{"id":196216,"date":"2023-12-20T06:25:12","date_gmt":"2023-12-20T14:25:12","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=196216"},"modified":"2023-12-20T21:50:07","modified_gmt":"2023-12-21T05:50:07","slug":"emini-climactic-behavior","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/emini-climactic-behavior\/","title":{"rendered":"Emini Climactic Behavior Late in Trend"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Trading Update: Wednesday December 20, 2023<\/h3>\n\n\n\n<h2 class=\"wp-block-heading\">S&amp;P Emini pre-open market analysis<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Emini daily chart<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Emini formed a strong bull trend bar yesterday, closing near its high.<\/li>\n\n\n\n<li>The market is around 140 points away from the 20\u2013period moving average. This is climactic behavior late in a trend that began in early November.<\/li>\n\n\n\n<li>The bulls will likely not be eager to buy this far from the average price (moving average). This increases the odds of a pullback to the moving average.<\/li>\n\n\n\n<li>The moving average is a reflection of the average price. Traders buying right now are being forced to pay a premium. Traders are happy to pay a premium when the momentum is strong, and it is not late in a trade.<\/li>\n\n\n\n<li>The bears hope they will get a sharp selloff down to the moving average, and a breakout below it.<\/li>\n\n\n\n<li>More likely, the downside will be limited. However, as stated above, the odds favor a test of the moving average.<\/li>\n\n\n\n<li>Last Friday formed an inside bar. Inside bars are triangles and often magnets, especially late in a trend. The odds favor a test of last Friday\u2019s high within the next few days.<\/li>\n\n\n\n<li>There are momentum bulls who will stay long until there is a reason to exit longs. One reason would be a bear bar closing near its low or a series of 2-3 consecutive bear bars.<\/li>\n\n\n\n<li>If the bears get a strong bear close, it could trigger a series of bull stops, leading to a downside breakout. Those bulls selling out of longs are momentum bulls, protecting profits.<\/li>\n\n\n\n<li>If the bears get strong follow-through selling, more momentum bears will establish short positions.<\/li>\n\n\n\n<li>Overall, traders should assume that the market is going to go sideways to down and test the December 15<sup>th<\/sup> high (4,779.5).<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Emini 5-minute chart and what to expect today<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Emini is down 10 points in the overnight Globex session.<\/li>\n\n\n\n<li>Today will probably close below the open of the day. This means traders should pay close attention to the open as it will likely be a magnet most of the day.<\/li>\n\n\n\n<li>If the bulls get a rally above the open, traders will access the strength of the move. If it looks like a leg in a trading range, with gaps close, traders will bet against the bulls.<\/li>\n\n\n\n<li>Traders should assume that today will have a lot of trading range price action on the open. There is only a 20% chance of a trend from the open, which means there is an 80% chance of a trading range open.<\/li>\n\n\n\n<li>Traders should consider not trading the first 6 \u2013 12 bars unless they are comfortable with limit orders and making quick decisions.<\/li>\n\n\n\n<li>Most traders should focus on catching the opening swing that often begins before the end of the second hour. This means traders should look for the market to form a double top\/bottom or a wedge top\/bottom. It is common for one of the patterns mentioned above to form before the swing trade begins.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Emini intraday market update<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Emini rallied from a bull trend from the open, testing yesterday\u2019s high.<\/li>\n\n\n\n<li>The bulls are hopeful that today will have follow-through buying. However, yesterday&#8217;s high will probably find resistance above it.<\/li>\n\n\n\n<li>As of bar 14, the bulls have done a good job with the rally. However, there are still several hours left in the day.<\/li>\n\n\n\n<li>The bears need to develop more selling pressure if they are going to take control and get below yesterday\u2019s high.<\/li>\n\n\n\n<li>The rally today is strong enough to make a bear trend day unlikely. This means that today is probably going to be trading range day or a bull trend day.<\/li>\n\n\n\n<li>The bears are hopeful that bar 13 is forming a parabolic wedge that leads to a reversal down.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Yesterday&#8217;s Emini setups<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/12\/SP500-Emini-5-Min-Chart-Bull-Trend-From-The-Open-Then-Trading-Range.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/12\/SP500-Emini-5-Min-Chart-Bull-Trend-From-The-Open-Then-Trading-Range-680x383.jpg\" alt=\"SP500 Emini 5-Min Chart Bull Trend From The Open Then Trading Range\" class=\"wp-image-196280\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/12\/SP500-Emini-5-Min-Chart-Bull-Trend-From-The-Open-Then-Trading-Range-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/12\/SP500-Emini-5-Min-Chart-Bull-Trend-From-The-Open-Then-Trading-Range-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/12\/SP500-Emini-5-Min-Chart-Bull-Trend-From-The-Open-Then-Trading-Range-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/12\/SP500-Emini-5-Min-Chart-Bull-Trend-From-The-Open-Then-Trading-Range.jpg 1280w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<p><em>Al created the SP500 Emini charts.<\/em><\/p>\n\n\n\n<p class=\"caption\">Here are reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell entry bar with a red arrow. Buyers of both the Brooks Trading Course and Encyclopedia of Chart Patterns have access to a near 4-year library of more detailed explanations of swing trade setups (see Online Course\/BTC Daily Setups). Encyclopedia members get current daily charts added to Encyclopedia.<\/p>\n\n\n\n<p class=\"caption\">My 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\">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\">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 Emini.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Summary of today&#8217;s S&amp;P Emini price action<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/12\/SP500-Emini-5-Min-Chart-Bull-Trend-From-The-Open-and-Then-Reversal-Down.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/12\/SP500-Emini-5-Min-Chart-Bull-Trend-From-The-Open-and-Then-Reversal-Down-680x383.jpg\" alt=\"SP500 Emini 5-Min Chart Bull Trend From The Open and Then Reversal Down\" class=\"wp-image-196324\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/12\/SP500-Emini-5-Min-Chart-Bull-Trend-From-The-Open-and-Then-Reversal-Down-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/12\/SP500-Emini-5-Min-Chart-Bull-Trend-From-The-Open-and-Then-Reversal-Down-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/12\/SP500-Emini-5-Min-Chart-Bull-Trend-From-The-Open-and-Then-Reversal-Down-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/12\/SP500-Emini-5-Min-Chart-Bull-Trend-From-The-Open-and-Then-Reversal-Down.jpg 1280w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<p><em>Al created the SP500 Emini charts.<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">End of day video review<\/h3>\n\n\n\n<div class=\"wp-block-stackable-video-popup stk-block-video-popup stk-block stk-8a89f80\" data-video=\"https:\/\/www.youtube.com\/watch?v=As581dNHXY8\" data-block-id=\"8a89f80\"><button class=\"stk-block-video-popup__overlay stk-row stk-inner-blocks stk-block-content stk-hover-parent\" aria-label=\"Play Video\">\n<div class=\"wp-block-stackable-icon stk-block-icon has-text-align-center stk-block stk-614bcfc\" data-block-id=\"614bcfc\"><span class=\"stk--svg-wrapper\"><div class=\"stk--inner-svg\"><svg style=\"height:0;width:0\"><defs><linearGradient id=\"linear-gradient-614bcfc\" x1=\"0\" x2=\"100%\" y1=\"0\" y2=\"0\"><stop offset=\"0%\" style=\"stop-opacity:1;stop-color:var(--linear-gradient-614-bcfc-color-1)\"><\/stop><stop offset=\"100%\" style=\"stop-opacity:1;stop-color:var(--linear-gradient-614-bcfc-color-2)\"><\/stop><\/linearGradient><\/defs><\/svg><svg data-prefix=\"fas\" data-icon=\"play\" class=\"svg-inline--fa fa-play fa-w-14\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\" aria-hidden=\"true\" width=\"32\" height=\"32\"><path fill=\"currentColor\" d=\"M424.4 214.7L72.4 6.6C43.8-10.3 0 6.1 0 47.9V464c0 37.5 40.7 60.1 72.4 41.3l352-208c31.4-18.5 31.5-64.1 0-82.6z\"><\/path><\/svg><\/div><\/span><\/div>\n\n\n\n<div class=\"wp-block-stackable-image stk-block-image stk-block stk-440235d\" data-block-id=\"440235d\"><figure><span class=\"stk-img-wrapper stk-image--shape-stretch\"><img loading=\"lazy\" decoding=\"async\" class=\"stk-img wp-image-179791\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/06\/Brad-Wolff-Emini-EOD-Review-680px.png\" width=\"680\" height=\"382\" alt=\"Brad Wolff Emini EOD Review\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/06\/Brad-Wolff-Emini-EOD-Review-680px.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/06\/Brad-Wolff-Emini-EOD-Review-680px-300x169.png 300w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/span><\/figure><\/div>\n<\/button><\/div>\n\n\n\n<p><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>Al Brooks and other presenters talk about the detailed Emini price action real-time each day in the BrooksPriceAction.com <a href=\"https:\/\/www.brookstradingcourse.com\/online-day-trading-room\/\" target=\"_blank\" rel=\"noreferrer noopener\">trading room<\/a> days. We offer a <a href=\"http:\/\/www.brookspriceaction.com\/portal.php?page=11\" target=\"_blank\" rel=\"noreferrer noopener\">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\">Charts use Pacific Time<\/h3>\n\n\n\n<p>When times are mentioned, it is USA Pacific Time. The Emini 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: Wednesday December 20, 2023 S&amp;P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini intraday market update Yesterday&#8217;s Emini setups Al created the SP500 Emini charts. Here are reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each [&hellip;]<\/p>\n","protected":false},"author":5460,"featured_media":196280,"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":[1363,281,60],"class_list":{"0":"post-196216","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-update","8":"category-analysis","9":"tag-bull-climax","10":"tag-eurusd-forex","11":"tag-sp-emini","12":"entry","13":"override","14":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/12\/SP500-Emini-5-Min-Chart-Bull-Trend-From-The-Open-Then-Trading-Range.jpg","author_info":{"display_name":"Brad","author_link":"https:\/\/www.brookstradingcourse.com\/pt-br\/author\/brad-wolff\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/196216","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\/5460"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/comments?post=196216"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/196216\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/196280"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=196216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=196216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=196216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}