The Monthly<\/em> Emini chart<\/h3>\n\n\n\n![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Emini-Monthly-Bulls-Want-Retest-All-Time-High-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The\u00a0May monthly Emini candlestick<\/a> was a bull bar closing in its upper half with a small tail above.<\/li>\n\n\n\n
- Last month<\/a>, we said the market could still trade slightly higher. Traders would see if the bulls could create a strong bull entry bar in May, or if the market would trade slightly higher but close with a long tail above or with a bear body instead.<\/li>\n\n\n\n
- The market formed a decent bull entry bar in May.<\/li>\n\n\n\n
- The bears got a strong selloff in April, but the large reversal and long tail below April\u2019s candlestick indicate they are not as strong as 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
- They see the current move as a retest of the all-time high (Dec 6) and want it to form a lower high.<\/li>\n\n\n\n
- They want the bear trend line or the March 3 high to act as resistance.<\/li>\n\n\n\n
- They must create strong bear bars to show they are back in control.<\/li>\n\n\n\n
- The bulls see the market forming a major higher low.<\/li>\n\n\n\n
- They hope the selloff (Apr 7) has alleviated the overbought conditions.<\/li>\n\n\n\n
- They want the market to continue in the broad bull channel followed by a breakout above the all-time high.<\/li>\n\n\n\n
- Since the bulls got a strong entry bar in May, they need to create a follow-through bull bar in June to increase the odds of a trend resumption.<\/li>\n\n\n\n
- For now, traders will see if the bulls can create a follow-through bull entry bar.<\/li>\n\n\n\n
- If they do, the odds of retesting the all-time high will increase.<\/li>\n\n\n\n
- Or will the follow-through buying be disappointing and the candlestick close with a long tail above or 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\/06\/Emini-Weekly-IOI-Pattern-Breakout-Mode-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This\u00a0week\u2019s\u00a0Emini candlestick\u00a0<\/a>was an inside bull doji.<\/li>\n\n\n\n
- Last week<\/a>, we said the market could trade slightly lower. Traders would see if the bears could create a strong follow-through bear bar trading below the 20-week EMA, or if the pullback would be shallow, lacking follow-through selling and holding around the 20-week EMA area.<\/li>\n\n\n\n
- The market opened higher and traded sideways to up for the week, forming an ioi (inside-outside-inside) pattern.<\/li>\n\n\n\n
- The bulls got a strong reversal in a tight bull channel.<\/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 condition. They want a resumption of the trend.<\/li>\n\n\n\n
- They hope the market has flipped into Always In Long.<\/li>\n\n\n\n
- They want any pullback to be weak and sideways (overlapping candlesticks, doji(s), weak follow-through selling, long tails below candlesticks).<\/li>\n\n\n\n
- They want the 20-week EMA or the bull trend line to act as support.<\/li>\n\n\n\n
- The bears see the current move as a retest of the prior trend’s extreme high (Dec 6).<\/li>\n\n\n\n
- They want the market to form a lower high major trend reversal or a double top with the December 6 high.<\/li>\n\n\n\n
- They must create follow-through selling trading below the 20-week EMA and the bull trend line to show they are back in control.<\/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 likely has flipped into Always In Long.<\/li>\n\n\n\n
- The market formed an ioi (inside-outside-inside) pattern. It is in breakout mode.<\/li>\n\n\n\n
- The bulls want a breakout above, while the bears want a breakout below the ioi pattern.<\/li>\n\n\n\n
- The first breakout can fail 50% of the time.<\/li>\n\n\n\n
- The bears were not able to create a follow-through bear bar this week indicating they are not yet as strong as they hope yet.<\/li>\n\n\n\n
- If the current pullback remains shallow, lacking follow-through selling and holding above the 20-week EMA area, the odds of another leg up will increase.<\/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\/06\/Emini-Monthly-Bulls-Want-Retest-All-Time-High.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- The\u00a0May monthly Emini candlestick<\/a> was a bull bar closing in its upper half with a small tail above.<\/li>\n\n\n\n
- Last month<\/a>, we said the market could still trade slightly higher. Traders would see if the bulls could create a strong bull entry bar in May, or if the market would trade slightly higher but close with a long tail above or with a bear body instead.<\/li>\n\n\n\n
- The market formed a decent bull entry bar in May.<\/li>\n\n\n\n
- The bears got a strong selloff in April, but the large reversal and long tail below April\u2019s candlestick indicate they are not as strong as 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
- They see the current move as a retest of the all-time high (Dec 6) and want it to form a lower high.<\/li>\n\n\n\n
- They want the bear trend line or the March 3 high to act as resistance.<\/li>\n\n\n\n
- They must create strong bear bars to show they are back in control.<\/li>\n\n\n\n
- The bulls see the market forming a major higher low.<\/li>\n\n\n\n
- They hope the selloff (Apr 7) has alleviated the overbought conditions.<\/li>\n\n\n\n
- They want the market to continue in the broad bull channel followed by a breakout above the all-time high.<\/li>\n\n\n\n
- Since the bulls got a strong entry bar in May, they need to create a follow-through bull bar in June to increase the odds of a trend resumption.<\/li>\n\n\n\n
- For now, traders will see if the bulls can create a follow-through bull entry bar.<\/li>\n\n\n\n
- If they do, the odds of retesting the all-time high will increase.<\/li>\n\n\n\n
- Or will the follow-through buying be disappointing and the candlestick close with a long tail above or 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 an inside bull doji.<\/li>\n\n\n\n
- Last week<\/a>, we said the market could trade slightly lower. Traders would see if the bears could create a strong follow-through bear bar trading below the 20-week EMA, or if the pullback would be shallow, lacking follow-through selling and holding around the 20-week EMA area.<\/li>\n\n\n\n
- The market opened higher and traded sideways to up for the week, forming an ioi (inside-outside-inside) pattern.<\/li>\n\n\n\n
- The bulls got a strong reversal in a tight bull channel.<\/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 condition. They want a resumption of the trend.<\/li>\n\n\n\n
- They hope the market has flipped into Always In Long.<\/li>\n\n\n\n
- They want any pullback to be weak and sideways (overlapping candlesticks, doji(s), weak follow-through selling, long tails below candlesticks).<\/li>\n\n\n\n
- They want the 20-week EMA or the bull trend line to act as support.<\/li>\n\n\n\n
- The bears see the current move as a retest of the prior trend’s extreme high (Dec 6).<\/li>\n\n\n\n
- They want the market to form a lower high major trend reversal or a double top with the December 6 high.<\/li>\n\n\n\n
- They must create follow-through selling trading below the 20-week EMA and the bull trend line to show they are back in control.<\/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 likely has flipped into Always In Long.<\/li>\n\n\n\n
- The market formed an ioi (inside-outside-inside) pattern. It is in breakout mode.<\/li>\n\n\n\n
- The bulls want a breakout above, while the bears want a breakout below the ioi pattern.<\/li>\n\n\n\n
- The first breakout can fail 50% of the time.<\/li>\n\n\n\n
- The bears were not able to create a follow-through bear bar this week indicating they are not yet as strong as they hope yet.<\/li>\n\n\n\n
- If the current pullback remains shallow, lacking follow-through selling and holding above the 20-week EMA area, the odds of another leg up will increase.<\/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 the market could trade slightly lower. Traders would see if the bears could create a strong follow-through bear bar trading below the 20-week EMA, or if the pullback would be shallow, lacking follow-through selling and holding around the 20-week EMA area.<\/li>\n\n\n\n
- Last month<\/a>, we said the market could still trade slightly higher. Traders would see if the bulls could create a strong bull entry bar in May, or if the market would trade slightly higher but close with a long tail above or with a bear body instead.<\/li>\n\n\n\n