{"id":273277,"date":"2026-07-16T11:13:56","date_gmt":"2026-07-16T18:13:56","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=273277"},"modified":"2026-07-16T11:47:36","modified_gmt":"2026-07-16T18:47:36","slug":"e-mini-bears-want-strong-reversal-bar","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/e-mini-bears-want-strong-reversal-bar\/","title":{"rendered":"E-mini Bears Want Strong Reversal Bar"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Trading Update: Thursday July 16, 2026<\/h3>\n\n\n\n<h2 class=\"wp-block-heading\">S&amp;P E-mini market analysis<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">E-mini daily chart<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The daily chart of the E-mini continues to go sideways.<\/li>\n\n\n\n<li>The bears are trying to get a bear reversal bar closing on its low after several attempts to break above the June 16th high.<\/li>\n\n\n\n<li>They are hopeful that today forms a strong enough reversal bar to increase the odds of a downside breakout and a test of the June 26th high or low.<\/li>\n\n\n\n<li>While that is possible because the channel up is tight and the June 16th high is a logical magnet, it increases the odds that whatever sell signal we get below today&#8217;s low is likely to fail and lead to some kind of reversal up.<\/li>\n\n\n\n<li>The market will probably have to test the June 2nd all-time high and break above the 7700 round number.<\/li>\n\n\n\n<li>The bulls are hopeful that today forms an intraday reversal, preventing today&#8217;s bar from becoming a bear bar closing on its low.<\/li>\n\n\n\n<li>The bears want the opposite.<\/li>\n\n\n\n<li>They are hopeful that today forms a strong enough bear bar closing on its low to make traders think about selling, but because of the tight trading range over the past several days, the downside is probably limited.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">E-mini 5-minute chart and what to expect today<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The E-mini gapped down on the open and sold off for the first four bars today.<\/li>\n\n\n\n<li>The sell-off was good for the bears, but because of the overlapping bars and the test of the previous day&#8217;s low, the odds increased that the market would find buyers around the bar 4 low.<\/li>\n\n\n\n<li>Most days get an opening reversal, so traders would assume that bears who sold the sell-off down to the bar 4 low were likely trapped.<\/li>\n\n\n\n<li>The odds, therefore, favored the market finding buyers on the first reversal down, which it did below bar 9.<\/li>\n\n\n\n<li>The market rallied, forming a parabolic wedge up to bar 16, where bulls began to sell out of their longs.<\/li>\n\n\n\n<li>It was also near the previous day&#8217;s high, so a trading range was more likely than the start of a bull trend.<\/li>\n\n\n\n<li>Bulls would look to exit around the bar 16 low, betting on sideways trading.<\/li>\n\n\n\n<li>The market formed a triangle, which was in breakout mode around bar 30, and the bears got a downside breakout on bar 31, increasing the odds of a second leg down.<\/li>\n\n\n\n<li>The bears ultimately formed a parabolic wedge down to bar 36.<\/li>\n\n\n\n<li>Some of the bears who sold at the close of bar 3 or during bar 4 got trapped if they did not exit their shorts.<\/li>\n\n\n\n<li>Those bears who sold would likely scale in higher near the bar 16 high, so it is reasonable to think they would be interested in buying back their shorts on a pullback.<\/li>\n\n\n\n<li>This made the bar 35 and 36 low price level a logical area to find support.<\/li>\n\n\n\n<li>Even though the sell-off to bar 35 is a parabolic wedge, it was a tight enough bear channel that the first reversal off it was likely to be minor.<\/li>\n\n\n\n<li>This increased the risk that bars 41 and 42 were a bull trap, which ultimately became a second-leg trap, leading to a downside breakout to bar 56.<\/li>\n\n\n\n<li>As of bar 56, the bears have two large legs down:<\/li>\n\n\n\n<li>The first leg went down to the bar 36 low.<\/li>\n\n\n\n<li>The second leg went down to the bar 56 low.<\/li>\n\n\n\n<li>With a decent reversal bar on bar 58, the odds increase that the market is going to get a couple of legs sideways to up.<\/li>\n\n\n\n<li>Overall, the open of the day is near the middle of the day&#8217;s range, which is a logical location for the market to test later today.<\/li>\n\n\n\n<li>The bulls are hopeful that bar 58 is the start of the test back to the open of the day.<\/li>\n\n\n\n<li>Because of what I mentioned on the daily chart, the bulls are hopeful that they can get a close above the midpoint of the day.<\/li>\n\n\n\n<li>That would severely damage the argument for the bears who are hoping today forms a strong bear reversal bar on the daily chart.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Yesterday&#8217;s E-mini setups<\/h3>\n\n\n\n\n\n<p class=\"wp-block-paragraph\"><em>Jed created the SP500 E-mini chart.<\/em><\/p>\n\n\n\n<p class=\"caption wp-block-paragraph\">Here are reasonable stop entry setups from yesterday. Chart shows each buy entry bar with a green arrow and each sell entry bar with a red arrow. Buyers of the Brooks Trading Course have access to a near 4-year library of detailed explanations of swing trade setups (see Online Course\/BTC Daily Setups) linked to the Brooks Encyclopedia of Chart Patterns product.<\/p>\n\n\n\n<p class=\"caption wp-block-paragraph\">The goal with these charts is to present an Always In perspective. If a trader was trying to be Always In or nearly Always In a position all day, and he was not currently in the market, these entries would be logical times for him to enter. These therefore are swing entries.<\/p>\n\n\n\n<p class=\"caption wp-block-paragraph\">It is important to understand that most swing setups do not lead to swing trades. As soon as traders are disappointed, many exit. Those who exit prefer to get out with a small profit (scalp), but often have to exit with a small loss.<\/p>\n\n\n\n<p class=\"caption wp-block-paragraph\">If the risk is too big for your account, you should wait for trades with less risk or trade an alternative market like the Micro E-mini.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Summary of today&#8217;s S&amp;P E-mini price action<\/h2>\n\n\n\n\n\n<p class=\"wp-block-paragraph\"><em>Jed created the SP500 E-mini chart.<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">E-mini end of day video review<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Periodic end of day review videos will be moved to top of page when done.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p class=\"wp-block-paragraph\"><em>See the <a rel=\"noreferrer noopener\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/analysis\/\" target=\"_blank\">weekly update<\/a> for a discussion of the price action on the weekly chart and for what to expect going into next week.<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n\n\n\n<h2 class=\"wp-block-heading\">Trading Room<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Al Brooks and other presenters talk about the detailed E-mini price action real-time each day in the Brooks Trading Course <a href=\"https:\/\/www.brookstradingcourse.com\/online-day-trading-room\/\" target=\"_blank\" rel=\"noreferrer noopener\">trading room<\/a>. We offer a 2 day free trial.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n\n\n\n<h3 class=\"wp-block-heading\">Charts use Pacific Time<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">When times are mentioned, it is USA Pacific Time. The E-mini day session charts begin at 6:30 am PT and end at 1:15 pm PT which is 15 minutes after the NYSE closes. You can read background information on the market reports on the <a href=\"https:\/\/www.brookstradingcourse.com\/blog\/market-update\/\" target=\"_blank\" rel=\"noreferrer noopener\">Market Update<\/a> page.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Trading Update: Thursday July 16, 2026 S&amp;P E-mini market analysis E-mini daily chart E-mini 5-minute chart and what to expect today Yesterday&#8217;s E-mini setups Jed created the SP500 E-mini chart. Here are reasonable stop entry setups from yesterday. Chart shows each buy entry bar with a green arrow and each sell entry bar with a [&hellip;]<\/p>\n","protected":false},"author":5460,"featured_media":273528,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"shadow","_genesis_layout":"","footnotes":""},"categories":[153,136],"tags":[60],"class_list":["post-273277","post","type-post","status-publish","format-standard","has-post-thumbnail","category-market-update","category-analysis","tag-sp-emini","entry","override","shadow"],"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/SP500-E-mini-5-Min-Broad-Bear-Channel-Trend-then-Bull-Reversal-Trading-Range-Day.jpg","author_info":{"display_name":"Brad","author_link":"https:\/\/www.brookstradingcourse.com\/es\/author\/brad-wolff\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/273277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/users\/5460"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/comments?post=273277"}],"version-history":[{"count":2,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/273277\/revisions"}],"predecessor-version":[{"id":273567,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/273277\/revisions\/273567"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/273528"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=273277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=273277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=273277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}