{"id":242743,"date":"2025-06-30T07:58:34","date_gmt":"2025-06-30T14:58:34","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=242743"},"modified":"2025-06-30T23:02:23","modified_gmt":"2025-07-01T06:02:23","slug":"emini-test-of-december-high","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/emini-test-of-december-high\/","title":{"rendered":"Emini Test of December High"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Trading Update: Monday June 30, 2025<\/h3>\n\n\n\n<h2 class=\"wp-block-heading\">S&amp;P Emini market analysis<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Emini daily chart<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Emini has formed a 5-bar bull microchannel, and it&#8217;s getting near the December 2024 high. The rally is strong enough that the odds favor buyers below, and a second leg up is likely.<\/li>\n\n\n\n<li>The risk is big for the bulls, and the bears are hoping that today will form a bear bar closing on its low, increasing the risk of a small second leg down. Next, the Bears want a strong entry bar and to sell off back to the June 6th breakout point high.<\/li>\n\n\n\n<li>While the Bears are hoping that the current rally is exhaustion, the reality is it&#8217;s a strong enough breakout that the odds favor buyers below and a test closer to the December high.<\/li>\n\n\n\n<li>The bears, at a minimum, need to make the market start going sideways. This would cause bulls to begin selling out of their long positions, betting on a deeper pullback.<\/li>\n\n\n\n<li>Overall, the market is Always In Long and the odds are that the bulls will get a second leg up after any pullback.&nbsp;&nbsp; The Bears need to gather more signs of strength if they&#8217;re going to achieve a successful reversal, and they have not done so yet.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Emini 5-minute chart and what to expect today<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Emini gapped up on the open of the US session and formed a two-legged sell-off down to bar 15 at the moving average.<\/li>\n\n\n\n<li>The Bulls are hopeful that the sell-off down to bar 15 will lead to trend resumption up and a break above the open of the day.<\/li>\n\n\n\n<li>One of the problems that the bulls have is the strong bear so far during the open period.<\/li>\n\n\n\n<li>The market is also spending a lot of time at last Friday&#8217;s high, and that increases the risk that the market is in a trading range.<\/li>\n\n\n\n<li>The Bears are hopeful that the two-legged pullback down the bar 15 is a trap, and the market will get a downside breakout below it in the measure move down of the opening range.<\/li>\n\n\n\n<li>The sell-off to bar 15 is probably a bear leg in what will become a trading range, which means we&#8217;ll probably test back up to the bar 13 high at a minimum.<\/li>\n\n\n\n<li>The Bears need to break below the moving average if they&#8217;re going to get down to last Friday&#8217;s close; otherwise, there will probably be more buyers at this current price level.<\/li>\n\n\n\n<li> If the market spends too much time at the moving average without getting far away from it, that will increase the risk of the moving average failing to act as support and the bears succeeding.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Friday&#8217;s Emini setups<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Emini-5-Min-Bull-Trend-From-Open-Trading-Range-Day.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Emini-5-Min-Bull-Trend-From-Open-Trading-Range-Day-680x383.jpg\" alt=\"Emini 5-Min Bull Trend From Open, Trading Range Day\" class=\"wp-image-242823\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Emini-5-Min-Bull-Trend-From-Open-Trading-Range-Day-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Emini-5-Min-Bull-Trend-From-Open-Trading-Range-Day-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Emini-5-Min-Bull-Trend-From-Open-Trading-Range-Day-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Emini-5-Min-Bull-Trend-From-Open-Trading-Range-Day-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Emini-5-Min-Bull-Trend-From-Open-Trading-Range-Day.jpg 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<p><em>Brad created the SP500 Emini charts &#8211; Al travelling.<\/em><\/p>\n\n\n\n<p class=\"caption\">Here are reasonable stop entry setups from Friday. I show each buy entry bar with a green arrow and each sell entry bar with a red arrow. Buyers of both the Brooks Trading Course and Encyclopedia of Chart Patterns have access to a near 4-year library of more detailed explanations of swing trade setups (see Online Course\/BTC Daily Setups). Encyclopedia members get current daily charts added to Encyclopedia.<\/p>\n\n\n\n<p class=\"caption\">My goal with these charts is to present an Always In perspective. If a trader was trying to be Always In or nearly Always In a position all day, and he was not currently in the market, these entries would be logical times for him to enter. These therefore are swing entries.<\/p>\n\n\n\n<p class=\"caption\">It is important to understand that most swing setups do not lead to swing trades. As soon as traders are disappointed, many exit. Those who exit prefer to get out with a small profit (scalp), but often have to exit with a small loss.<\/p>\n\n\n\n<p class=\"caption\">If the risk is too big for your account, you should wait for trades with less risk or trade an alternative market like the Micro Emini.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Summary of today&#8217;s S&amp;P Emini price action<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Emini-5-Min-Trading-Range-Day-Late-Bull-Breakout.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Emini-5-Min-Trading-Range-Day-Late-Bull-Breakout-680x383.jpg\" alt=\"\" class=\"wp-image-243049\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Emini-5-Min-Trading-Range-Day-Late-Bull-Breakout-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Emini-5-Min-Trading-Range-Day-Late-Bull-Breakout-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Emini-5-Min-Trading-Range-Day-Late-Bull-Breakout-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Emini-5-Min-Trading-Range-Day-Late-Bull-Breakout-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Emini-5-Min-Trading-Range-Day-Late-Bull-Breakout.jpg 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<p><em>Brad created the SP500 Emini charts &#8211; Al travelling.<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Emini end of day video review<\/h3>\n\n\n\n<p>Periodic end of day review videos will be moved to top of page when done.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<h2 class=\"wp-block-heading\">EURUSD Forex market analysis<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">EURUSD Forex daily chart<\/h3>\n\n\n\n\n\n<ul class=\"wp-block-list\">\n<li>The EURUSD is continuing to form a bull microchannel with five consecutive bull bars in a row.<\/li>\n\n\n\n<li>However, the past two days have had tails below the bars, and last Friday failed to close above last Thursday&#8217;s high, which increases the chances that the market is going to pull back soon.<\/li>\n\n\n\n<li>While the rally is good for the Bulls, it&#8217;s climactic, and it increases the odds that we&#8217;ll test back to the June 13<sup>th<\/sup> high over the next several bars.<\/li>\n\n\n\n<li>The Bears want a strong reversal down. Still, the reality is that they need more selling pressure if the reversal is going to be successful. The channel up from the May low is tight, and therefore, bears probably need to make the market go sideways at a minimum before they can have a chance at any major reversal.<\/li>\n\n\n\n<li>Because the risk is getting big for the bulls, it&#8217;s reasonable for the bulls to get out below a bear bar or an average scalp size below any bar<\/li>\n<\/ul>\n\n\n\n<p><em>See the <a rel=\"noreferrer noopener\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/analysis\/\" target=\"_blank\">weekly update<\/a> for a discussion of the price action on the weekly chart and for what to expect going into next week.<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n\n\n\n<h2 class=\"wp-block-heading\">Trading Room<\/h2>\n\n\n\n<p>Al Brooks and other presenters talk about the detailed Emini price action real-time each day in the Brooks Price Action <a href=\"https:\/\/www.brookstradingcourse.com\/online-day-trading-room\/\" target=\"_blank\" rel=\"noreferrer noopener\">trading room<\/a>. We offer a 2 day free trial.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n\n\n\n<h3 class=\"wp-block-heading\">Charts use Pacific Time<\/h3>\n\n\n\n<p>When times are mentioned, it is USA Pacific Time. The Emini day session charts begin at 6:30 am PT and end at 1:15 pm PT which is 15 minutes after the NYSE closes. You can read background information on the market reports on the <a href=\"https:\/\/www.brookstradingcourse.com\/blog\/market-update\/\" target=\"_blank\" rel=\"noreferrer noopener\">Market Update<\/a> page.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Trading Update: Monday June 30, 2025 S&amp;P Emini market analysis Emini daily chart Emini 5-minute chart and what to expect today Friday&#8217;s Emini setups Brad created the SP500 Emini charts &#8211; Al travelling. Here are reasonable stop entry setups from Friday. I show each buy entry bar with a green arrow and each sell entry [&hellip;]<\/p>\n","protected":false},"author":5460,"featured_media":242823,"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":"shadow","_genesis_layout":"","footnotes":""},"categories":[153,136],"tags":[281,60],"class_list":{"0":"post-242743","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-update","8":"category-analysis","9":"tag-eurusd-forex","10":"tag-sp-emini","11":"entry","12":"override","13":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Emini-5-Min-Bull-Trend-From-Open-Trading-Range-Day.jpg","author_info":{"display_name":"Brad","author_link":"https:\/\/www.brookstradingcourse.com\/es\/author\/brad-wolff\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/242743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/users\/5460"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/comments?post=242743"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/242743\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/242823"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=242743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=242743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=242743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}