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\/2026\/03\/E-mini-Weekly-Breakout-Below-Larger-Trading-Range-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This week\u2019s Emini candlestick is a strong bear bar closing near its low, with a small tail below.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would watch whether bears could generate a strong breakout below the November low with sustained follow-through selling, or if the market would find support there and pull back to retest the middle of the range around the 20-week EMA.<\/li>\n\n\n\n
- The market traded higher early in the week but reversed midweek, breaking strongly below the November low on Friday.<\/li>\n\n\n\n
- Bears achieved a breakout below the tight trading range and a measured move target near 6,500 based on the height of the 13-week range.<\/li>\n\n\n\n
- Next, they want a larger measured move based on the broader range (November 21 low to January 28 high), projecting toward the 6,200 area.<\/li>\n\n\n\n
- Bears got a strong breakout below the November low this week and need to generate sustained follow-through selling to confirm the breakout.<\/li>\n\n\n\n
- They hope the market has flipped into Always In Short.<\/li>\n\n\n\n
- Bears want any pullback to be weak, forming lower highs and continuing the 4-bar bear microchannel.<\/li>\n\n\n\n
- If the market trades higher, they want the 20-week EMA to act as resistance, forming a lower high major trend reversal followed by a second leg sideways to down.<\/li>\n\n\n\n
- Bulls see the move as a deep pullback testing the December 6, 2024 breakout point and want this area to act as support.<\/li>\n\n\n\n
- They want the breakout below the November low to be brief and lack follow-through selling, resulting in a failed breakout.<\/li>\n\n\n\n
- Bulls need consecutive strong bull bars to show they have regained control.<\/li>\n\n\n\n
- So far, the market continues to trade lower with follow-through selling below the 20-week EMA.<\/li>\n\n\n\n
- This week formed a strong bear breakout bar below the November low.<\/li>\n\n\n\n
- Because it is a bear bar closing near its low, the market could gap down next week. Small gaps often close early.<\/li>\n\n\n\n
- If a gap remains open, it may signal bearish strength and form a possible measuring gap.<\/li>\n\n\n\n
- Traders are watching whether bears can generate strong follow-through selling next week. If they do, the odds of a larger sustained move lower increase.<\/li>\n\n\n\n
- Or will the move lack follow-through selling, followed by a pullback to retest the 20-week EMA in the weeks ahead instead?<\/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\/2026\/03\/E-mini-Daily-Breakout-Below-Larger-Trading-Range-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The market gapped up and traded higher early in the week but did not reach the 20-day EMA. It then reversed midweek and broke below the November low.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would watch whether bears could generate a strong breakout below the November low and the 200-day EMA with sustained follow-through, or if the market would stall around that area.<\/li>\n\n\n\n
- Bulls want the November 21 low or the 200-day EMA to act as support.<\/li>\n\n\n\n
- They want the breakout below the November 21 low to be brief and lack follow-through, resulting in a failed breakout.<\/li>\n\n\n\n
- Bulls see a wedge pattern (March 3, March 9, and March 20) and a trend channel line overshoot (March 20).<\/li>\n\n\n\n
- They want at least a two-legged sideways to up pullback to the 20-day EMA.<\/li>\n\n\n\n
- If the market trades lower, they want the August 1 low to act as support.<\/li>\n\n\n\n
- Bulls need consecutive strong bull bars to show they have regained control.<\/li>\n\n\n\n
- Bears got a strong breakout below the 13-week tight trading range, with a measured move target near 6,500 based on the range height.<\/li>\n\n\n\n
- Next, bears want a larger measured move based on the broader range (November 21 low to January 28 high), projecting toward the 6,200 area.<\/li>\n\n\n\n
- Bears want the market to continue forming lower highs, with the 20-day EMA acting as resistance, which is the case so far.<\/li>\n\n\n\n
- If the market trades higher, bears want a weak pullback \u2014 overlapping candles with prominent upper tails \u2014 forming a lower high major trend reversal and a larger second leg sideways to down.<\/li>\n\n\n\n
- Bears need follow-through selling after Friday\u2019s breakout below the November low to increase the odds of a sustained move.<\/li>\n\n\n\n
- The leg down from the March 17 high formed consecutive micro gaps with little overlap, indicating accelerating selling pressure.<\/li>\n\n\n\n
- The market may have flipped into Always In Short.<\/li>\n\n\n\n
- Traders are watching whether bears can generate sustained follow-through selling after the breakout below the November low and the 200-day EMA, or if the market quickly reverses back into the trading range.<\/li>\n\n\n\n
- If the market trades higher but continues forming slightly lower highs \u2014 with prominent bear bars, weak bull bars, and tails above, stalling around the 20-day EMA \u2014 the odds of a downside breakout increase. This remains the case so far.<\/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\/2026\/03\/E-mini-Weekly-Breakout-Below-Larger-Trading-Range.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- This week\u2019s Emini candlestick is a strong bear bar closing near its low, with a small tail below.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would watch whether bears could generate a strong breakout below the November low with sustained follow-through selling, or if the market would find support there and pull back to retest the middle of the range around the 20-week EMA.<\/li>\n\n\n\n
- The market traded higher early in the week but reversed midweek, breaking strongly below the November low on Friday.<\/li>\n\n\n\n
- Bears achieved a breakout below the tight trading range and a measured move target near 6,500 based on the height of the 13-week range.<\/li>\n\n\n\n
- Next, they want a larger measured move based on the broader range (November 21 low to January 28 high), projecting toward the 6,200 area.<\/li>\n\n\n\n
- Bears got a strong breakout below the November low this week and need to generate sustained follow-through selling to confirm the breakout.<\/li>\n\n\n\n
- They hope the market has flipped into Always In Short.<\/li>\n\n\n\n
- Bears want any pullback to be weak, forming lower highs and continuing the 4-bar bear microchannel.<\/li>\n\n\n\n
- If the market trades higher, they want the 20-week EMA to act as resistance, forming a lower high major trend reversal followed by a second leg sideways to down.<\/li>\n\n\n\n
- Bulls see the move as a deep pullback testing the December 6, 2024 breakout point and want this area to act as support.<\/li>\n\n\n\n
- They want the breakout below the November low to be brief and lack follow-through selling, resulting in a failed breakout.<\/li>\n\n\n\n
- Bulls need consecutive strong bull bars to show they have regained control.<\/li>\n\n\n\n
- So far, the market continues to trade lower with follow-through selling below the 20-week EMA.<\/li>\n\n\n\n
- This week formed a strong bear breakout bar below the November low.<\/li>\n\n\n\n
- Because it is a bear bar closing near its low, the market could gap down next week. Small gaps often close early.<\/li>\n\n\n\n
- If a gap remains open, it may signal bearish strength and form a possible measuring gap.<\/li>\n\n\n\n
- Traders are watching whether bears can generate strong follow-through selling next week. If they do, the odds of a larger sustained move lower increase.<\/li>\n\n\n\n
- Or will the move lack follow-through selling, followed by a pullback to retest the 20-week EMA in the weeks ahead instead?<\/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 and traded higher early in the week but did not reach the 20-day EMA. It then reversed midweek and broke below the November low.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would watch whether bears could generate a strong breakout below the November low and the 200-day EMA with sustained follow-through, or if the market would stall around that area.<\/li>\n\n\n\n
- Bulls want the November 21 low or the 200-day EMA to act as support.<\/li>\n\n\n\n
- They want the breakout below the November 21 low to be brief and lack follow-through, resulting in a failed breakout.<\/li>\n\n\n\n
- Bulls see a wedge pattern (March 3, March 9, and March 20) and a trend channel line overshoot (March 20).<\/li>\n\n\n\n
- They want at least a two-legged sideways to up pullback to the 20-day EMA.<\/li>\n\n\n\n
- If the market trades lower, they want the August 1 low to act as support.<\/li>\n\n\n\n
- Bulls need consecutive strong bull bars to show they have regained control.<\/li>\n\n\n\n
- Bears got a strong breakout below the 13-week tight trading range, with a measured move target near 6,500 based on the range height.<\/li>\n\n\n\n
- Next, bears want a larger measured move based on the broader range (November 21 low to January 28 high), projecting toward the 6,200 area.<\/li>\n\n\n\n
- Bears want the market to continue forming lower highs, with the 20-day EMA acting as resistance, which is the case so far.<\/li>\n\n\n\n
- If the market trades higher, bears want a weak pullback \u2014 overlapping candles with prominent upper tails \u2014 forming a lower high major trend reversal and a larger second leg sideways to down.<\/li>\n\n\n\n
- Bears need follow-through selling after Friday\u2019s breakout below the November low to increase the odds of a sustained move.<\/li>\n\n\n\n
- The leg down from the March 17 high formed consecutive micro gaps with little overlap, indicating accelerating selling pressure.<\/li>\n\n\n\n
- The market may have flipped into Always In Short.<\/li>\n\n\n\n
- Traders are watching whether bears can generate sustained follow-through selling after the breakout below the November low and the 200-day EMA, or if the market quickly reverses back into the trading range.<\/li>\n\n\n\n
- If the market trades higher but continues forming slightly lower highs \u2014 with prominent bear bars, weak bull bars, and tails above, stalling around the 20-day EMA \u2014 the odds of a downside breakout increase. This remains the case so far.<\/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