{"id":215562,"date":"2024-08-20T07:30:19","date_gmt":"2024-08-20T14:30:19","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=215562"},"modified":"2024-08-20T21:58:52","modified_gmt":"2024-08-21T04:58:52","slug":"emini-disappointment-likely-for-bulls-2","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/emini-disappointment-likely-for-bulls-2\/","title":{"rendered":"Emini Disappointment likely for Bulls"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Trading Update: Tuesday August 20, 2024<\/h3>\n\n\n\n<h2 class=\"wp-block-heading\">S&amp;P Emini 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 rallied yesterday, forming a bull bar and closing on its high. This is a buy climax bar late in an 11-bar bull microchannel, which increases the risk that today will fall below yesterday\u2019s low.<\/li>\n\n\n\n<li>Today will likely selloff and form a disappointment bar for the bulls.<\/li>\n\n\n\n<li>The 5,600 round number was likely to be a resistance level and find sellers. This increases the odds that the market will have to test back down to the 5,600 round number over the next day or two.<\/li>\n\n\n\n<li>While the rally-up is strong, it is also climactic. The odds favor buyers below, and the first reversal failed. However, the pullback might be deep since an 11-bar bull microchannel is extreme.<\/li>\n\n\n\n<li>The Bears need to do more if they are going to get a reversal down. At a minimum, they need to stop the buying pressure by making the market go sideways. Without the market stalling, the odds are against a successful reversal down.<\/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>The Emini opened with a small gap up. <\/li>\n\n\n\n<li>The market formed a parabolic wedge top with bar 6, which increased the odds of a reversal and possible high of the day.<\/li>\n\n\n\n<li>The bears formed a strong opening reversal on bar 7 down to bar 12. This increases the odds that bar 6 will remain the high of the day.<\/li>\n\n\n\n<li>The market formed a parabolic wedge top with bar 6 and reversed down.<\/li>\n\n\n\n<li>While the bears are hopeful that today will become a strong bear trend day, they need to do more than bar 12 to convince traders.<\/li>\n\n\n\n<li>The market is following a strong bull trend, and the rally up to bar 6 is likely to be an exhaustive buy climax. This increases the odds of a trading range forming today.<\/li>\n\n\n\n<li>There is a 75% chance of a trading range lasting for at least two hours, beginning before the end of the second hour.<\/li>\n\n\n\n<li>At the moment, the market is Always In Short, however it is possibly low in a trading range.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/li>\n\n\n\n<li>The odds favor a second leg down after the bar 9 bear breakout.<\/li>\n\n\n\n<li>The bears are hopeful that today has begun the selloff down to the 5,600 round number.<\/li>\n\n\n\n<li>Because the channel up is tight, the risk for the bears is that the selloff down to bar 12 is part of a minor reversal that will need a deep pullback.<\/li>\n\n\n\n<li>At the moment, the bar 14 breakout is strong enough that the odds favor lower prices.<\/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\/08\/SP500-Emini-5-Min-Chart-Bear-Trap-and-Then-Small-PB-Bull-Trend.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/SP500-Emini-5-Min-Chart-Bear-Trap-and-Then-Small-PB-Bull-Trend-680x383.jpg\" alt=\"SP500 Emini 5-Min Chart Bear Trap and Then Small PB Bull Trend\" class=\"wp-image-215606\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/SP500-Emini-5-Min-Chart-Bear-Trap-and-Then-Small-PB-Bull-Trend-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/SP500-Emini-5-Min-Chart-Bear-Trap-and-Then-Small-PB-Bull-Trend-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/SP500-Emini-5-Min-Chart-Bear-Trap-and-Then-Small-PB-Bull-Trend-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/SP500-Emini-5-Min-Chart-Bear-Trap-and-Then-Small-PB-Bull-Trend.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<ul class=\"wp-block-list\">\n<li>The EURUSD is getting a strong upside breakout, testing near the December 2023 high.<\/li>\n\n\n\n<li>While the rally up from the August low has had several pushes up, it is a breakout on a higher time frame.<\/li>\n\n\n\n<li>The monthly chart of the EURUSD has been in a tight trading range since January 2021. The bulls hope the August rally starts a second leg up following the September 30<sup>th<\/sup> low.<\/li>\n\n\n\n<li>The bears want the August rally to lead to a failed breakout of the December 2023 high.<\/li>\n\n\n\n<li>At the moment, the odds favor a breakout of the December high. Traders will pay close attention to see what happens. If the market breaks far above the December high before going sideways, that will be a sign of strong buying.<\/li>\n\n\n\n<li>However, if, instead, the market goes sideways just under the December high, that will increase the odds that the current August rally is a bull leg in what will be part of the overall trading range that began back in 2021.<\/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\/08\/SP500-Emini-5-Min-Chart-Parabolic-Wedge-Reversal-Down.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/SP500-Emini-5-Min-Chart-Parabolic-Wedge-Reversal-Down-680x383.jpg\" alt=\"SP500 Emini 5-Min Chart Parabolic Wedge Reversal Down\" class=\"wp-image-215675\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/SP500-Emini-5-Min-Chart-Parabolic-Wedge-Reversal-Down-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/SP500-Emini-5-Min-Chart-Parabolic-Wedge-Reversal-Down-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/SP500-Emini-5-Min-Chart-Parabolic-Wedge-Reversal-Down-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/SP500-Emini-5-Min-Chart-Parabolic-Wedge-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<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 August 20, 2024 S&amp;P Emini 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 a [&hellip;]<\/p>\n","protected":false},"author":5460,"featured_media":215606,"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-215562","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\/08\/SP500-Emini-5-Min-Chart-Bear-Trap-and-Then-Small-PB-Bull-Trend.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\/215562","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=215562"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/215562\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/215606"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=215562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=215562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=215562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}