The Weekly<\/em> S&P 500 Emini chart<\/h3>\n\n\n\n![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/10\/Emini-Weekly-Stall-around-BO-Point-and-Bull-Trend-Line-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n\n- This week\u2019s Emini candlestick <\/a>was a bull reversal bar closing in the upper half with a long tail below.<\/li>\n\n\n\n
- Last week<\/a>, we said that while the Emini could still trade a little lower, odds slightly favor the market to still be Always In Long.<\/li>\n\n\n\n
- This week traded below last week\u2019s low but reversed into a bull reversal bar.<\/li>\n\n\n\n
- Previously, the bulls got a strong trend up (from March) in a tight bull channel. <\/li>\n\n\n\n
- The bulls want the Emini to reverse back above the 20-week exponential moving average.<\/li>\n\n\n\n
- They hope to get a retest of the July 27 high from a double-bottom bull flag (Aug 18 and Oct 3).<\/li>\n\n\n\n
- They see the current move down simply as a 50% pullback (of the move which started in March) within a broad bull channel.<\/li>\n\n\n\n
- Next week, the bulls will need to create follow-through buying to increase the odds of a retest of July 27 high.<\/li>\n\n\n\n
- The bears got a two-legged pullback testing the breakout point (Feb 2) and the bull trend line.<\/li>\n\n\n\n
- They want a strong breakout below the bull trend line with follow-through selling.<\/li>\n\n\n\n
- If there is a pullback (bounce), they want another leg down to complete the wedge pattern with the first 2 legs being August 18 and October 3.<\/li>\n\n\n\n
- Since this week was a bull bar closing near its high with a long tail below, it is a buy signal bar for next week.<\/li>\n\n\n\n
- Odds slightly favor the market to trade at least a little higher.<\/li>\n\n\n\n
- Traders will see if the bulls can get a strong follow-through bull bar or will next week trade slightly higher, but close with a long tail above or a bear bar.<\/li>\n\n\n\n
- For now, odds slightly favor the market to still be Always In Long (bull trend remains intact; higher highs, higher lows).<\/li>\n\n\n\n
- The pullback has also fulfilled the minimum requirement of TBTL (Ten Bars, Two Legs).<\/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\/2023\/10\/Emini-Daily-DB-Bull-Flag-Micro-DB-Failed-Final-Flag-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n\n- The market traded slightly lower early in the week followed by a sideways trading range forming an ii (inside inside pattern on Wednesday and Thursday. Friday broke below the ii pattern but reversed to break above it, closing as a big outside bull bar.<\/li>\n\n\n\n
- Previously, we said that the market may still be in the sideways-to-down pullback phase. Traders will see if the bears can create follow-through selling or will the market trade slightly lower but find buyers around the February 2 high area.<\/li>\n\n\n\n
- So far, the market is stalling around the February 2 high area.<\/li>\n\n\n\n
- The bears got a second leg sideways to down from a lower high major trend reversal and a double top bear flag (Sept 1 and Sept 14). <\/li>\n\n\n\n
- They got a 50% pullback of the move which started in March, testing the February 2 high which was the breakout point of the rally.<\/li>\n\n\n\n
- If the market trades higher from here, they want another leg down completing the wedge pattern with the first two legs being August 18 and October 3.<\/li>\n\n\n\n
- The bulls want a reversal up from a double bottom bull flag (Aug 18 and Oct 3), a micro double bottom (Oct 3 and Oct 6) and a failed final flag (Oct 6) followed by a retest of the July 27 high and a strong breakout above.<\/li>\n\n\n\n
- They see the current move simply as a 50% pullback and a test of the breakout point (Feb 2) of the rally.<\/li>\n\n\n\n
- The next targets for the bulls are the bear trend line and the September high.<\/li>\n\n\n\n
- Since Friday was a big outside bull bar closing in its upper half, it is a buy signal bar for Monday.<\/li>\n\n\n\n
- Odds slightly favor the Emini to trade at least a little higher.<\/li>\n\n\n\n
- Traders will see if the bulls can create consecutive bull bars closing near their highs. If they get that, the odds of a retest of the September high increase. <\/li>\n\n\n\n
- Or will the market trade slightly higher but is weak and sideways (overlapping bars, doji(s), bear bars)? If it is weak, the odds of a retest of the current leg low (Oct 3) increase.<\/li>\n\n\n\n
- For now, while the market may still trade sideways to down for a few more weeks, the bull trend remains intact.<\/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\/2023\/10\/Emini-Weekly-Stall-around-BO-Point-and-Bull-Trend-Line.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n- \n
- This week\u2019s Emini candlestick <\/a>was a bull reversal bar closing in the upper half with a long tail below.<\/li>\n\n\n\n
- Last week<\/a>, we said that while the Emini could still trade a little lower, odds slightly favor the market to still be Always In Long.<\/li>\n\n\n\n
- This week traded below last week\u2019s low but reversed into a bull reversal bar.<\/li>\n\n\n\n
- Previously, the bulls got a strong trend up (from March) in a tight bull channel. <\/li>\n\n\n\n
- The bulls want the Emini to reverse back above the 20-week exponential moving average.<\/li>\n\n\n\n
- They hope to get a retest of the July 27 high from a double-bottom bull flag (Aug 18 and Oct 3).<\/li>\n\n\n\n
- They see the current move down simply as a 50% pullback (of the move which started in March) within a broad bull channel.<\/li>\n\n\n\n
- Next week, the bulls will need to create follow-through buying to increase the odds of a retest of July 27 high.<\/li>\n\n\n\n
- The bears got a two-legged pullback testing the breakout point (Feb 2) and the bull trend line.<\/li>\n\n\n\n
- They want a strong breakout below the bull trend line with follow-through selling.<\/li>\n\n\n\n
- If there is a pullback (bounce), they want another leg down to complete the wedge pattern with the first 2 legs being August 18 and October 3.<\/li>\n\n\n\n
- Since this week was a bull bar closing near its high with a long tail below, it is a buy signal bar for next week.<\/li>\n\n\n\n
- Odds slightly favor the market to trade at least a little higher.<\/li>\n\n\n\n
- Traders will see if the bulls can get a strong follow-through bull bar or will next week trade slightly higher, but close with a long tail above or a bear bar.<\/li>\n\n\n\n
- For now, odds slightly favor the market to still be Always In Long (bull trend remains intact; higher highs, higher lows).<\/li>\n\n\n\n
- The pullback has also fulfilled the minimum requirement of TBTL (Ten Bars, Two Legs).<\/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- \n
- The market traded slightly lower early in the week followed by a sideways trading range forming an ii (inside inside pattern on Wednesday and Thursday. Friday broke below the ii pattern but reversed to break above it, closing as a big outside bull bar.<\/li>\n\n\n\n
- Previously, we said that the market may still be in the sideways-to-down pullback phase. Traders will see if the bears can create follow-through selling or will the market trade slightly lower but find buyers around the February 2 high area.<\/li>\n\n\n\n
- So far, the market is stalling around the February 2 high area.<\/li>\n\n\n\n
- The bears got a second leg sideways to down from a lower high major trend reversal and a double top bear flag (Sept 1 and Sept 14). <\/li>\n\n\n\n
- They got a 50% pullback of the move which started in March, testing the February 2 high which was the breakout point of the rally.<\/li>\n\n\n\n
- If the market trades higher from here, they want another leg down completing the wedge pattern with the first two legs being August 18 and October 3.<\/li>\n\n\n\n
- The bulls want a reversal up from a double bottom bull flag (Aug 18 and Oct 3), a micro double bottom (Oct 3 and Oct 6) and a failed final flag (Oct 6) followed by a retest of the July 27 high and a strong breakout above.<\/li>\n\n\n\n
- They see the current move simply as a 50% pullback and a test of the breakout point (Feb 2) of the rally.<\/li>\n\n\n\n
- The next targets for the bulls are the bear trend line and the September high.<\/li>\n\n\n\n
- Since Friday was a big outside bull bar closing in its upper half, it is a buy signal bar for Monday.<\/li>\n\n\n\n
- Odds slightly favor the Emini to trade at least a little higher.<\/li>\n\n\n\n
- Traders will see if the bulls can create consecutive bull bars closing near their highs. If they get that, the odds of a retest of the September high increase. <\/li>\n\n\n\n
- Or will the market trade slightly higher but is weak and sideways (overlapping bars, doji(s), bear bars)? If it is weak, the odds of a retest of the current leg low (Oct 3) increase.<\/li>\n\n\n\n
- For now, while the market may still trade sideways to down for a few more weeks, the bull trend remains intact.<\/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 while the Emini could still trade a little lower, odds slightly favor the market to still be Always In Long.<\/li>\n\n\n\n