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\/12\/E-mini-Weekly-Bears-Need-FT-Selling-Bulls-Want-2nd-Leg-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This week\u2019s E-mini candlestick was an outside bear bar closing in its lower half, with a small tail below.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would watch whether bulls could create more follow-through buying, or whether the market would stall near the November 12 high.<\/li>\n\n\n\n
- So far, the market is forming a lower high and stalling around the November 12 high area.<\/li>\n\n\n\n
- Bears created the first streak of four consecutive bear bodies since February, testing the 20-week EMA in November.<\/li>\n\n\n\n
- They see the current rally as a retest of the prior trend extreme high (Oct 29) and want it to be weak \u2014 with overlapping bars and poor follow-through.<\/li>\n\n\n\n
- They hope the market stalls near the November 12 high area, forming a double top bear flag (Nov 12 and Dec 11) and a lower high major trend reversal.<\/li>\n\n\n\n
- They are looking for a second leg sideways to down to retest the November 21 low.<\/li>\n\n\n\n
- If the market trades higher, bears want a failed breakout above the October 29 high and a higher high major trend reversal.<\/li>\n\n\n\n
- Bears need strong follow-through selling to increase the odds of testing the 20-week EMA.<\/li>\n\n\n\n
- Bulls see the recent selloff (Nov 21) as a pullback that has alleviated overbought conditions.<\/li>\n\n\n\n
- Bulls 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
- If the market trades lower, bulls want the 20-week EMA to act as support, forming a wedge bull flag, with the first two legs being Oct 10 and Nov 21.<\/li>\n\n\n\n
- Bulls need strong follow-through buying breaking above the October 29 high to increase the odds of trend continuation.<\/li>\n\n\n\n
- The recent pullback to the 20-week EMA (Nov 21) has traders asking whether overbought conditions have been sufficiently worked off.<\/li>\n\n\n\n
- Traders will watch the strength of the retest of the all-time high. Will it be strong, with follow-through buying pushing into new all-time highs, or weak \u2014 with overlapping bars, long upper tails, and dojis \u2014 forming a lower high instead?<\/li>\n\n\n\n
- For now, traders will watch whether bears can create a follow-through bear bar, or whether the market lacks follow-through selling and instead retests the all-time high in the weeks ahead.<\/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\/12\/E-mini-Daily-LH-MTR-DT-Bear-Flag-Bears-Need-FT-Selling-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The market traded slightly higher on Wednesday, with some follow-through buying on Thursday. Friday traded lower to retest the 20-day EMA.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would watch whether bulls could generate a strong retest and breakout above the all-time high (Oct 29), or whether the move would stall around the November 12 high, followed by a second leg sideways to down to retest the November 21 low.<\/li>\n\n\n\n
- So far, the market is stalling around the November 12 high area.<\/li>\n\n\n\n
- Bulls hope the November 21 pullback has relieved overbought conditions.<\/li>\n\n\n\n
- They got a retest near the all-time high from a wedge bull flag (Nov 7, Nov 18, Nov 21) and a large double bottom bull flag (Oct 10 and Nov 21).<\/li>\n\n\n\n
- Bulls want the 20-day EMA to act as support, forming a higher low relative to November 21 and a wedge bull flag, with the first two legs on Oct 10 and Nov 21.<\/li>\n\n\n\n
- Bulls must create a strong retest and breakout above the October 29 high with sustained follow-through buying to increase the odds of trend resumption.<\/li>\n\n\n\n
- Bears got a pullback 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
- Bears see the current rally as a retest of the prior trend extreme high (Oct 29) and want it to stall around the November 12 high, forming a double top bear flag (Nov 12 and Dec 11) and a larger lower high major trend reversal.<\/li>\n\n\n\n
- If the market trades higher, bears want a failed breakout above the all-time high (Oct 29) and a reversal from a higher high major trend reversal.<\/li>\n\n\n\n
- Bears must produce consecutive strong bear bars closing near their lows and pushing far below the 20-day EMA to signal decisive control.<\/li>\n\n\n\n
- Since September, the market has made new all-time highs with increasingly overlapping ranges, a sign of more two-sided trading and reduced momentum.<\/li>\n\n\n\n
- Traders will watch whether bears can create follow-through selling below the 20-day EMA, or whether the move stalls around the 20-day EMA and is followed by a second leg sideways to up instead.<\/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 outside bear bar closing in its lower half, with a small tail below.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would watch whether bulls could create more follow-through buying, or whether the market would stall near the November 12 high.<\/li>\n\n\n\n
- So far, the market is forming a lower high and stalling around the November 12 high area.<\/li>\n\n\n\n
- Bears created the first streak of four consecutive bear bodies since February, testing the 20-week EMA in November.<\/li>\n\n\n\n
- They see the current rally as a retest of the prior trend extreme high (Oct 29) and want it to be weak \u2014 with overlapping bars and poor follow-through.<\/li>\n\n\n\n
- They hope the market stalls near the November 12 high area, forming a double top bear flag (Nov 12 and Dec 11) and a lower high major trend reversal.<\/li>\n\n\n\n
- They are looking for a second leg sideways to down to retest the November 21 low.<\/li>\n\n\n\n
- If the market trades higher, bears want a failed breakout above the October 29 high and a higher high major trend reversal.<\/li>\n\n\n\n
- Bears need strong follow-through selling to increase the odds of testing the 20-week EMA.<\/li>\n\n\n\n
- Bulls see the recent selloff (Nov 21) as a pullback that has alleviated overbought conditions.<\/li>\n\n\n\n
- Bulls 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
- If the market trades lower, bulls want the 20-week EMA to act as support, forming a wedge bull flag, with the first two legs being Oct 10 and Nov 21.<\/li>\n\n\n\n
- Bulls need strong follow-through buying breaking above the October 29 high to increase the odds of trend continuation.<\/li>\n\n\n\n
- The recent pullback to the 20-week EMA (Nov 21) has traders asking whether overbought conditions have been sufficiently worked off.<\/li>\n\n\n\n
- Traders will watch the strength of the retest of the all-time high. Will it be strong, with follow-through buying pushing into new all-time highs, or weak \u2014 with overlapping bars, long upper tails, and dojis \u2014 forming a lower high instead?<\/li>\n\n\n\n
- For now, traders will watch whether bears can create a follow-through bear bar, or whether the market lacks follow-through selling and instead retests the all-time high in the weeks ahead.<\/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 higher on Wednesday, with some follow-through buying on Thursday. Friday traded lower to retest the 20-day EMA.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would watch whether bulls could generate a strong retest and breakout above the all-time high (Oct 29), or whether the move would stall around the November 12 high, followed by a second leg sideways to down to retest the November 21 low.<\/li>\n\n\n\n
- So far, the market is stalling around the November 12 high area.<\/li>\n\n\n\n
- Bulls hope the November 21 pullback has relieved overbought conditions.<\/li>\n\n\n\n
- They got a retest near the all-time high from a wedge bull flag (Nov 7, Nov 18, Nov 21) and a large double bottom bull flag (Oct 10 and Nov 21).<\/li>\n\n\n\n
- Bulls want the 20-day EMA to act as support, forming a higher low relative to November 21 and a wedge bull flag, with the first two legs on Oct 10 and Nov 21.<\/li>\n\n\n\n
- Bulls must create a strong retest and breakout above the October 29 high with sustained follow-through buying to increase the odds of trend resumption.<\/li>\n\n\n\n
- Bears got a pullback 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
- Bears see the current rally as a retest of the prior trend extreme high (Oct 29) and want it to stall around the November 12 high, forming a double top bear flag (Nov 12 and Dec 11) and a larger lower high major trend reversal.<\/li>\n\n\n\n
- If the market trades higher, bears want a failed breakout above the all-time high (Oct 29) and a reversal from a higher high major trend reversal.<\/li>\n\n\n\n
- Bears must produce consecutive strong bear bars closing near their lows and pushing far below the 20-day EMA to signal decisive control.<\/li>\n\n\n\n
- Since September, the market has made new all-time highs with increasingly overlapping ranges, a sign of more two-sided trading and reduced momentum.<\/li>\n\n\n\n
- Traders will watch whether bears can create follow-through selling below the 20-day EMA, or whether the move stalls around the 20-day EMA and is followed by a second leg sideways to up instead.<\/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