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-Test-20-Week-EMA-Bulls-Want-Retest-High-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This week\u2019s E-mini candlestick was a bear bar closing in its lower half with a prominent tail below.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would watch whether bears could finally create strong follow-through selling \u2014 something they haven\u2019t managed since April \u2014 or if the pullback would continue to lack follow-through (overlapping bars).<\/li>\n\n\n\n
- Bears produced a follow-through bear bar testing the 20-week EMA. It is the first streak of four consecutive bear bodies since February.<\/li>\n\n\n\n
- They want a reversal from a wedge top (May 19, Jul 31, Oct 29).<\/li>\n\n\n\n
- They see the 6-week trading range as a final flag in the rally and want a pullback to the October 10 low area or the 20-week EMA. They achieved that this week.<\/li>\n\n\n\n
- They are looking for a TBTL (Ten Bars, Two Legs) pullback lasting several weeks.<\/li>\n\n\n\n
- If the market trades higher, they want it to form a lower high major trend reversal, followed by a second leg sideways to down.<\/li>\n\n\n\n
- Bears will need consecutive bear bars closing near their lows and breaking far below the 20-week EMA to show they are firmly in control.<\/li>\n\n\n\n
- Bulls see the current move as a pullback. 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 bull trend from a double bottom bull flag (Oct 10 and Nov 21).<\/li>\n\n\n\n
- The move up since the April 21 low has been a tight bull channel, reflecting persistent buying pressure.<\/li>\n\n\n\n
- The rally is slightly climactic and overbought; it may need a pullback before continuing higher. That pullback is underway.<\/li>\n\n\n\n
- If the market trades higher, traders will watch the strength of the move. If it is weak \u2014 overlapping bars, long tails above bars, dojis \u2014 and forms a lower high, the odds of a second leg sideways to down from a lower high major trend reversal will increase.<\/li>\n\n\n\n
- For now, traders will watch whether bears can create stronger follow-through selling and push price below the 20-week EMA.<\/li>\n\n\n\n
- Or will the pullback stall around the 20-week EMA, followed by a retest of the October 29 high instead?<\/li>\n\n\n\n
- At the moment, 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-Large-DB-Bull-Flag-Bears-Need-Strong-FT-Selling-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The market traded slightly lower early in the week, but follow-through selling was limited. On Thursday, it gapped up and tested the 20-day EMA but reversed into a big outside bear bar closing near its low. Friday dipped slightly lower but reversed into a bull bar with prominent tails.<\/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, we noted they would watch for the move to stall around the November 12 high and form a double top bear flag, followed by another sideways-to-down leg.<\/li>\n\n\n\n
- Bulls see the current move as a pullback within the bull trend and want it to remain weak and sideways \u2014 overlapping bars, dojis, long lower tails, and poor bear follow-through.<\/li>\n\n\n\n
- They hope the pullback has relieved the recent overbought conditions.<\/li>\n\n\n\n
- Bulls want the October 10 low and the 100-day EMA to act as support. If the market trades lower, they want the 200-day EMA to hold.<\/li>\n\n\n\n
- They want a retest and breakout above the October 29 high, followed by a continuation of the trend from a wedge bull flag (Nov 7, Nov 18, Nov 21) and a large double bottom bull flag (Nov 7 and Nov 21).<\/li>\n\n\n\n
- Bulls must create strong consecutive bull bars trading above the 20-day EMA to show they are taking back control.<\/li>\n\n\n\n
- Bears want a reversal from the 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 20-day EMA or the November 12 high, forming a larger double top bear flag.<\/li>\n\n\n\n
- They must produce strong consecutive bear bars closing near their lows and pushing far below the 20-day EMA and the October 10 low to signal that they are decisively in control.<\/li>\n\n\n\n
- Since September, the market has made new all-time highs but with more overlapping ranges \u2014 a sign of increasing two-sided trading and loss of momentum.<\/li>\n\n\n\n
- Traders will watch whether bears can create more follow-through selling. If the market trades higher, they will watch for the move to stall around the 20-day EMA or the November 12 high and form a larger double top bear flag, followed by another sideways-to-down leg.<\/li>\n\n\n\n
- Or will bulls generate a strong retest of the all-time high 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
![\"E-mini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/E-mini-Weekly-Test-20-Week-EMA-Bulls-Want-Retest-High.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- This week\u2019s E-mini candlestick was a bear bar closing in its lower half with a prominent tail below.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would watch whether bears could finally create strong follow-through selling \u2014 something they haven\u2019t managed since April \u2014 or if the pullback would continue to lack follow-through (overlapping bars).<\/li>\n\n\n\n
- Bears produced a follow-through bear bar testing the 20-week EMA. It is the first streak of four consecutive bear bodies since February.<\/li>\n\n\n\n
- They want a reversal from a wedge top (May 19, Jul 31, Oct 29).<\/li>\n\n\n\n
- They see the 6-week trading range as a final flag in the rally and want a pullback to the October 10 low area or the 20-week EMA. They achieved that this week.<\/li>\n\n\n\n
- They are looking for a TBTL (Ten Bars, Two Legs) pullback lasting several weeks.<\/li>\n\n\n\n
- If the market trades higher, they want it to form a lower high major trend reversal, followed by a second leg sideways to down.<\/li>\n\n\n\n
- Bears will need consecutive bear bars closing near their lows and breaking far below the 20-week EMA to show they are firmly in control.<\/li>\n\n\n\n
- Bulls see the current move as a pullback. 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 bull trend from a double bottom bull flag (Oct 10 and Nov 21).<\/li>\n\n\n\n
- The move up since the April 21 low has been a tight bull channel, reflecting persistent buying pressure.<\/li>\n\n\n\n
- The rally is slightly climactic and overbought; it may need a pullback before continuing higher. That pullback is underway.<\/li>\n\n\n\n
- If the market trades higher, traders will watch the strength of the move. If it is weak \u2014 overlapping bars, long tails above bars, dojis \u2014 and forms a lower high, the odds of a second leg sideways to down from a lower high major trend reversal will increase.<\/li>\n\n\n\n
- For now, traders will watch whether bears can create stronger follow-through selling and push price below the 20-week EMA.<\/li>\n\n\n\n
- Or will the pullback stall around the 20-week EMA, followed by a retest of the October 29 high instead?<\/li>\n\n\n\n
- At the moment, 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 traded slightly lower early in the week, but follow-through selling was limited. On Thursday, it gapped up and tested the 20-day EMA but reversed into a big outside bear bar closing near its low. Friday dipped slightly lower but reversed into a bull bar with prominent tails.<\/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, we noted they would watch for the move to stall around the November 12 high and form a double top bear flag, followed by another sideways-to-down leg.<\/li>\n\n\n\n
- Bulls see the current move as a pullback within the bull trend and want it to remain weak and sideways \u2014 overlapping bars, dojis, long lower tails, and poor bear follow-through.<\/li>\n\n\n\n
- They hope the pullback has relieved the recent overbought conditions.<\/li>\n\n\n\n
- Bulls want the October 10 low and the 100-day EMA to act as support. If the market trades lower, they want the 200-day EMA to hold.<\/li>\n\n\n\n
- They want a retest and breakout above the October 29 high, followed by a continuation of the trend from a wedge bull flag (Nov 7, Nov 18, Nov 21) and a large double bottom bull flag (Nov 7 and Nov 21).<\/li>\n\n\n\n
- Bulls must create strong consecutive bull bars trading above the 20-day EMA to show they are taking back control.<\/li>\n\n\n\n
- Bears want a reversal from the 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 20-day EMA or the November 12 high, forming a larger double top bear flag.<\/li>\n\n\n\n
- They must produce strong consecutive bear bars closing near their lows and pushing far below the 20-day EMA and the October 10 low to signal that they are decisively in control.<\/li>\n\n\n\n
- Since September, the market has made new all-time highs but with more overlapping ranges \u2014 a sign of increasing two-sided trading and loss of momentum.<\/li>\n\n\n\n
- Traders will watch whether bears can create more follow-through selling. If the market trades higher, they will watch for the move to stall around the 20-day EMA or the November 12 high and form a larger double top bear flag, followed by another sideways-to-down leg.<\/li>\n\n\n\n
- Or will bulls generate a strong retest of the all-time high 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