The Monthly<\/em> Emini chart<\/h3>\n\n\n\n![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Emini-Monthly-Deep-Pullback-or-Major-Higher-Low-Reversal-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The\u00a0April monthly Emini candlestick<\/a> was a bear doji closing in its upper half with a long tail below and closing around the 20-month EMA.<\/li>\n\n\n\n
- Last month<\/a>, we said traders would see if April\u2019s candlestick could close as a strong bear bar near its low or with a long tail below instead.<\/li>\n\n\n\n
- The market traded significantly lower early in the month followed by sideways to up, erasing most of the move.<\/li>\n\n\n\n
- The bears got a strong selloff in April, but the large reversal and long tail below the candlestick indicate they are not as strong as they hoped.<\/li>\n\n\n\n
- They hope to get a retest of the April 7 low, even if it only forms a higher low.<\/li>\n\n\n\n
- If the market trades higher, they want it to form a lower high. They want the bear trend line to act as resistance.<\/li>\n\n\n\n
- They want May\u2019s candlestick to close with a long tail above or with a bear body closing below the 20-month EMA.<\/li>\n\n\n\n
- The bulls see the market forming a major higher low. They hope the selloff (Apr 7) has alleviated the overbought conditions.<\/li>\n\n\n\n
- They want the market to continue in a broad bull channel followed by a breakout above the all-time high.<\/li>\n\n\n\n
- The bulls need to create a strong bull entry bar in May to increase the odds of a resumption of the trend.<\/li>\n\n\n\n
- The market formed a big move down in April, followed by a big move up.<\/li>\n\n\n\n
- Big Down, Big Up creates big confusion and usually leads to a trading range.<\/li>\n\n\n\n
- For now, the market could still trade slightly higher.<\/li>\n\n\n\n
- Traders will see if the bulls can create a strong bull entry bar in May. If they do, that can swing the odds in favor of a resumption of the broad bull channel.<\/li>\n\n\n\n
- Or will May trade slightly higher but close with a long tail above or with a bear body instead?<\/li>\n<\/ul>\n\n\n\n
The Weekly<\/em> S&P 500 Emini chart<\/h3>\n\n\n\n![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Emini-Weekly-Retest-20-Week-EMA-Bulls-Want-AIL-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This\u00a0week\u2019s\u00a0Emini candlestick\u00a0<\/a>was a bull bar closing near its high with a long tail below.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would see if the bulls can create a follow-through bull bar testing near the 20-week EMA, or if the market would trade slightly higher but close with a long tail above or a bear body instead.<\/li>\n\n\n\n
- The bulls got a follow-through bull bar testing near the 20-week EMA.<\/li>\n\n\n\n
- They see the selloff (Apr 7) forming a major higher low and the market is in a broad bull channel.<\/li>\n\n\n\n
- They hope that the strong selloff has alleviated the prior overbought conditions. They want a resumption of the trend.<\/li>\n\n\n\n
- They want a reversal from a higher low major trend reversal (Apr 21).<\/li>\n\n\n\n
- If there is a pullback, they want it to be minor, forming another higher low (vs Apr 21).<\/li>\n\n\n\n
- They hope that the market has flipped into Always In Long.<\/li>\n\n\n\n
- They must create more follow-through buying trading above the 20-week EMA and the March 25 high to increase the odds of a trend resumption.<\/li>\n\n\n\n
- The bears got a large 2-legged selloff testing the 200-week EMA in a tight bear channel.<\/li>\n\n\n\n
- They hoped to get a retest of the prior leg’s extreme low (April 7), but the move lacked follow-through selling, forming a higher low (Apr 21).<\/li>\n\n\n\n
- They see the current move as a deep pullback and a buy vacuum test of the March 25 high.<\/li>\n\n\n\n
- They want it to stall around the March 25 high, forming a large double top bear flag.<\/li>\n\n\n\n
- They want the 20-week EMA or the March 25 high to act as resistance.<\/li>\n\n\n\n
- They hope to get another leg down to form the wedge pattern after the pullback (the first two legs being the Mar 13 and Apr 4 lows).<\/li>\n\n\n\n
- So far, the buying pressure since the April 7 low has been stronger (strong bull bars closing near their highs) than the weaker selling pressure (bear bar with limited follow-through selling).<\/li>\n\n\n\n
- The market could still trade at least a little higher towards the March 25 high area.<\/li>\n\n\n\n
- Since this week\u2019s candlestick was a bull bar closing near its high, it is a buy signal bar for next week.<\/li>\n\n\n\n
- The market can gap up next week. Small gaps usually close early.<\/li>\n\n\n\n
- Traders will see if the bulls can create a follow-through bull bar closing above the 20-week EMA.<\/li>\n\n\n\n
- Or will the market trade slightly higher but close with a long tail above or with a bear body instead?<\/li>\n<\/ul>\n\n\n\n
Trading room<\/h2>\n\n\n\n
Al Brooks and other presenters talk about the detailed Emini price action real-time each day in the BrooksPriceAction.com 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\/2025\/05\/Emini-Monthly-Deep-Pullback-or-Major-Higher-Low-Reversal.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- The\u00a0April monthly Emini candlestick<\/a> was a bear doji closing in its upper half with a long tail below and closing around the 20-month EMA.<\/li>\n\n\n\n
- Last month<\/a>, we said traders would see if April\u2019s candlestick could close as a strong bear bar near its low or with a long tail below instead.<\/li>\n\n\n\n
- The market traded significantly lower early in the month followed by sideways to up, erasing most of the move.<\/li>\n\n\n\n
- The bears got a strong selloff in April, but the large reversal and long tail below the candlestick indicate they are not as strong as they hoped.<\/li>\n\n\n\n
- They hope to get a retest of the April 7 low, even if it only forms a higher low.<\/li>\n\n\n\n
- If the market trades higher, they want it to form a lower high. They want the bear trend line to act as resistance.<\/li>\n\n\n\n
- They want May\u2019s candlestick to close with a long tail above or with a bear body closing below the 20-month EMA.<\/li>\n\n\n\n
- The bulls see the market forming a major higher low. They hope the selloff (Apr 7) has alleviated the overbought conditions.<\/li>\n\n\n\n
- They want the market to continue in a broad bull channel followed by a breakout above the all-time high.<\/li>\n\n\n\n
- The bulls need to create a strong bull entry bar in May to increase the odds of a resumption of the trend.<\/li>\n\n\n\n
- The market formed a big move down in April, followed by a big move up.<\/li>\n\n\n\n
- Big Down, Big Up creates big confusion and usually leads to a trading range.<\/li>\n\n\n\n
- For now, the market could still trade slightly higher.<\/li>\n\n\n\n
- Traders will see if the bulls can create a strong bull entry bar in May. If they do, that can swing the odds in favor of a resumption of the broad bull channel.<\/li>\n\n\n\n
- Or will May trade slightly higher but close with a long tail above or with a bear body instead?<\/li>\n<\/ul>\n\n\n\n
The Weekly<\/em> S&P 500 Emini chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n- \n
- This\u00a0week\u2019s\u00a0Emini candlestick\u00a0<\/a>was a bull bar closing near its high with a long tail below.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would see if the bulls can create a follow-through bull bar testing near the 20-week EMA, or if the market would trade slightly higher but close with a long tail above or a bear body instead.<\/li>\n\n\n\n
- The bulls got a follow-through bull bar testing near the 20-week EMA.<\/li>\n\n\n\n
- They see the selloff (Apr 7) forming a major higher low and the market is in a broad bull channel.<\/li>\n\n\n\n
- They hope that the strong selloff has alleviated the prior overbought conditions. They want a resumption of the trend.<\/li>\n\n\n\n
- They want a reversal from a higher low major trend reversal (Apr 21).<\/li>\n\n\n\n
- If there is a pullback, they want it to be minor, forming another higher low (vs Apr 21).<\/li>\n\n\n\n
- They hope that the market has flipped into Always In Long.<\/li>\n\n\n\n
- They must create more follow-through buying trading above the 20-week EMA and the March 25 high to increase the odds of a trend resumption.<\/li>\n\n\n\n
- The bears got a large 2-legged selloff testing the 200-week EMA in a tight bear channel.<\/li>\n\n\n\n
- They hoped to get a retest of the prior leg’s extreme low (April 7), but the move lacked follow-through selling, forming a higher low (Apr 21).<\/li>\n\n\n\n
- They see the current move as a deep pullback and a buy vacuum test of the March 25 high.<\/li>\n\n\n\n
- They want it to stall around the March 25 high, forming a large double top bear flag.<\/li>\n\n\n\n
- They want the 20-week EMA or the March 25 high to act as resistance.<\/li>\n\n\n\n
- They hope to get another leg down to form the wedge pattern after the pullback (the first two legs being the Mar 13 and Apr 4 lows).<\/li>\n\n\n\n
- So far, the buying pressure since the April 7 low has been stronger (strong bull bars closing near their highs) than the weaker selling pressure (bear bar with limited follow-through selling).<\/li>\n\n\n\n
- The market could still trade at least a little higher towards the March 25 high area.<\/li>\n\n\n\n
- Since this week\u2019s candlestick was a bull bar closing near its high, it is a buy signal bar for next week.<\/li>\n\n\n\n
- The market can gap up next week. Small gaps usually close early.<\/li>\n\n\n\n
- Traders will see if the bulls can create a follow-through bull bar closing above the 20-week EMA.<\/li>\n\n\n\n
- Or will the market trade slightly higher but close with a long tail above or with a bear body instead?<\/li>\n<\/ul>\n\n\n\n
Trading room<\/h2>\n\n\n\n
Al Brooks and other presenters talk about the detailed Emini price action real-time each day in the BrooksPriceAction.com 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
- Last week<\/a>, we said traders would see if the bulls can create a follow-through bull bar testing near the 20-week EMA, or if the market would trade slightly higher but close with a long tail above or a bear body instead.<\/li>\n\n\n\n
- Last month<\/a>, we said traders would see if April\u2019s candlestick could close as a strong bear bar near its low or with a long tail below instead.<\/li>\n\n\n\n