{"id":194716,"date":"2023-11-26T01:30:00","date_gmt":"2023-11-26T09:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=194716"},"modified":"2023-11-25T10:14:48","modified_gmt":"2023-11-25T18:14:48","slug":"emini-follow-through","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/emini-follow-through\/","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 following the breakout above the bear trend line. The next target for the bulls is the July 27 high. The bears want a reversal from a lower high major trend reversal or a double top with either the September 1 or July 27 high.<\/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-FT-above-Bear-TL-5-Bar-Bull-Microchannel.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Weekly-FT-above-Bear-TL-5-Bar-Bull-Microchannel-680x383.jpg\" alt=\"Emini Follow-through, Emini Weekly: FT above Bear TL, 5-Bar Bull Microchannel\" class=\"wp-image-194881\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Weekly-FT-above-Bear-TL-5-Bar-Bull-Microchannel-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Weekly-FT-above-Bear-TL-5-Bar-Bull-Microchannel-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Weekly-FT-above-Bear-TL-5-Bar-Bull-Microchannel-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Weekly-FT-above-Bear-TL-5-Bar-Bull-Microchannel-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Weekly-FT-above-Bear-TL-5-Bar-Bull-Microchannel.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>Last week, we said that the odds continue to slightly favor the market to still be in the sideways to up phase.&nbsp;<\/li>\n\n\n\n<li>This week traded slightly higher in a shortened week.<\/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 5-bar bull microchannel with bull bars closing near their highs. That means strong bulls.<\/li>\n\n\n\n<li>The next target for the bulls is the July 27 high, a logical area for protective stops for the bears.<\/li>\n\n\n\n<li>If a pullback begins, the bulls want it to be sideways and shallow, with doji(s), overlapping bars and candlesticks with long tails below.<\/li>\n\n\n\n<li>If there is a deep pullback, 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 bears see the strong rally simply as a retest of the July 27 high.<\/li>\n\n\n\n<li>They hope that the move is simply a buy-vacuum test of what they believe to be a 36-month trading range high.<\/li>\n\n\n\n<li>They want a reversal from a lower high major trend reversal or a double top with either the September 1 or July 27 high.<\/li>\n\n\n\n<li>The problem with the bear\u2019s case is that the current rally is very strong.&nbsp;<\/li>\n\n\n\n<li>They will need to create strong bear bars with sustained follow-through selling to increase the odds of a deeper pullback.<\/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>Odds continue to slightly favor the market to still be in the sideways to up phase.<\/li>\n\n\n\n<li>However, the move has lasted a long time and is slightly climactic. A minor pullback can begin within a few weeks.<\/li>\n\n\n\n<li>Odds favor the first pullback to be minor. If there is a deeper pullback, odds slightly favor at least a small second leg sideways to up.<\/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, beginning the minor pullback phase.<\/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-Bull-Spike-Micro-Wedge-Minor-PB-Soon.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Daily-Bull-Spike-Micro-Wedge-Minor-PB-Soon-680x383.jpg\" alt=\"Emini Daily: Bull Spike, Micro Wedge, Minor PB Soon?\" class=\"wp-image-194884\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Daily-Bull-Spike-Micro-Wedge-Minor-PB-Soon-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Daily-Bull-Spike-Micro-Wedge-Minor-PB-Soon-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Daily-Bull-Spike-Micro-Wedge-Minor-PB-Soon-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Daily-Bull-Spike-Micro-Wedge-Minor-PB-Soon-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Emini-Daily-Bull-Spike-Micro-Wedge-Minor-PB-Soon.jpg 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The market traded sideways to up for the week.<\/li>\n\n\n\n<li>Last week, we said that the odds continue to favor the market to still be in the sideways to up phase.<\/li>\n\n\n\n<li>The bulls 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 after a pullback.<\/li>\n\n\n\n<li>They want a painful short squeeze (to the bears) that will fuel the move higher.<\/li>\n\n\n\n<li>The next target for the bulls is the July 27 high, a logical area for protective stops for the bears.<\/li>\n\n\n\n<li>If a deeper pullback begins, the bulls want the 20-day EMA to act as support.<\/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 double top with the September 1 or July 27 high.<\/li>\n\n\n\n<li>For now, the buying pressure remains very strong. Odds continue to favor the market to still be Always In Long.<\/li>\n\n\n\n<li>However, the move is slightly climactic. A minor pullback can begin at any moment. Odds favor the first pullback to be minor.&nbsp;<\/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 with pullbacks in between.<\/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 following the breakout above the bear trend line. The next target for the bulls is the July 27 high. The bears want a reversal from a lower high major trend reversal or a double top with either the September 1 [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":194881,"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-194716","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-FT-above-Bear-TL-5-Bar-Bull-Microchannel.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\/194716","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=194716"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/194716\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/194881"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=194716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=194716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=194716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}