{"id":194330,"date":"2023-11-19T01:30:00","date_gmt":"2023-11-19T09:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=194330"},"modified":"2023-11-18T11:20:39","modified_gmt":"2023-11-18T19:20:39","slug":"emini-strong-bulls","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/emini-strong-bulls\/","title":{"rendered":"Emini Strong Bulls"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: S&amp;P 500 Emini Futures<\/h2>\n\n\n\n<p>The Emini Strong Bulls formed 3 consecutive bull bars closing near their highs, breaking far above the 20-week EMA and the bear trend line on the weekly chart. They want a resumption of the bull trend. The bears hope to get a reversal from a lower high major trend reversal or a double top.<\/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-Strong-Rally-Breaking-above-Bear-TL.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Weekly-Strong-Rally-Breaking-above-Bear-TL-680x383.jpg\" alt=\"Emini Strong Bulls Emini Weekly: Strong Rally Breaking above Bear TL\" class=\"wp-image-194455\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Weekly-Strong-Rally-Breaking-above-Bear-TL-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Weekly-Strong-Rally-Breaking-above-Bear-TL-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Weekly-Strong-Rally-Breaking-above-Bear-TL-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Weekly-Strong-Rally-Breaking-above-Bear-TL-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Weekly-Strong-Rally-Breaking-above-Bear-TL.jpg 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.investing.com\/indices\/us-spx-500-futures\" target=\"_blank\" rel=\"noreferrer noopener\">This week\u2019s Emini candlestick&nbsp;<\/a>was another consecutive bull bar closing near its high.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/emini-follow-through-bull-bar\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said that the odds continue to slightly favor the market to trade at least a little higher and 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>This week traded higher, and the bulls got a follow-through bull bar closing far above the bear trend line.<\/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 then got a strong rally with consecutive bull bars breaking far above the 20-week EMA and the bear trend line.<\/li>\n\n\n\n<li>The current move-up is in a 4-bar bull microchannel with big bull bars closing near their highs. That means strong bulls.<\/li>\n\n\n\n<li>If they get a couple of strong consecutive bull bars, the odds of the bull trend resuming will increase. The bull trend may be resuming.<\/li>\n\n\n\n<li>If the market trades lower, they want a reversal up from a higher low major trend reversal and the 20-week EMA to act as support.<\/li>\n\n\n\n<li>The bulls will need to create follow-through buying following this week\u2019s close above the bear trend line.<\/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 strong rally as a retest of the July 27 high and want a reversal from a lower high major trend reversal or a double top.<\/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.<\/li>\n\n\n\n<li>Odds continue to slightly favor the market to still be in the sideways to up phase.<\/li>\n\n\n\n<li>Traders will see if the bulls can get another follow-through bull bar or will the market trade slightly higher but close as a doji or with a bear body.<\/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-Strong-Bull-Spike-Slightly-Climactic.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Daily-Strong-Bull-Spike-Slightly-Climactic-680x383.jpg\" alt=\"Emini Daily: Strong Bull Spike, Slightly Climactic\" class=\"wp-image-194458\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Daily-Strong-Bull-Spike-Slightly-Climactic-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Daily-Strong-Bull-Spike-Slightly-Climactic-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Daily-Strong-Bull-Spike-Slightly-Climactic-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Daily-Strong-Bull-Spike-Slightly-Climactic-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Daily-Strong-Bull-Spike-Slightly-Climactic.jpg 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The market gapped above the bear trend line on Tuesday followed by sideways to up trading into Friday.<\/li>\n\n\n\n<li>Last week, we said that the odds slightly favor the market to still be in the sideways to up phase. Traders will see if the bulls can create sustained follow-through trading far above the October high and the bear trend line.<\/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 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>The move-up is strong with several big gaps that remained open and in a tight bull channel.<\/li>\n\n\n\n<li>The next targets for the bulls are the July 27 high and the all-time high.<\/li>\n\n\n\n<li>They hope that the current rally will form a spike and channel which last for many months.<\/li>\n\n\n\n<li>If the market trades lower, the odds slightly favor at least a small second leg sideways to up.<\/li>\n\n\n\n<li>The bears hope that the strong rally is simply a retest of the July 27 high.&nbsp;<\/li>\n\n\n\n<li>They want a strong reversal down, like the one in August 2022 following a similar strong rally.<\/li>\n\n\n\n<li>They want a reversal down from a lower high major trend reversal and a micro double top (Nov 15 and Nov 17).<\/li>\n\n\n\n<li>For now, the buying pressure remains very strong despite the climactic nature of the move.<\/li>\n\n\n\n<li>Until the bears can create strong bear bars with sustained follow-through selling, odds continue to favor the market to still be in the sideways to up phase.<\/li>\n\n\n\n<li>If there is a larger pullback, odds slightly favor at least a small second leg sideways to up after the pullback.<\/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 Emini Strong Bulls formed 3 consecutive bull bars closing near their highs, breaking far above the 20-week EMA and the bear trend line on the weekly chart. They want a resumption of the bull trend. The bears hope to get a reversal from a lower high major trend [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":194455,"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":[60],"class_list":{"0":"post-194330","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-analysis","8":"category-sp500-emini","9":"tag-sp-emini","10":"entry","11":"override","12":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Weekly-Strong-Rally-Breaking-above-Bear-TL.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\/194330","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=194330"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/194330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/194455"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=194330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=194330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=194330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}