The Weekly<\/em> S&P 500 Emini chart<\/h3>\n\n\n\n![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/Emini-Weekly-Starting-to-Stall-Pullback-or-HH-MTR-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This\u00a0week\u2019s\u00a0Emini candlestick\u00a0<\/a>was a bull doji closing below the middle of its range.<\/li>\n\n\n\n
- Last week<\/a>, we said that the odds slightly favor the market to still be in the sideways to up phase. Traders would see if the bulls can create a breakout into new all-time high territory with follow-through buying or if the market would stall around the July high area forming some bear bars in the weeks ahead instead.<\/li>\n\n\n\n
- The market made a new all-time high this week but closed below last week\u2019s high.<\/li>\n\n\n\n
- The bulls hope\u00a0the market is in the broad bull channel phase and want a resumption of the move.<\/li>\n\n\n\n
- They must create a strong breakout with follow-through buying to increase the odds of the trend resuming.<\/li>\n\n\n\n
- If the market trades lower, they want the 20-week EMA or the bull trend line to act as support, forming a double bottom bull flag with the September 6 low.<\/li>\n\n\n\n
- The bears see the current rally as a retest of the prior all-time high.<\/li>\n\n\n\n
- They want a reversal from a double top (Jul 16 and Sep 26) and a higher high major trend reversal.<\/li>\n\n\n\n
- They want the market to stall around the current levels and start forming bear bars.<\/li>\n\n\n\n
- They need to create a few strong bear bars to indicate that they are back in control.<\/li>\n\n\n\n
- Since this\u00a0week\u2019s\u00a0candlestick is\u00a0a bull doji closing in its lower half, it is not a strong buy signal bar.<\/li>\n\n\n\n
- The candlesticks are becoming smaller over the last 3 weeks indicating a loss of momentum. The risk of a minor pullback is increasing.<\/li>\n\n\n\n
- If the bulls can’t create a strong breakout with follow-through buying, we may see another pullback form (probably towards the 20-week EMA area) within a few weeks.<\/li>\n\n\n\n
- For now, traders will see if the bulls can create another breakout into new all-time high territory with follow-through buying.<\/li>\n\n\n\n
- Or will the market stall around the current levels, forming bear bars in the weeks ahead instead?<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> S&P 500 Emini chart<\/h3>\n\n\n\n![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/Emini-Daily-Stall-Pullback-Profit-Taking-or-HH-MTR-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The market traded sideways to up for the week. Thursday gapped higher but closed as a bear bar with a long tail below. Friday was an inside bear bar closing in its lower half.<\/li>\n\n\n\n
- Last week<\/a>, we said that the odds slightly favor the market to still be in the sideways to up phase. Traders would see if the bulls can create a strong breakout above the September 19 high with follow-through buying or if the market would trade slightly higher but stall and reverse lower in the weeks ahead.<\/li>\n\n\n\n
- The market traded higher for the week but closed below the September 19 high.<\/li>\n\n\n\n
- The bulls hope\u00a0the\u00a0rally is in a broad bull channel\u00a0phase and want a resumption of the move.<\/li>\n\n\n\n
- They want a strong breakout above the all-time high with follow-through buying.<\/li>\n\n\n\n
- The move up since the September 11 low is in a tight bull channel which means persistent buying.<\/li>\n\n\n\n
- However, the increasing overlapping candlesticks in the last 2 weeks indicate a loss of momentum.<\/li>\n\n\n\n
- If the market trades lower, they want a reversal from a double bottom bull flag with the September 6 low.<\/li>\n\n\n\n
- They want the 20-day EMA or the bull trend line to act as support.<\/li>\n\n\n\n
- The bears see the current rally as a retest of the all-time high.<\/li>\n\n\n\n
- They want a reversal from a higher high major trend reversal and a double top with the prior all-time high (Jul 16).<\/li>\n\n\n\n
- They need to create consecutive bear bars closing near their lows trading far below the 20-day EMA to show they are back in control.<\/li>\n\n\n\n
- For now, the market remains Always In Long.<\/li>\n\n\n\n
- However, if the market continues to stall, we may see a minor pullback testing the 20-day EMA in the weeks ahead.<\/li>\n\n\n\n
- Traders will see if the bulls can continue to create a follow-through buying, breaking into new all-time high territory.<\/li>\n\n\n\n
- Or will the market trade stall and reverse lower, forming a retest of the September 11 low instead?<\/li>\n<\/ul>\n\n\n\n
Trading room<\/h2>\n\n\n\n
Al Brooks and other presenters talk about the detailed Emini price action real-time each day in the BrooksPriceAction.com trading room<\/a>. We offer a 2 day free trial<\/a>.<\/p>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/Emini-Weekly-Starting-to-Stall-Pullback-or-HH-MTR.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- This\u00a0week\u2019s\u00a0Emini candlestick\u00a0<\/a>was a bull doji closing below the middle of its range.<\/li>\n\n\n\n
- Last week<\/a>, we said that the odds slightly favor the market to still be in the sideways to up phase. Traders would see if the bulls can create a breakout into new all-time high territory with follow-through buying or if the market would stall around the July high area forming some bear bars in the weeks ahead instead.<\/li>\n\n\n\n
- The market made a new all-time high this week but closed below last week\u2019s high.<\/li>\n\n\n\n
- The bulls hope\u00a0the market is in the broad bull channel phase and want a resumption of the move.<\/li>\n\n\n\n
- They must create a strong breakout with follow-through buying to increase the odds of the trend resuming.<\/li>\n\n\n\n
- If the market trades lower, they want the 20-week EMA or the bull trend line to act as support, forming a double bottom bull flag with the September 6 low.<\/li>\n\n\n\n
- The bears see the current rally as a retest of the prior all-time high.<\/li>\n\n\n\n
- They want a reversal from a double top (Jul 16 and Sep 26) and a higher high major trend reversal.<\/li>\n\n\n\n
- They want the market to stall around the current levels and start forming bear bars.<\/li>\n\n\n\n
- They need to create a few strong bear bars to indicate that they are back in control.<\/li>\n\n\n\n
- Since this\u00a0week\u2019s\u00a0candlestick is\u00a0a bull doji closing in its lower half, it is not a strong buy signal bar.<\/li>\n\n\n\n
- The candlesticks are becoming smaller over the last 3 weeks indicating a loss of momentum. The risk of a minor pullback is increasing.<\/li>\n\n\n\n
- If the bulls can’t create a strong breakout with follow-through buying, we may see another pullback form (probably towards the 20-week EMA area) within a few weeks.<\/li>\n\n\n\n
- For now, traders will see if the bulls can create another breakout into new all-time high territory with follow-through buying.<\/li>\n\n\n\n
- Or will the market stall around the current levels, forming bear bars in the weeks ahead instead?<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> S&P 500 Emini chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n- \n
- The market traded sideways to up for the week. Thursday gapped higher but closed as a bear bar with a long tail below. Friday was an inside bear bar closing in its lower half.<\/li>\n\n\n\n
- Last week<\/a>, we said that the odds slightly favor the market to still be in the sideways to up phase. Traders would see if the bulls can create a strong breakout above the September 19 high with follow-through buying or if the market would trade slightly higher but stall and reverse lower in the weeks ahead.<\/li>\n\n\n\n
- The market traded higher for the week but closed below the September 19 high.<\/li>\n\n\n\n
- The bulls hope\u00a0the\u00a0rally is in a broad bull channel\u00a0phase and want a resumption of the move.<\/li>\n\n\n\n
- They want a strong breakout above the all-time high with follow-through buying.<\/li>\n\n\n\n
- The move up since the September 11 low is in a tight bull channel which means persistent buying.<\/li>\n\n\n\n
- However, the increasing overlapping candlesticks in the last 2 weeks indicate a loss of momentum.<\/li>\n\n\n\n
- If the market trades lower, they want a reversal from a double bottom bull flag with the September 6 low.<\/li>\n\n\n\n
- They want the 20-day EMA or the bull trend line to act as support.<\/li>\n\n\n\n
- The bears see the current rally as a retest of the all-time high.<\/li>\n\n\n\n
- They want a reversal from a higher high major trend reversal and a double top with the prior all-time high (Jul 16).<\/li>\n\n\n\n
- They need to create consecutive bear bars closing near their lows trading far below the 20-day EMA to show they are back in control.<\/li>\n\n\n\n
- For now, the market remains Always In Long.<\/li>\n\n\n\n
- However, if the market continues to stall, we may see a minor pullback testing the 20-day EMA in the weeks ahead.<\/li>\n\n\n\n
- Traders will see if the bulls can continue to create a follow-through buying, breaking into new all-time high territory.<\/li>\n\n\n\n
- Or will the market trade stall and reverse lower, forming a retest of the September 11 low instead?<\/li>\n<\/ul>\n\n\n\n
Trading room<\/h2>\n\n\n\n
Al Brooks and other presenters talk about the detailed Emini price action real-time each day in the BrooksPriceAction.com trading room<\/a>. We offer a 2 day free trial<\/a>.<\/p>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
- Last week<\/a>, we said that the odds slightly favor the market to still be in the sideways to up phase. Traders would see if the bulls can create a breakout into new all-time high territory with follow-through buying or if the market would stall around the July high area forming some bear bars in the weeks ahead instead.<\/li>\n\n\n\n