{"id":208987,"date":"2024-05-21T06:26:38","date_gmt":"2024-05-21T13:26:38","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=208987"},"modified":"2024-05-21T21:32:48","modified_gmt":"2024-05-22T04:32:48","slug":"emini-bears-want-strong-entry-bar-2","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/emini-bears-want-strong-entry-bar-2\/","title":{"rendered":"Emini Bears Want Strong Entry Bar"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Trading Update: Tuesday May 21, 2024<\/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 Emin found sellers above last Friday\u2019s high 1 buy setup. The bears have a second entry sell below yesterday&#8217;s low. <\/li>\n\n\n\n<li>They are hopeful that today will become a strong entry bar below yesterday&#8217;s low. <\/li>\n\n\n\n<li>The daily chart has been in a tight channel. However, it is getting far from the moving average, and at important resistance, the previous March all-time high.<\/li>\n\n\n\n<li>High 1 buy signal bars are always retest of prior highs. This means that they are typically a variation of a double top. When a High 1 buy signal bar forms late in a rally, there is an increased risk that traders will use the High 1 to sell out of longs and into shots at the previous extreme.<\/li>\n\n\n\n<li>The bears will see yesterday as a second entry short and a second failed breakout of the March high. They are hopeful that today will lead to a strong downside breakout, closing far below yesterday\u2019s low, leading to a test of the moving average.<\/li>\n\n\n\n<li>The odds favor any selloff to become a minor reversal, which means there will likely be buyers below scaling in lower.<\/li>\n\n\n\n<li>The bears will need to develop more selling pressure before traders are convinced that they will have a credible shot at taking control.<\/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 7 points in the overnight Globex session.<\/li>\n\n\n\n<li>The Globex market went sideways for most of the overnight session.<\/li>\n\n\n\n<li>The bear recently formed a downside breakout around 8:30 AM EST.<\/li>\n\n\n\n<li>The bears are hopeful this will be the start of a strong bear trend day, which would create a strong entry bar on the daily chart.<\/li>\n\n\n\n<li>More likely today, there will be a lot of trading range price action, leading to disappointment for the bears.<\/li>\n\n\n\n<li>Traders should pay attention to yesterday\u2019s low as it will likely be an important magnet.<\/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\/2024\/05\/SP500-Emini-5-Min-Chart-Failed-Breakout-above-Wedge-Top.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/SP500-Emini-5-Min-Chart-Failed-Breakout-above-Wedge-Top-680x383.jpg\" alt=\"SP500 Emini 5-Min Chart Failed Breakout above Wedge Top\" class=\"wp-image-209094\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/SP500-Emini-5-Min-Chart-Failed-Breakout-above-Wedge-Top-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/SP500-Emini-5-Min-Chart-Failed-Breakout-above-Wedge-Top-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/SP500-Emini-5-Min-Chart-Failed-Breakout-above-Wedge-Top-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/SP500-Emini-5-Min-Chart-Failed-Breakout-above-Wedge-Top.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\">EURUSD Forex market trading strategies<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">EURUSD Forex daily chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/EURUSD-Daily-Bull-Breakout-of-Bear-Flag-2nd-Leg-Up-Likely.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/EURUSD-Daily-Bull-Breakout-of-Bear-Flag-2nd-Leg-Up-Likely-680x383.jpg\" alt=\"EURUSD Daily: Bull Breakout of Bear Flag, 2nd Leg Up Likely\" class=\"wp-image-209166\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/EURUSD-Daily-Bull-Breakout-of-Bear-Flag-2nd-Leg-Up-Likely-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/EURUSD-Daily-Bull-Breakout-of-Bear-Flag-2nd-Leg-Up-Likely-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/EURUSD-Daily-Bull-Breakout-of-Bear-Flag-2nd-Leg-Up-Likely-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/EURUSD-Daily-Bull-Breakout-of-Bear-Flag-2nd-Leg-Up-Likely.jpg 960w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The EURUSD formed a weak entry bar for the bears following Monday\u2019s bear reversal bar.<\/li>\n\n\n\n<li>Today increases that any reversal down will be minor, leading to buyers below scaling in lower.<\/li>\n\n\n\n<li>The Bears need to do more if they will get a successful reversal of last week\u2019s rally.<\/li>\n\n\n\n<li>While the market is Always In Long, the bulls could not break far above the April 9<sup>th<\/sup> high. This increases the risk that the rally up to the May 16<sup>th<\/sup> high was a buy vacuum test of support (April 9<sup>th<\/sup>).<\/li>\n\n\n\n<li>The Bulls are hopeful that the rally above the May 3<sup>rd<\/sup> breakout point high is a successful bull breakout of a bear flag that will lead to a measured move up.<\/li>\n\n\n\n<li>The market has a negative gap (April 25<sup>th<\/sup> high and May 9<sup>th<\/sup> low). This increases the risk of the breakout above the May 3<sup>rd<\/sup> high staying open and the market becoming a small pullback bull trend.<\/li>\n\n\n\n<li>At the moment, the odds are against this; however, if the bulls begin to keep gaps open, the probability of a bull trend will increase.<\/li>\n\n\n\n<li>Overall, the odds favor a second leg up after the May 16<sup>th<\/sup> high. The Bears need to create more selling pressure to get a successful reversal down and test of the May 9<sup>th<\/sup> low.<\/li>\n<\/ul>\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\/2024\/05\/SP500-Emini-5-Min-Chart-Bull-Trend-From-Open-Then-Resumption-Up.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/SP500-Emini-5-Min-Chart-Bull-Trend-From-Open-Then-Resumption-Up-680x383.jpg\" alt=\"SP500 Emini 5-Min Chart Bull Trend From Open Then Resumption Up\" class=\"wp-image-209161\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/SP500-Emini-5-Min-Chart-Bull-Trend-From-Open-Then-Resumption-Up-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/SP500-Emini-5-Min-Chart-Bull-Trend-From-Open-Then-Resumption-Up-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/SP500-Emini-5-Min-Chart-Bull-Trend-From-Open-Then-Resumption-Up-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/SP500-Emini-5-Min-Chart-Bull-Trend-From-Open-Then-Resumption-Up.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<p>End Of Day Review will be presented in the Trading Room today. See below for details on how to sign up.<\/p>\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: Tuesday May 21, 2024 S&amp;P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today 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 sell entry bar with [&hellip;]<\/p>\n","protected":false},"author":5460,"featured_media":209094,"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":[281,60],"class_list":{"0":"post-208987","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-update","8":"category-analysis","9":"tag-eurusd-forex","10":"tag-sp-emini","11":"entry","12":"override","13":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/SP500-Emini-5-Min-Chart-Failed-Breakout-above-Wedge-Top.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\/208987","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=208987"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/208987\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/209094"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=208987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=208987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=208987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}