The Monthly<\/em> Emini chart<\/h3>\n\n\n\n![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Emini-Monthly-No-FT-Selling-Final-Flag-Forming-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The\u00a0January monthly Emini candlestick<\/a> was a bull bar closing in its upper with a long tail below and a prominent tail above.<\/li>\n\n\n\n
- Last month<\/a>, we said that traders would see if the bears could create a follow-through bear bar, or if the market would trade slightly lower but stall and close with a long tail below or a bull body (poor follow-through selling) instead.<\/li>\n\n\n\n
- The market traded lower in the first half of the month but reversed sideways to up from mid-month onwards. The bears did not get strong follow-through selling.<\/li>\n\n\n\n
- The bulls created a large wedge pattern (Mar 21, Jul 16 and Dec 6) and an embedded wedge (Aug 30, Oct 17, and Dec 6).<\/li>\n\n\n\n
- They want the market to continue in a broad bull channel for months.<\/li>\n\n\n\n
- They want any pullback to be sideways and shallow (filled with weak bear bars, bull bars, doji(s) and overlapping candlesticks) and form a higher low or a double bottom bull flag with the September 6 or August 5 lows. They want the pullback to have poor follow-through selling. So far, this is the case.<\/li>\n\n\n\n
- The bulls want February to break into new all-time highs followed by a measured move based on the height of the recent sideways trading range.<\/li>\n\n\n\n
- The bears want a reversal from a wedge pattern (Mar 21, Jul 16 and Dec 6).<\/li>\n\n\n\n
- They traded below the December low but could not create sustained follow-through selling.<\/li>\n\n\n\n
- If the market trades higher, they hope the recent sideways trading range will be the final flag of the rally.<\/li>\n\n\n\n
- They must create credible selling pressure (strong bear bars with follow-through selling) to show they are back in control.<\/li>\n\n\n\n
- Since January\u2019s candlestick was a bull bar closing in its upper half, it can be a buy signal bar for February.<\/li>\n\n\n\n
- The move up since October 2023 has lasted a long time and is slightly climactic.<\/li>\n\n\n\n
- However, until the bears can create credible selling pressure, traders will not be willing to sell aggressively.<\/li>\n\n\n\n
- For now, traders will see if the bulls can create a breakout above the tight trading range and close February as a strong bull bar.<\/li>\n\n\n\n
- Or will the market continue to trade sideways within the trading range and breakout below instead?<\/li>\n<\/ul>\n\n\n\n
The Weekly<\/em> S&P 500 Emini chart<\/h3>\n\n\n\n![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Emini-Weekly-Bulls-Want-BO-Bears-Want-DT-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This\u00a0week\u2019s\u00a0Emini candlestick\u00a0<\/a>was a bull bar closing below the middle of its range with a prominent tail above.<\/li>\n\n\n\n
- Last week<\/a>, we said the market may still trade a little higher. Traders would see if the bulls could create a follow-through bull bar breaking into new all-time territory, or if the market would stall around the December 6 high area instead.<\/li>\n\n\n\n
- The market gapped down on Monday followed by sideways to up trading. The weekly candlestick closed off its high following a pullback on Friday.<\/li>\n\n\n\n
- The bulls see the market as being in a broad bull channel and want the market to continue sideways to up for months.<\/li>\n\n\n\n
- They see the recent move (to Jan 13) as a two-legged pullback and want the market to resume higher from a double bottom bull flag (Nov 4 and Jan 13).<\/li>\n\n\n\n
- They want a breakout into new all-time highs followed by a measured move based on the height of the recent 19-week trading range.<\/li>\n\n\n\n
- They must continue to create sustained follow-through buying to increase the odds of a breakout into new all-time highs.<\/li>\n\n\n\n
- The bears got a two-legged pullback but the follow-through selling below the 20-week EMA was limited.<\/li>\n\n\n\n
- They see the current move as a retest of the prior trend extreme high (Dec 6) and a bull leg within the 19-week trading range.<\/li>\n\n\n\n
- They want a reversal from a double top (Dec 6 and Jan 24) and a lower high major trend reversal.<\/li>\n\n\n\n
- If the market trades higher, they want a failed breakout above the all-time high followed by a higher major trend reversal.<\/li>\n\n\n\n
- Since this\u00a0week\u2019s\u00a0candlestick is\u00a0a bull bar closing below the middle of its range, it can be a sell signal bar for next week albeit weak.<\/li>\n\n\n\n
- The market remains in a 19-week trading range. The December 6 high could be an area of resistance.<\/li>\n\n\n\n
- Traders buying here could be buying near the high of the 19-week trading range, which is not an ideal setup.<\/li>\n\n\n\n
- Traders may BLSH (Buy Low, Sell High) within the trading range until there is a breakout from either direction with follow-through buying\/selling.<\/li>\n\n\n\n
- For now, traders will see if the bulls can create more follow-through buying breaking into new all-time territory.<\/li>\n\n\n\n
- Or will the market stall around the upper third of the trading range followed by a bear leg 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\/2025\/02\/Emini-Monthly-No-FT-Selling-Final-Flag-Forming.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- The\u00a0January monthly Emini candlestick<\/a> was a bull bar closing in its upper with a long tail below and a prominent tail above.<\/li>\n\n\n\n
- Last month<\/a>, we said that traders would see if the bears could create a follow-through bear bar, or if the market would trade slightly lower but stall and close with a long tail below or a bull body (poor follow-through selling) instead.<\/li>\n\n\n\n
- The market traded lower in the first half of the month but reversed sideways to up from mid-month onwards. The bears did not get strong follow-through selling.<\/li>\n\n\n\n
- The bulls created a large wedge pattern (Mar 21, Jul 16 and Dec 6) and an embedded wedge (Aug 30, Oct 17, and Dec 6).<\/li>\n\n\n\n
- They want the market to continue in a broad bull channel for months.<\/li>\n\n\n\n
- They want any pullback to be sideways and shallow (filled with weak bear bars, bull bars, doji(s) and overlapping candlesticks) and form a higher low or a double bottom bull flag with the September 6 or August 5 lows. They want the pullback to have poor follow-through selling. So far, this is the case.<\/li>\n\n\n\n
- The bulls want February to break into new all-time highs followed by a measured move based on the height of the recent sideways trading range.<\/li>\n\n\n\n
- The bears want a reversal from a wedge pattern (Mar 21, Jul 16 and Dec 6).<\/li>\n\n\n\n
- They traded below the December low but could not create sustained follow-through selling.<\/li>\n\n\n\n
- If the market trades higher, they hope the recent sideways trading range will be the final flag of the rally.<\/li>\n\n\n\n
- They must create credible selling pressure (strong bear bars with follow-through selling) to show they are back in control.<\/li>\n\n\n\n
- Since January\u2019s candlestick was a bull bar closing in its upper half, it can be a buy signal bar for February.<\/li>\n\n\n\n
- The move up since October 2023 has lasted a long time and is slightly climactic.<\/li>\n\n\n\n
- However, until the bears can create credible selling pressure, traders will not be willing to sell aggressively.<\/li>\n\n\n\n
- For now, traders will see if the bulls can create a breakout above the tight trading range and close February as a strong bull bar.<\/li>\n\n\n\n
- Or will the market continue to trade sideways within the trading range and breakout below instead?<\/li>\n<\/ul>\n\n\n\n
The Weekly<\/em> S&P 500 Emini chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n- \n
- This\u00a0week\u2019s\u00a0Emini candlestick\u00a0<\/a>was a bull bar closing below the middle of its range with a prominent tail above.<\/li>\n\n\n\n
- Last week<\/a>, we said the market may still trade a little higher. Traders would see if the bulls could create a follow-through bull bar breaking into new all-time territory, or if the market would stall around the December 6 high area instead.<\/li>\n\n\n\n
- The market gapped down on Monday followed by sideways to up trading. The weekly candlestick closed off its high following a pullback on Friday.<\/li>\n\n\n\n
- The bulls see the market as being in a broad bull channel and want the market to continue sideways to up for months.<\/li>\n\n\n\n
- They see the recent move (to Jan 13) as a two-legged pullback and want the market to resume higher from a double bottom bull flag (Nov 4 and Jan 13).<\/li>\n\n\n\n
- They want a breakout into new all-time highs followed by a measured move based on the height of the recent 19-week trading range.<\/li>\n\n\n\n
- They must continue to create sustained follow-through buying to increase the odds of a breakout into new all-time highs.<\/li>\n\n\n\n
- The bears got a two-legged pullback but the follow-through selling below the 20-week EMA was limited.<\/li>\n\n\n\n
- They see the current move as a retest of the prior trend extreme high (Dec 6) and a bull leg within the 19-week trading range.<\/li>\n\n\n\n
- They want a reversal from a double top (Dec 6 and Jan 24) and a lower high major trend reversal.<\/li>\n\n\n\n
- If the market trades higher, they want a failed breakout above the all-time high followed by a higher major trend reversal.<\/li>\n\n\n\n
- Since this\u00a0week\u2019s\u00a0candlestick is\u00a0a bull bar closing below the middle of its range, it can be a sell signal bar for next week albeit weak.<\/li>\n\n\n\n
- The market remains in a 19-week trading range. The December 6 high could be an area of resistance.<\/li>\n\n\n\n
- Traders buying here could be buying near the high of the 19-week trading range, which is not an ideal setup.<\/li>\n\n\n\n
- Traders may BLSH (Buy Low, Sell High) within the trading range until there is a breakout from either direction with follow-through buying\/selling.<\/li>\n\n\n\n
- For now, traders will see if the bulls can create more follow-through buying breaking into new all-time territory.<\/li>\n\n\n\n
- Or will the market stall around the upper third of the trading range followed by a bear leg 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 the market may still trade a little higher. Traders would see if the bulls could create a follow-through bull bar breaking into new all-time territory, or if the market would stall around the December 6 high area instead.<\/li>\n\n\n\n
- Last month<\/a>, we said that traders would see if the bears could create a follow-through bear bar, or if the market would trade slightly lower but stall and close with a long tail below or a bull body (poor follow-through selling) instead.<\/li>\n\n\n\n