S&P 500 Emini Futures market showing signs of possible trend reversal.

From Investing.com: 2025-01-13 00:35:00

The S&P 500 Emini Futures market formed a weekly lower high trend reversal, with bears needing to create a follow-through bear bar for lower prices. The bulls are looking for support at the 20-week EMA, October/November lows, or the bull trend line. The weekly candlestick was an outside bear bar, closing below the 20-week EMA. Bears are aiming for a two-legged pullback, while bulls hope for a double bottom bull flag. Traders are watching for a follow-through bear bar or a reversal from a wedge bull flag. The market is currently in a trading range phase, with odds slightly favoring a minor pullback.

Source: https://www.brookstradingcourse.com/price-action/stock-market-forecast-market-overview-sp500-emini-futures-weekly-chart/



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