S&P500 E-mini futures<\/h2>\n\n\n\nThe Monthly<\/em> E-mini chart<\/h3>\n\n\n\n![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/Emini-Monthly-Bulls-Want-BO-Bears-Need-Strong-Bear-Bars-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The January monthly E-mini candlestick was a bull doji closing in the upper half of its range, with a small upper tail and a prominent lower tail.<\/li>\n\n\n\n
- Last month<\/a>, we said traders would watch whether bulls could break above the October 29 high with follow-through buying or whether the market would continue to stall and retest the November low.<\/li>\n\n\n\n
- The market barely made a new all-time high and mostly overlapped within December\u2019s range.<\/li>\n\n\n\n
- Bulls maintained a tight bull channel from the April 7 low, showing persistent buying pressure.<\/li>\n\n\n\n
- Bulls expected at least a small sideways-to-up leg to retest the prior trend extreme high (October 29) after the November pullback, which is underway.<\/li>\n\n\n\n
- They want a resumption of the bull trend with a measured move to 7,400 based on the height of the recent trading range.<\/li>\n\n\n\n
- Bulls need a strong breakout above the October 29 high with sustained follow-through buying to resume the trend.<\/li>\n\n\n\n
- If the market trades lower, bulls want the January or December lows to act as support, forming a higher low and a double bottom bull flag with the November low.<\/li>\n\n\n\n
- Bears want a reversal from a large wedge top (July 27, December 6, and October 29) and a small double top (October 29 and January 28).<\/li>\n\n\n\n
- Bears see the recent sideways overlapping candlesticks as a possible final flag.<\/li>\n\n\n\n
- The lack of strong bear bars with follow-through selling remains a problem for the bears.<\/li>\n\n\n\n
- Bears need consecutive strong bear bars closing near their lows to show they are regaining control.<\/li>\n\n\n\n
- If the market trades higher, bears want any breakout above the all-time high to be weak and result in a failed breakout.<\/li>\n\n\n\n
- The rally from the April 7 low remains in a tight bull channel, indicating persistent buying.<\/li>\n\n\n\n
- The market is Always In Long.<\/li>\n\n\n\n
- While the rally appears climactic and overbought, traders will only sell aggressively if bears produce strong bars with sustained follow-through that flip the market into Always In Short.<\/li>\n\n\n\n
- For now, traders will watch whether bulls can break above the sideways trading range with follow-through buying, or whether the market continues to stall near the all-time high and pull back in the months ahead.<\/li>\n<\/ul>\n\n\n\n
The Weekly<\/em> S&P 500 E-mini chart<\/h3>\n\n\n\n![\"E-mini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/E-mini-Weekly-Bears-Need-Strong-Bear-Bars-Bulls-Want-Breakout-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This week\u2019s E-mini candlestick was a bull doji closing near the middle of its range with prominent tails. A doji is a 1-bar trading range.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would watch whether bulls could produce further follow-through buying to new all-time highs or whether the market would continue to stall around the October 29 high area, followed by bear bars in the weeks ahead.<\/li>\n\n\n\n
- The market barely made a new all-time high, and the week was mostly sideways, with both bulls and bears active.<\/li>\n\n\n\n
- Bears see three pushes up (December 11, December 26, and January 12), forming a wedge top, a double top (October and January 28) and a smaller double top (January 12 and January 28).<\/li>\n\n\n\n
- Bears want the October 29 high area to act as resistance. If the market trades higher, they hope follow-through buying will be weak, resulting in a failed breakout.<\/li>\n\n\n\n
- They see a Low 4 sell setup forming. Bears need a strong bear entry bar closing near its low, followed by sustained follow-through selling, to increase the odds of a deeper pullback.<\/li>\n\n\n\n
- Bears need consecutive strong bear bars breaking well below the 20-week EMA to show control.<\/li>\n\n\n\n
- Bulls see the recent pullback as forming a larger double bottom bull flag (December 17 and January 20).<\/li>\n\n\n\n
- The last 14 candlesticks still have the shape of an ascending triangle, with pullbacks forming higher lows (December 17 and January 20).<\/li>\n\n\n\n
- Bulls need a strong breakout with sustained follow-through buying above the January 28 high to increase the odds of a trend resumption, with a measured move target near 7,400 based on the height of the recent trading range.<\/li>\n\n\n\n
- If the market trades lower, bulls want the 20-week EMA to act as support, forming another higher low and trapping eager bears selling the Low 4 setup.<\/li>\n\n\n\n
- The market has been trading in a tight range over the past 9 weeks.<\/li>\n\n\n\n
- This week\u2019s doji further reflects a balance between bulls and bears.<\/li>\n\n\n\n
- The market could continue to trade sideways in the near term.<\/li>\n\n\n\n
- For now, traders will watch whether bulls can produce further follow-through buying and break strongly to new all-time highs.<\/li>\n\n\n\n
- Or whether the market continues to stall around the current high area, followed by bear bars breaking below the 20-week EMA in the weeks ahead instead.<\/li>\n\n\n\n
- Traders will wait for a strong breakout with sustained follow-through, either above the ascending triangle or below the Low 4 sell setup, before trading aggressively.<\/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
![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/Emini-Monthly-Bulls-Want-BO-Bears-Need-Strong-Bear-Bars.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- The January monthly E-mini candlestick was a bull doji closing in the upper half of its range, with a small upper tail and a prominent lower tail.<\/li>\n\n\n\n
- Last month<\/a>, we said traders would watch whether bulls could break above the October 29 high with follow-through buying or whether the market would continue to stall and retest the November low.<\/li>\n\n\n\n
- The market barely made a new all-time high and mostly overlapped within December\u2019s range.<\/li>\n\n\n\n
- Bulls maintained a tight bull channel from the April 7 low, showing persistent buying pressure.<\/li>\n\n\n\n
- Bulls expected at least a small sideways-to-up leg to retest the prior trend extreme high (October 29) after the November pullback, which is underway.<\/li>\n\n\n\n
- They want a resumption of the bull trend with a measured move to 7,400 based on the height of the recent trading range.<\/li>\n\n\n\n
- Bulls need a strong breakout above the October 29 high with sustained follow-through buying to resume the trend.<\/li>\n\n\n\n
- If the market trades lower, bulls want the January or December lows to act as support, forming a higher low and a double bottom bull flag with the November low.<\/li>\n\n\n\n
- Bears want a reversal from a large wedge top (July 27, December 6, and October 29) and a small double top (October 29 and January 28).<\/li>\n\n\n\n
- Bears see the recent sideways overlapping candlesticks as a possible final flag.<\/li>\n\n\n\n
- The lack of strong bear bars with follow-through selling remains a problem for the bears.<\/li>\n\n\n\n
- Bears need consecutive strong bear bars closing near their lows to show they are regaining control.<\/li>\n\n\n\n
- If the market trades higher, bears want any breakout above the all-time high to be weak and result in a failed breakout.<\/li>\n\n\n\n
- The rally from the April 7 low remains in a tight bull channel, indicating persistent buying.<\/li>\n\n\n\n
- The market is Always In Long.<\/li>\n\n\n\n
- While the rally appears climactic and overbought, traders will only sell aggressively if bears produce strong bars with sustained follow-through that flip the market into Always In Short.<\/li>\n\n\n\n
- For now, traders will watch whether bulls can break above the sideways trading range with follow-through buying, or whether the market continues to stall near the all-time high and pull back in the months ahead.<\/li>\n<\/ul>\n\n\n\n
The Weekly<\/em> S&P 500 E-mini chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n- \n
- This week\u2019s E-mini candlestick was a bull doji closing near the middle of its range with prominent tails. A doji is a 1-bar trading range.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would watch whether bulls could produce further follow-through buying to new all-time highs or whether the market would continue to stall around the October 29 high area, followed by bear bars in the weeks ahead.<\/li>\n\n\n\n
- The market barely made a new all-time high, and the week was mostly sideways, with both bulls and bears active.<\/li>\n\n\n\n
- Bears see three pushes up (December 11, December 26, and January 12), forming a wedge top, a double top (October and January 28) and a smaller double top (January 12 and January 28).<\/li>\n\n\n\n
- Bears want the October 29 high area to act as resistance. If the market trades higher, they hope follow-through buying will be weak, resulting in a failed breakout.<\/li>\n\n\n\n
- They see a Low 4 sell setup forming. Bears need a strong bear entry bar closing near its low, followed by sustained follow-through selling, to increase the odds of a deeper pullback.<\/li>\n\n\n\n
- Bears need consecutive strong bear bars breaking well below the 20-week EMA to show control.<\/li>\n\n\n\n
- Bulls see the recent pullback as forming a larger double bottom bull flag (December 17 and January 20).<\/li>\n\n\n\n
- The last 14 candlesticks still have the shape of an ascending triangle, with pullbacks forming higher lows (December 17 and January 20).<\/li>\n\n\n\n
- Bulls need a strong breakout with sustained follow-through buying above the January 28 high to increase the odds of a trend resumption, with a measured move target near 7,400 based on the height of the recent trading range.<\/li>\n\n\n\n
- If the market trades lower, bulls want the 20-week EMA to act as support, forming another higher low and trapping eager bears selling the Low 4 setup.<\/li>\n\n\n\n
- The market has been trading in a tight range over the past 9 weeks.<\/li>\n\n\n\n
- This week\u2019s doji further reflects a balance between bulls and bears.<\/li>\n\n\n\n
- The market could continue to trade sideways in the near term.<\/li>\n\n\n\n
- For now, traders will watch whether bulls can produce further follow-through buying and break strongly to new all-time highs.<\/li>\n\n\n\n
- Or whether the market continues to stall around the current high area, followed by bear bars breaking below the 20-week EMA in the weeks ahead instead.<\/li>\n\n\n\n
- Traders will wait for a strong breakout with sustained follow-through, either above the ascending triangle or below the Low 4 sell setup, before trading aggressively.<\/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