{"id":39985,"date":"2015-06-19T14:35:36","date_gmt":"2015-06-19T21:35:36","guid":{"rendered":"https:\/\/brookstradingcourse.com\/?p=39985"},"modified":"2015-07-10T20:54:55","modified_gmt":"2015-07-11T03:54:55","slug":"emini-weekend-update-learn-how-to-trade-the-markets-in-a-buy-climax","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/emini-weekend-update-learn-how-to-trade-the-markets-in-a-buy-climax\/","title":{"rendered":"Emini weekend update: June 20, 2015:
Learn how to trade the markets in a buy climax"},"content":{"rendered":"

Monthly S&P500 Emini futures candlestick chart: Strong bull trend, but overbought<\/h2>\n

\"S&P<\/a><\/p>\n

The monthly S&P500 Emini futures candlestick chart is in an overbought bull trend and the odds favor a test of the moving average over the next few months.<\/p>\n

The monthly S&P500 Emini futures candlestick chart is exceptionally overbought and it has an 80% chance of a 10% pullback this year. Although a small pullback bull trend can continue for many more bars, it has done so only twice in the past 50 years, and those times were followed by 22% and 36% corrections. No one knows what news event will cause the initial bear breakout, but once institutions see a strong bear breakout, they will sell out of longs quickly and this technical selling will lead to the 10 – 20% correction.<\/p>\n

Weekly S&P500 Emini futures candlestick chart: Breakout mode<\/h2>\n

\"S&P<\/a><\/a><\/p>\n

The weekly S&P500 Emini futures candlestick chart is in a tight trading range and in breakout mode.<\/p>\n

The weekly S&P500 Emini futures candlestick chart is in a 6 month tight trading range<\/a> just above the moving average. While the bulls have a slightly greater chance of a breakout, the odds are that the breakout will fail within about 5 bars (weeks) and that the trading range will become the final bull flag<\/a> before a correction of 10% or more.<\/p>\n

Daily S&P500 Emini futures candlestick chart: Rallying, but still within the 6 month round top<\/h2>\n

\"S&P<\/a><\/p>\n

The daily S&P500 Emini futures candlestick chart is in the middle of a 6 month trading range and close to the all-time high.<\/p>\n

The daily S&P500 Emini futures candlestick chart is in a trading range. It is a round top candlestick pattern, but it has an equal chance of a bull or bear breakout. If there is a bull breakout, it will probably be limited because the monthly chart is so overbought.<\/p>\n

This week’s rally was strong, and there might be follow-through to a new all-time high, but until there is a bull breakout, there is no breakout. The bears have almost a high a probability of creating a lower high major trend reversal<\/a> and a bear breakout. June 25 to July 5 is one of the most reliably bullish times of the year<\/a>, and there might be a small pullback going into that bullish window.<\/p>\n

\n

Traders can see the end of the day bar-by-bar price action report by signing up<\/a> for free at BrooksPriceAction.com. I talk about the detailed Emini price action real-time throughout the day in the BrooksPriceAction.com trading room<\/a>, and a 2 day free trial<\/a> is available.<\/p>\n

When I mention time, it is USA Pacific Standard Time (the Emini day session opens at 6:30 am PST, and closes at 1:15 pm PST). You can read background information on the intraday market reports on the Intraday Market Update<\/a> page.<\/p>\n","protected":false},"excerpt":{"rendered":"

Monthly S&P500 Emini futures candlestick chart: Strong bull trend, but overbought The monthly S&P500 Emini futures candlestick chart is in an overbought bull trend and the odds favor a test of the moving average over the next few months. The monthly S&P500 Emini futures candlestick chart is exceptionally overbought and it has an 80% chance […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[136],"tags":[],"class_list":{"0":"post-39985","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-analysis","7":"entry","8":"has-post-thumbnail","9":"override"},"featured_image_src":null,"author_info":{"display_name":"Al","author_link":"https:\/\/www.brookstradingcourse.com\/pt-br\/author\/albrooks\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/39985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/comments?post=39985"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/39985\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=39985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=39985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=39985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}