{"id":193933,"date":"2023-11-12T01:30:00","date_gmt":"2023-11-12T09:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=193933"},"modified":"2023-11-11T17:28:18","modified_gmt":"2023-11-12T01:28:18","slug":"emini-follow-through-bull-bar","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/emini-follow-through-bull-bar\/","title":{"rendered":"Emini Follow-through Bull Bar"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: S&amp;P 500 Emini Futures<\/h2>\n\n\n\n<p>The weekly chart formed an Emini follow-through bull bar closing above the 20-week EMA and the October high. The bulls need to continue creating follow-through bull bar trading above the bear trend line to increase the odds of a retest of the July 27 high. The bears want the October high and the bear trend line to act as resistance. They want a reversal down from a double top bear flag.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">S&amp;P500 Emini futures<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Weekly<\/em> S&amp;P 500 Emini chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Weekly-Bulls-Got-FT-above-20-Week-EMA.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Weekly-Bulls-Got-FT-above-20-Week-EMA-680x383.jpg\" alt=\"Emini Weekly: Bulls Got FT above 20-Week EMA, Emini Follow-through Bull Bar\" class=\"wp-image-194047\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Weekly-Bulls-Got-FT-above-20-Week-EMA-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Weekly-Bulls-Got-FT-above-20-Week-EMA-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Weekly-Bulls-Got-FT-above-20-Week-EMA-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Weekly-Bulls-Got-FT-above-20-Week-EMA-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Weekly-Bulls-Got-FT-above-20-Week-EMA.jpg 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a target=\"_blank\" href=\"https:\/\/www.investing.com\/indices\/us-spx-500-futures\" rel=\"noreferrer noopener\">This week\u2019s Emini candlestick&nbsp;<\/a>was a bull bar closing near its high.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/emini-climactic-reversal\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said that odds slightly favor the market to trade at least a little higher and traders will see if the bulls can get a follow-through bull bar closing above the 20-week EMA and the October high.<\/li>\n\n\n\n<li>This week traded higher closing above the 20-week EMA and the October high.&nbsp;<\/li>\n\n\n\n<li>The bulls see the move down (from July 27) as a deep pullback of the whole move up which started in October 2022.<\/li>\n\n\n\n<li>They got a reversal from a wedge bull flag (Aug 18, Oct 3, and Oct 27) and a trend channel line overshoot.&nbsp;<\/li>\n\n\n\n<li>They saw the big bull bar last week as evidence of bears taking profit aggressively, believing that the whole move down was simply a wedge bull flag.<\/li>\n\n\n\n<li>The bulls got a follow-through bull bar this week. If they get a couple of strong consecutive bull bars, the odds of the bull trend resuming will increase.<\/li>\n\n\n\n<li>If the market trades slightly lower, they want a reversal up from a higher low major trend reversal.<\/li>\n\n\n\n<li>Previously, the bears got the third leg down forming the wedge pattern (Aug 18, Oct 3, and Oct 27).&nbsp;<\/li>\n\n\n\n<li>They wanted a strong breakout below the bull trend line, but the market reversed up with strength instead.<\/li>\n\n\n\n<li>The bears see the recent strong rally simply as a deep pullback and hope to get another leg down to retest the October low from a double top bear flag (Oct 17 and Nov 10).<\/li>\n\n\n\n<li>They want the 20-week EMA or the October high to act as resistance.<\/li>\n\n\n\n<li>Since this week\u2019s candlestick is a bull bar closing near its high, it is a buy signal bar for next week.<\/li>\n\n\n\n<li>The market may gap up on Monday. Small gaps usually close early. (Side note: MOODY&#8217;S cut U.S. credit outlook to negative. Will we get a gap down instead?)<\/li>\n\n\n\n<li>Odds continue to slightly favor the market to trade at least a little higher.<\/li>\n\n\n\n<li>Traders will see if the bulls can get another follow-through bull bar, closing above the bear trend line.<\/li>\n\n\n\n<li>If the market trades slightly lower in the coming weeks, odds slightly favor the bulls to get at least a small second leg sideways to up.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Daily<\/em> S&amp;P 500 Emini chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Daily-Bulls-Need-FT-Bears-Want-DT-Bear-Flag.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Daily-Bulls-Need-FT-Bears-Want-DT-Bear-Flag-680x383.jpg\" alt=\"Emini Daily: Bulls Need FT, Bears Want DT Bear Flag\" class=\"wp-image-194050\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Daily-Bulls-Need-FT-Bears-Want-DT-Bear-Flag-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Daily-Bulls-Need-FT-Bears-Want-DT-Bear-Flag-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Daily-Bulls-Need-FT-Bears-Want-DT-Bear-Flag-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Daily-Bulls-Need-FT-Bears-Want-DT-Bear-Flag-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Daily-Bulls-Need-FT-Bears-Want-DT-Bear-Flag.jpg 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Emini traded sideways to up for the week. Thursday was an outside bear bar closing near its low but there was no follow-through selling on Friday, closing as a bull bar above October high.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/emini-wedge\/\" target=\"_blank\" rel=\"noreferrer noopener\">Previously<\/a>, we said that the odds slightly favor the market to trade a little lower. However, a small pullback can begin within 1-3 weeks.<\/li>\n\n\n\n<li>The pullback has started and the move up is strong.<\/li>\n\n\n\n<li>The bulls saw the previous selloff as a deep pullback of the whole rally which started in October 2022.<\/li>\n\n\n\n<li>They want a reversal from a wedge bull flag (Aug 18, Oct 3, and Oct 27) and a trend channel line overshoot. They got what they wanted.<\/li>\n\n\n\n<li>The move-up was in a strong spike with several big gaps that remained open and a 9-bar bull microchannel.<\/li>\n\n\n\n<li>Thursday ended the bull microchannel streak. Odds favor buyers below the first pullback from such a strong bull microchannel.<\/li>\n\n\n\n<li>The bulls need to create follow-through buying above the October high, trading far above the bear trend line to increase the odds of the bull trend resuming.<\/li>\n\n\n\n<li>If the market trades lower, they want the 20-day EMA to act as support and a reversal up from a higher low major trend reversal.<\/li>\n\n\n\n<li>The bears wanted a strong breakout below the bull trend line but did not get sustained follow-through selling.<\/li>\n\n\n\n<li>They hope that the recent rally simply formed a double top bear flag (Oct 17 and Nov 10) and want reversal down to retest the prior leg&#8217;s extreme low (Oct 27).<\/li>\n\n\n\n<li>They want the bear trend line to act as resistance.<\/li>\n\n\n\n<li>Since Friday was a bull bar closing near its high, it is a buy signal bar for Monday.<\/li>\n\n\n\n<li>Traders will see if the bulls can create sustained follow-through buying (preferably early in the week) trading far above the October high and the bear trend line.<\/li>\n\n\n\n<li>Or will the market trade slightly higher but stall around the bear trend line area?<\/li>\n\n\n\n<li>For now, odds slightly favor the market to still be in the sideways to up phase.<\/li>\n\n\n\n<li>If the market trades slightly lower, odds slightly favor the bulls to get at least a small second leg sideways to up.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Trading room<\/h2>\n\n\n\n<p>Al Brooks and other presenters talk about the detailed Emini price action real-time each day in the BrooksPriceAction.com <a rel=\"noreferrer noopener\" class=\"rank-math-link\" href=\"https:\/\/www.brookstradingcourse.com\/online-day-trading-room\/\" target=\"_blank\">trading room<\/a>. We offer a <a rel=\"noreferrer noopener\" href=\"http:\/\/www.brookspriceaction.com\/portal.php?page=11\" target=\"_blank\">2 day free trial<\/a>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n\n\n\n<h3 class=\"wp-block-heading\">Market analysis reports archive<\/h3>\n\n\n\n<p>You can access all weekend reports on the <a rel=\"noreferrer noopener\" class=\"rank-math-link\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/analysis\/\" target=\"_blank\">Market Analysis<\/a> page.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Market Overview: S&amp;P 500 Emini Futures The weekly chart formed an Emini follow-through bull bar closing above the 20-week EMA and the October high. The bulls need to continue creating follow-through bull bar trading above the bear trend line to increase the odds of a retest of the July 27 high. The bears want the [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":194047,"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":[136,1843],"tags":[1883,60],"class_list":{"0":"post-193933","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-analysis","8":"category-sp500-emini","9":"tag-bull-follow-through","10":"tag-sp-emini","11":"entry","12":"override","13":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Weekly-Bulls-Got-FT-above-20-Week-EMA.jpg","author_info":{"display_name":"Andrew","author_link":"https:\/\/www.brookstradingcourse.com\/pt-br\/author\/andrewa\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/193933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/users\/2836"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/comments?post=193933"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/193933\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/194047"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=193933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=193933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=193933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}