25 high area and formed another lower high relative to the January 28 all-time high.<\/li>\n\n\n\n
- The market opened lower and reversed to test the 20-week EMA early in the week, followed by sideways to down trading, closing near the week\u2019s low.<\/li>\n\n\n\n
- Bears want a reversal from a wedge top (December 11, December 26, January 12) and a lower high major trend reversal (February 25).<\/li>\n\n\n\n
- Bears want a strong breakout below the tight trading range and the November low, followed by a measured move toward 6,500 based on the height of the 13-week trading range.<\/li>\n\n\n\n
- They need strong follow-through selling breaking decisively below the November low to shift the market to Always In Short.<\/li>\n\n\n\n
- If the market trades higher, bears want the 20-week EMA to act as resistance, forming a lower high.<\/li>\n\n\n\n
- Bulls see the current move as forming a large double bottom bull flag (November 21 and March 13).<\/li>\n\n\n\n
- They see the current move as a sell vacuum test of the November low within the larger trading range.<\/li>\n\n\n\n
- Bulls want the November 21 low to act as support. If the market breaks below the November low, they want the move to be brief and lack follow-through selling, resulting in a failed breakout.<\/li>\n\n\n\n
- Bulls need consecutive strong bull bars to show they have regained control.<\/li>\n\n\n\n
- So far, the market has broken below the 13-week tight trading range and the 20-week EMA with some follow-through selling.<\/li>\n\n\n\n
- The last two candlesticks overlap their prior bars by about 50%, indicating the move is moderate in strength but not yet decisively strong.<\/li>\n\n\n\n
- Traders are watching whether bears can generate a strong breakout below the November low with sustained follow-through selling next week.<\/li>\n\n\n\n
- Or whether the market finds support around the November low area, followed by a pullback to retest the middle of the trading range around the 20-week EMA in the weeks ahead.<\/li>\n\n\n\n
- Traders are watching whether the market is in a multi-month distribution phase or forming a large bull flag ahead of another leg up.<\/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\/03\/E-mini-Daily-Larger-Trading-Range-Overlapping-Range-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The market opened lower around the 200-day EMA and reversed higher early in the week, but the move lacked follow-through buying. The market then traded sideways to down to retest Monday\u2019s low.<\/li>\n\n\n\n
- Last week<\/a>, we said traders were watching whether bears could generate further follow-through selling, or whether bulls could produce consecutive strong bull bars back into the tight trading range.<\/li>\n\n\n\n
- The market traded lower this week, but like the prior week, the candlesticks have overlapping ranges, indicating the breakout below the 13-week tight trading range is moderate in strength and not yet decisively strong.<\/li>\n\n\n\n
- Bulls see the current move as a bear leg testing the larger trading range low (November 21).<\/li>\n\n\n\n
- They want a reversal from a large double bottom bull flag (November 21 and March 13), a wedge pattern (March 3, March 9, and March 13), and a trend channel line overshoot.<\/li>\n\n\n\n
- Bulls want the November 21 low or the 200-day EMA to act as support.<\/li>\n\n\n\n
- If the market trades lower, they want the move to be brief and lack follow-through selling, resulting in a failed breakout below the November low.<\/li>\n\n\n\n
- Bulls need consecutive strong bull bars to show they have regained control.<\/li>\n\n\n\n
- Bears want a strong breakout below the November low, followed by a measured move toward 6,500 based on the height of the 13-week trading range.<\/li>\n\n\n\n
- They want the 20-day EMA to act as resistance, which appears to be the case so far.<\/li>\n\n\n\n
- If the market trades higher, bears want the March 10 high to act as resistance, forming a lower high and a double top bear flag.<\/li>\n\n\n\n
- Bears need consecutive strong bear bars breaking far below the November 21 low and the 200-day EMA to increase the odds of a measured move down and flip the market into Always In Short.<\/li>\n\n\n\n
- The market broke below the 13-week tight trading range, but the lack of consecutive strong bear bars indicates bears are not yet decisively strong.<\/li>\n\n\n\n
- The last few weeks have traded lower but with overlapping ranges, forming trending trading ranges.<\/li>\n\n\n\n
- Traders are watching whether bears can generate a strong breakout below the November low and the 200-day EMA with sustained follow-through selling.<\/li>\n\n\n\n
- Or whether the market stalls around the November low and the 200-day EMA area instead.<\/li>\n\n\n\n
- If the market trades higher but continues forming slightly lower highs\u2014with prominent bear bars, weak bull bars, and tails above\u2014stalling around the 20-day EMA, the odds of a downside breakout increase.<\/li>\n\n\n\n
- Traders are watching whether the market is in a multi-month distribution phase or forming a large bull flag ahead of another leg up.<\/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\/03\/E-mini-Weekly-Larger-Trading-Range-Test-November-Low.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- This week\u2019s Emini candlestick was a bear bar closing near its low with a long tail above.<\/li>\n\n\n\n
- Last week<\/a>, we said traders were watching whether bears could generate follow-through selling. If the market traded higher, traders would watch whether it stalled around the 20-week EMA or the February 25 high area and formed another lower high relative to the January 28 all-time high.<\/li>\n\n\n\n
- The market opened lower and reversed to test the 20-week EMA early in the week, followed by sideways to down trading, closing near the week\u2019s low.<\/li>\n\n\n\n
- Bears want a reversal from a wedge top (December 11, December 26, January 12) and a lower high major trend reversal (February 25).<\/li>\n\n\n\n
- Bears want a strong breakout below the tight trading range and the November low, followed by a measured move toward 6,500 based on the height of the 13-week trading range.<\/li>\n\n\n\n
- They need strong follow-through selling breaking decisively below the November low to shift the market to Always In Short.<\/li>\n\n\n\n
- If the market trades higher, bears want the 20-week EMA to act as resistance, forming a lower high.<\/li>\n\n\n\n
- Bulls see the current move as forming a large double bottom bull flag (November 21 and March 13).<\/li>\n\n\n\n
- They see the current move as a sell vacuum test of the November low within the larger trading range.<\/li>\n\n\n\n
- Bulls want the November 21 low to act as support. If the market breaks below the November low, they want the move to be brief and lack follow-through selling, resulting in a failed breakout.<\/li>\n\n\n\n
- Bulls need consecutive strong bull bars to show they have regained control.<\/li>\n\n\n\n
- So far, the market has broken below the 13-week tight trading range and the 20-week EMA with some follow-through selling.<\/li>\n\n\n\n
- The last two candlesticks overlap their prior bars by about 50%, indicating the move is moderate in strength but not yet decisively strong.<\/li>\n\n\n\n
- Traders are watching whether bears can generate a strong breakout below the November low with sustained follow-through selling next week.<\/li>\n\n\n\n
- Or whether the market finds support around the November low area, followed by a pullback to retest the middle of the trading range around the 20-week EMA in the weeks ahead.<\/li>\n\n\n\n
- Traders are watching whether the market is in a multi-month distribution phase or forming a large bull flag ahead of another leg up.<\/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 opened lower around the 200-day EMA and reversed higher early in the week, but the move lacked follow-through buying. The market then traded sideways to down to retest Monday\u2019s low.<\/li>\n\n\n\n
- Last week<\/a>, we said traders were watching whether bears could generate further follow-through selling, or whether bulls could produce consecutive strong bull bars back into the tight trading range.<\/li>\n\n\n\n
- The market traded lower this week, but like the prior week, the candlesticks have overlapping ranges, indicating the breakout below the 13-week tight trading range is moderate in strength and not yet decisively strong.<\/li>\n\n\n\n
- Bulls see the current move as a bear leg testing the larger trading range low (November 21).<\/li>\n\n\n\n
- They want a reversal from a large double bottom bull flag (November 21 and March 13), a wedge pattern (March 3, March 9, and March 13), and a trend channel line overshoot.<\/li>\n\n\n\n
- Bulls want the November 21 low or the 200-day EMA to act as support.<\/li>\n\n\n\n
- If the market trades lower, they want the move to be brief and lack follow-through selling, resulting in a failed breakout below the November low.<\/li>\n\n\n\n
- Bulls need consecutive strong bull bars to show they have regained control.<\/li>\n\n\n\n
- Bears want a strong breakout below the November low, followed by a measured move toward 6,500 based on the height of the 13-week trading range.<\/li>\n\n\n\n
- They want the 20-day EMA to act as resistance, which appears to be the case so far.<\/li>\n\n\n\n
- If the market trades higher, bears want the March 10 high to act as resistance, forming a lower high and a double top bear flag.<\/li>\n\n\n\n
- Bears need consecutive strong bear bars breaking far below the November 21 low and the 200-day EMA to increase the odds of a measured move down and flip the market into Always In Short.<\/li>\n\n\n\n
- The market broke below the 13-week tight trading range, but the lack of consecutive strong bear bars indicates bears are not yet decisively strong.<\/li>\n\n\n\n
- The last few weeks have traded lower but with overlapping ranges, forming trending trading ranges.<\/li>\n\n\n\n
- Traders are watching whether bears can generate a strong breakout below the November low and the 200-day EMA with sustained follow-through selling.<\/li>\n\n\n\n
- Or whether the market stalls around the November low and the 200-day EMA area instead.<\/li>\n\n\n\n
- If the market trades higher but continues forming slightly lower highs\u2014with prominent bear bars, weak bull bars, and tails above\u2014stalling around the 20-day EMA, the odds of a downside breakout increase.<\/li>\n\n\n\n
- Traders are watching whether the market is in a multi-month distribution phase or forming a large bull flag ahead of another leg up.<\/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