S&P500 E-mini futures<\/h2>\n\n\n\nThe Weekly<\/em> S&P 500 E-mini chart<\/h3>\n\n\n\n![\"E-mini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/E-mini-Weekly-Overlapping-Candlesticks-Bears-Need-FT-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This week\u2019s E-mini candlestick was an inside bear bar closing around the middle of its range, with long tails.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would watch if bears could create sustained follow-through selling \u2014 something they haven\u2019t done since April \u2014 or if the pullback would again lack follow-through selling (overlapping candlesticks).<\/li>\n\n\n\n
- Bears failed to get strong follow-through selling, and the market formed another overlapping candlestick. However, this is the first streak of 3 consecutive bear bodies since February, showing slightly more two-sided trading since the April low.<\/li>\n\n\n\n
- Bears want a reversal from a wedge top (May 19, Jul 31, Oct 29).<\/li>\n\n\n\n
- They see the recent 6-week trading range as a possible final flag in the rally and want a pullback to the October 10 low area or the 20-week EMA.<\/li>\n\n\n\n
- They are looking for a TBTL (Ten Bars, Two Legs) pullback lasting a few weeks.<\/li>\n\n\n\n
- If the market trades higher, they want it to stall around the October 29 high area, forming a double top.<\/li>\n\n\n\n
- They will need consecutive bear bars closing near their lows to show they are in control.<\/li>\n\n\n\n
- Bulls broke above the 6-week trading range, reaching and exceeding the 6,900 round number target in October.<\/li>\n\n\n\n
- They see the current move as a pullback and want it to remain weak, with limited follow-through selling, like all recent pullbacks \u2014 and so far, that remains the case.<\/li>\n\n\n\n
- They want the October 10 low and the 20-week EMA to act as support.<\/li>\n\n\n\n
- They want a retest and breakout above the October 29 high, followed by a resumption of the trend from a double bottom bull flag (Oct 10 and Nov 7).<\/li>\n\n\n\n
- The move up since the Apr 21 low has been a tight bull channel, indicating persistent buying pressure.<\/li>\n\n\n\n
- The rally is slightly climactic and overbought; it may need to form a pullback before pushing higher. The pullback phase is underway, but not particularly strong.<\/li>\n\n\n\n
- Bears still need strong consecutive bear bars before traders will sell aggressively.<\/li>\n\n\n\n
- The lack of strong follow-through selling this week shows bears are not yet strong.<\/li>\n\n\n\n
- Traders will watch if bears can finally create strong follow-through selling \u2014 something they haven\u2019t managed since April.<\/li>\n\n\n\n
- Or will the pullback continue to lack follow-through selling (overlapping bars), followed by a retest and breakout into a new all-time high in the weeks ahead?<\/li>\n\n\n\n
- For now, odds slightly favor the pullback being minor.<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> S&P 500 E-mini chart<\/h3>\n\n\n\n![\"E-mini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/E-mini-Daily-DB-BF-Wedge-BF-Bears-Want-Lower-High-MTR-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The market gapped up above the 20-day EMA on Monday, followed by sideways to up trading in the first half of the week. Thursday traded lower, closing below the 20-day EMA. Friday gapped down to retest the November 7 low but reversed to close as a bull bar with a prominent tail above.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would watch whether bears could create more follow-through selling. If the market traded higher, traders would watch whether the move formed a lower high followed by a second leg sideways to down.<\/li>\n\n\n\n
- The market traded higher, forming a lower high and then a second leg sideways to down.<\/li>\n\n\n\n
- Bulls reached and exceeded the 6,900 round number target in October.<\/li>\n\n\n\n
- They see the current move as a pullback within the bull trend and want it to remain weak and sideways (overlapping candlesticks, dojis, long tails below).<\/li>\n\n\n\n
- They want the October 10 low or the bull trend line to act as support.<\/li>\n\n\n\n
- They want a retest and breakout above the October 29 high, followed by a resumption of the trend from a wedge bull flag (Oct 10, Nov 7, Nov 14) and a double bottom bull flag (Nov 7 and Nov 14).<\/li>\n\n\n\n
- They hope the two-legged pullback has eased the recent overbought conditions.<\/li>\n\n\n\n
- Bears want a reversal from a large wedge pattern (May 19, Jul 31, Oct 29) and a lower-high major trend reversal (Nov 12).<\/li>\n\n\n\n
- If the market trades higher, bears want it to stall around the November 12 high, forming a double top bear flag.<\/li>\n\n\n\n
- They must create strong consecutive bear bars closing near their lows, trading far below the 20-day EMA and the October 10 low, to signal control.<\/li>\n\n\n\n
- The move from the April 21 low remains a tight bull channel, showing a strong trend.<\/li>\n\n\n\n
- The moves since September have more overlapping ranges despite new all-time highs \u2014 a sign of more two-sided trading and loss of momentum.<\/li>\n\n\n\n
- The market is slightly overbought and climactic, but without strong consecutive bear bars, traders will not sell aggressively.<\/li>\n\n\n\n
- Traders will watch whether bears can create more follow-through selling. If the market trades higher, they will see if the move stalls around the November 12 high and forms a double top bear flag, followed by another sideways-to-down leg.<\/li>\n\n\n\n
- Or will the pullback continue to lack strong follow-through selling, leading to a strong retest of the October 29 high in the weeks ahead instead?<\/li>\n\n\n\n
- For now, odds slightly favor the pullback being minor.<\/li>\n<\/ul>\n\n\n\n
Trading room<\/h2>\n\n\n\n
Al Brooks and other presenters talk about the detailed E-mini price action real-time each day in the Brooks Trading Course 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
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- This week\u2019s E-mini candlestick was an inside bear bar closing around the middle of its range, with long tails.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would watch if bears could create sustained follow-through selling \u2014 something they haven\u2019t done since April \u2014 or if the pullback would again lack follow-through selling (overlapping candlesticks).<\/li>\n\n\n\n
- Bears failed to get strong follow-through selling, and the market formed another overlapping candlestick. However, this is the first streak of 3 consecutive bear bodies since February, showing slightly more two-sided trading since the April low.<\/li>\n\n\n\n
- Bears want a reversal from a wedge top (May 19, Jul 31, Oct 29).<\/li>\n\n\n\n
- They see the recent 6-week trading range as a possible final flag in the rally and want a pullback to the October 10 low area or the 20-week EMA.<\/li>\n\n\n\n
- They are looking for a TBTL (Ten Bars, Two Legs) pullback lasting a few weeks.<\/li>\n\n\n\n
- If the market trades higher, they want it to stall around the October 29 high area, forming a double top.<\/li>\n\n\n\n
- They will need consecutive bear bars closing near their lows to show they are in control.<\/li>\n\n\n\n
- Bulls broke above the 6-week trading range, reaching and exceeding the 6,900 round number target in October.<\/li>\n\n\n\n
- They see the current move as a pullback and want it to remain weak, with limited follow-through selling, like all recent pullbacks \u2014 and so far, that remains the case.<\/li>\n\n\n\n
- They want the October 10 low and the 20-week EMA to act as support.<\/li>\n\n\n\n
- They want a retest and breakout above the October 29 high, followed by a resumption of the trend from a double bottom bull flag (Oct 10 and Nov 7).<\/li>\n\n\n\n
- The move up since the Apr 21 low has been a tight bull channel, indicating persistent buying pressure.<\/li>\n\n\n\n
- The rally is slightly climactic and overbought; it may need to form a pullback before pushing higher. The pullback phase is underway, but not particularly strong.<\/li>\n\n\n\n
- Bears still need strong consecutive bear bars before traders will sell aggressively.<\/li>\n\n\n\n
- The lack of strong follow-through selling this week shows bears are not yet strong.<\/li>\n\n\n\n
- Traders will watch if bears can finally create strong follow-through selling \u2014 something they haven\u2019t managed since April.<\/li>\n\n\n\n
- Or will the pullback continue to lack follow-through selling (overlapping bars), followed by a retest and breakout into a new all-time high in the weeks ahead?<\/li>\n\n\n\n
- For now, odds slightly favor the pullback being minor.<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> S&P 500 E-mini chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n- \n
- The market gapped up above the 20-day EMA on Monday, followed by sideways to up trading in the first half of the week. Thursday traded lower, closing below the 20-day EMA. Friday gapped down to retest the November 7 low but reversed to close as a bull bar with a prominent tail above.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would watch whether bears could create more follow-through selling. If the market traded higher, traders would watch whether the move formed a lower high followed by a second leg sideways to down.<\/li>\n\n\n\n
- The market traded higher, forming a lower high and then a second leg sideways to down.<\/li>\n\n\n\n
- Bulls reached and exceeded the 6,900 round number target in October.<\/li>\n\n\n\n
- They see the current move as a pullback within the bull trend and want it to remain weak and sideways (overlapping candlesticks, dojis, long tails below).<\/li>\n\n\n\n
- They want the October 10 low or the bull trend line to act as support.<\/li>\n\n\n\n
- They want a retest and breakout above the October 29 high, followed by a resumption of the trend from a wedge bull flag (Oct 10, Nov 7, Nov 14) and a double bottom bull flag (Nov 7 and Nov 14).<\/li>\n\n\n\n
- They hope the two-legged pullback has eased the recent overbought conditions.<\/li>\n\n\n\n
- Bears want a reversal from a large wedge pattern (May 19, Jul 31, Oct 29) and a lower-high major trend reversal (Nov 12).<\/li>\n\n\n\n
- If the market trades higher, bears want it to stall around the November 12 high, forming a double top bear flag.<\/li>\n\n\n\n
- They must create strong consecutive bear bars closing near their lows, trading far below the 20-day EMA and the October 10 low, to signal control.<\/li>\n\n\n\n
- The move from the April 21 low remains a tight bull channel, showing a strong trend.<\/li>\n\n\n\n
- The moves since September have more overlapping ranges despite new all-time highs \u2014 a sign of more two-sided trading and loss of momentum.<\/li>\n\n\n\n
- The market is slightly overbought and climactic, but without strong consecutive bear bars, traders will not sell aggressively.<\/li>\n\n\n\n
- Traders will watch whether bears can create more follow-through selling. If the market trades higher, they will see if the move stalls around the November 12 high and forms a double top bear flag, followed by another sideways-to-down leg.<\/li>\n\n\n\n
- Or will the pullback continue to lack strong follow-through selling, leading to a strong retest of the October 29 high in the weeks ahead instead?<\/li>\n\n\n\n
- For now, odds slightly favor the pullback being minor.<\/li>\n<\/ul>\n\n\n\n
Trading room<\/h2>\n\n\n\n
Al Brooks and other presenters talk about the detailed E-mini price action real-time each day in the Brooks Trading Course 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