{"id":213580,"date":"2024-07-28T01:30:00","date_gmt":"2024-07-28T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=213580"},"modified":"2024-07-28T02:24:00","modified_gmt":"2024-07-28T09:24:00","slug":"weekly-emini-follow-through-selling","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/weekly-emini-follow-through-selling\/","title":{"rendered":"Weekly Emini Follow-through Selling"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: S&amp;P 500 Emini Futures<\/h2>\n\n\n\n<p>The market formed a weekly Emini follow-through selling testing the bull trend line. The bulls want the pullback to form a higher low followed by a resumption of the broad bull channel. The bears want a TBTL (Ten Bars, Two Legs) pullback trading far below the 20-week EMA. At the very least, they want a retest of the&nbsp;April 19&nbsp;low, even if it forms a higher low.<\/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-full\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/Emini-Weekly-Follow-through-Bear-Bar-Testing-TL-680x383.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/Emini-Weekly-Follow-through-Bear-Bar-Testing-TL.jpg\" alt=\"Emini Weekly: Follow-through Bear Bar Testing TL, Weekly Emini Follow-through Selling\" class=\"wp-image-213730\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/Emini-Weekly-Follow-through-Bear-Bar-Testing-TL.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/Emini-Weekly-Follow-through-Bear-Bar-Testing-TL-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/Emini-Weekly-Follow-through-Bear-Bar-Testing-TL-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/Emini-Weekly-Follow-through-Bear-Bar-Testing-TL-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/Emini-Weekly-Follow-through-Bear-Bar-Testing-TL-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\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&nbsp;week\u2019s&nbsp;Emini candlestick&nbsp;<\/a>was a bear bar with a long tail below closing in its lower half.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/emini-start-of-a-pullback\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said that the odds slightly favor the profit-taking phase has begun. Traders would see if the bears can create a follow-through bear bar, even if it is just a bear doji or if there would be an attempt to form a small retest of the prior high.<\/li>\n\n\n\n<li>The bears managed to create follow-through selling this week. The long tail below the candlestick indicates that the bears are not yet as strong as they want to be.<\/li>\n\n\n\n<li>They got a reversal from a higher high&nbsp;major&nbsp;trend reversal, a wedge pattern (Jul 27, Mar 21, and Jul 16) and a trend channel line overshoot.<\/li>\n\n\n\n<li>They also see an embedded wedge (May 23, Jun 28, and Jul 21) and a final flag pattern (sideways consolidation from the mid to the end of Jun).<\/li>\n\n\n\n<li>They want a TBTL (Ten Bars, Two Legs) pullback trading far below the 20-week EMA.<\/li>\n\n\n\n<li>At the very least, they want a retest of the&nbsp;April 19&nbsp;low, even if it forms a higher low.<\/li>\n\n\n\n<li>The bulls hope&nbsp;that the&nbsp;market is still in the broad bull channel phase.&nbsp;<\/li>\n\n\n\n<li>They want the pullback to form a higher low followed by a resumption of the broad bull channel.<\/li>\n\n\n\n<li>If the marker trades lower, they want the 20-week EMA or the bull trend line to act as support.<\/li>\n\n\n\n<li>They hope to get at least a small retest of the all-time high, even if it only forms a lower high.<\/li>\n\n\n\n<li>Since this&nbsp;week\u2019s&nbsp;candlestick is&nbsp;a bear bar closing in its lower half, it is a sell signal bar for next week.&nbsp;<\/li>\n\n\n\n<li>Because the prior rally lasted a long time and was climactic, odds slightly the sideways to down pullback lasting at least a few weeks.<\/li>\n\n\n\n<li>Traders will see if the bears can create another follow-through bear bar, closing below the 20-week EMA.<\/li>\n\n\n\n<li>Or will the market trade slightly lower but stall around the July 25 low or the 20-week EMA area?<\/li>\n\n\n\n<li>For now, the market remains in the sideways to down pullback phase.<\/li>\n\n\n\n<li>If a pullback (bounce) forms and it is weak and sideways, the odds of another leg sideways to down to retest the current leg low (now July 25) will increase.<\/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-full\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/Emini-Daily-2-Legged-PB-Bears-Want-Another-Leg.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/Emini-Daily-2-Legged-PB-Bears-Want-Another-Leg.jpg\" alt=\"Emini Daily: 2-Legged PB, Bears Want Another Leg\" class=\"wp-image-213733\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/Emini-Daily-2-Legged-PB-Bears-Want-Another-Leg.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/Emini-Daily-2-Legged-PB-Bears-Want-Another-Leg-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/Emini-Daily-2-Legged-PB-Bears-Want-Another-Leg-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/Emini-Daily-2-Legged-PB-Bears-Want-Another-Leg-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/Emini-Daily-2-Legged-PB-Bears-Want-Another-Leg-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The market traded higher earlier in the week but gapped down on Wednesday with follow-through selling on Thursday.&nbsp; Friday was an inside bull bar with a prominent tail above.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/emini-start-of-a-pullback\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said that the odds slightly favor the pullback phase has begun. Traders will see if the bears can continue to create strong bear bars in the weeks ahead. Or&nbsp;will the pullback end up as a sideways trading range instead?<\/li>\n\n\n\n<li>So far, the selloff has retraced almost 5% and has strong bear bars and weak pullback. The market attempted to form a strong reversal on Thursday but ended up being an intraday bull trap.<\/li>\n\n\n\n<li>The bears got a reversal from a higher high&nbsp;major&nbsp;trend reversal and a large wedge pattern (Jul 27, Mar 21 and Jul 16).<\/li>\n\n\n\n<li>They got a reversal from an embedded wedge in the current leg up (May 23, Jun 28, and Jul 16) and from a final flag pattern (starting from the second half of Jun).<\/li>\n\n\n\n<li>If the market trades slightly higher, they want another leg down completing the wedge with the first two legs being July 19 and July 25.<\/li>\n\n\n\n<li>At the very least, they want&nbsp;a retest of the&nbsp;April 19&nbsp;low,&nbsp;even if it only forms a higher low.<\/li>\n\n\n\n<li>If there is a deep pullback, they want a reversal from a double top bear flag with July 23 or from a lower high major trend reversal.<\/li>\n\n\n\n<li>The bulls hope&nbsp;that&nbsp;the&nbsp;rally is in a (broad) channel&nbsp;phase.<\/li>\n\n\n\n<li>They want the pullback to form a higher low followed by a resumption of the broad bull channel.<\/li>\n\n\n\n<li>They see the current pullback simply as a retest of the prior breakout point (May 23).<\/li>\n\n\n\n<li>The bulls will need a strong reversal bar or at least a small double bottom before traders will conclude that the pullback phase could be over.<\/li>\n\n\n\n<li>So far, the selloff has strong consecutive bear bars, and the pullback (bounce) is small and lacks follow-through buying.<\/li>\n\n\n\n<li>The odds continue to slightly favor the market to still be in the sideways to down pullback phase.<\/li>\n\n\n\n<li>If there is a deeper pullback (bounce), traders will see the strength of the pullback.<\/li>\n\n\n\n<li>If it is weak and sideways, the odds of another leg down from a double top bear flag with July 23 will increase.<\/li>\n\n\n\n<li>Traders expect the current move to have at least two or three legs (wedge).<\/li>\n\n\n\n<li>For now, traders will see if the bears can continue maintaining the tight bear channel (small pullback followed by strong selloff).<\/li>\n\n\n\n<li>Or&nbsp;will the market trade slightly lower and then start to stall, forming a deeper pullback (bounce) instead?<\/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<h2 class=\"wp-block-heading\">Market Overview: S&amp;P 500 Emini Futures<\/h2>\n\n\n\n<p>The <strong>S&amp;P 500 Emini<\/strong> futures <\/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>Monthly<\/em> Emini chart<\/h3>\n\n\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8230;<\/li>\n\n\n\n<li>&#8230;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Weekly<\/em> S&amp;P 500 Emini chart<\/h3>\n\n\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8230;<\/li>\n\n\n\n<li>&#8230;<\/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\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8230;<\/li>\n\n\n\n<li>&#8230;<\/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 market formed a weekly Emini follow-through selling testing the bull trend line. The bulls want the pullback to form a higher low followed by a resumption of the broad bull channel. The bears want a TBTL (Ten Bars, Two Legs) pullback trading far below the 20-week EMA. At [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":213730,"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-213580","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\/2024\/07\/Emini-Weekly-Follow-through-Bear-Bar-Testing-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\/213580","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=213580"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/213580\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/213730"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=213580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=213580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=213580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}