S&P500 E-mini futures<\/h2>\n\n\n\nThe Weekly<\/em> S&P 500 E-mini chart<\/h3>\n\n\n\n![\"E-mini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/E-mini-Weekly-No-FT-Selling-Bulls-Need-FT-Buying-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This week\u2019s Emini candlestick was a bull doji closing near its high with a long tail below.<\/li>\n\n\n\n
- Last week<\/a>, we said the market could still trade slightly higher. Traders would see if the bulls could create follow-through buying following the breakout above the July 31 high, or if the market would trade slightly higher but stall instead.<\/li>\n\n\n\n
- The market traded below the prior week\u2019s low but reversed to close near its high on Friday.<\/li>\n\n\n\n
- The bulls view the recent moves (Aug 1 and Aug 20) as pullbacks and want a resumption of the bull trend.<\/li>\n\n\n\n
- They want a Leg 1 = Leg 2 move, which will take the market to the 6800 area (Leg 1 being the Apr 21 low to the May 19 high).<\/li>\n\n\n\n
- They want another strong leg up from a wedge bull flag (Jul 16, Aug 1, and Aug 20) or a double bottom bull flag (Aug 1 and Aug 20).<\/li>\n\n\n\n
- They must create follow-through buying above the July 31 high to increase the odds of a measured move.<\/li>\n\n\n\n
- The bears want a reversal from a higher high major trend reversal and a wedge pattern (May 19, Jul 3, and Aug 13).<\/li>\n\n\n\n
- They want a TBTL (Ten Bars, Two Legs) pullback lasting a few weeks.<\/li>\n\n\n\n
- They hope that the recent sideways trading range (starting early July) will be the final flag of the move.<\/li>\n\n\n\n
- The problem with the bear\u2019s case is that they could not create sustained follow-through selling on the weekly chart since the April 7 low. It was the same again this week.<\/li>\n\n\n\n
- They must create consecutive bear bars closing near their lows to show they are back in control.<\/li>\n\n\n\n
- So far, the move up since the April 21 low is in a tight bull channel, indicating strong bullish momentum.<\/li>\n\n\n\n
- The buying pressure is stronger (bull bars with follow-through buying) compared to weaker selling pressure (bear bars with no follow-through selling).<\/li>\n\n\n\n
- While the move is slightly climactic and overbought, the bears need to do more by creating strong consecutive bear bars to show they are back in control. Without that, traders will not be willing to sell aggressively.<\/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 follow-through buying above the July 31 high.<\/li>\n\n\n\n
- Or will the market trade slightly higher but stall instead?<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> S&P 500 E-mini chart<\/h3>\n\n\n\n![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/Emini-Daily-Bulls-Need-FT-Buying-Bears-Want-Wedge-Reversal-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The market traded sideways to down, testing the 20-day EMA and the bull trend line. Friday gapped up and traded higher to retest near the August 13 high.<\/li>\n\n\n\n
- Last week<\/a>, we said the market could still trade at least a little higher. Traders would see if the bulls could create more follow-through buying above the July 31 high, or if the market would stall and form a pullback to the 20-day EMA instead.<\/li>\n\n\n\n
- The bulls want a measured move (a Leg 1 = Leg 2 move will take the market to the 6800 area – leg 1 being the Apr 21 low to the May 19 high).<\/li>\n\n\n\n
- They want the third leg up to form the larger wedge pattern with the first two legs being May 19 and July 31 highs.<\/li>\n\n\n\n
- They want another strong leg up from a wedge bull flag (Jul 16, Aug 1, and Aug 20) or a double bottom bull flag (Aug 1 and Aug 20).<\/li>\n\n\n\n
- They must create sustained follow-through buying above the July 31 high to increase the odds of another leg up.<\/li>\n\n\n\n
- If there is a pullback, they want the 20-day EMA or the bull trend line to act as support.<\/li>\n\n\n\n
- The bears want a reversal from a large wedge pattern (May 19, Jul 3, and Aug 13).<\/li>\n\n\n\n
- They view this week as a retest of the prior high (Aug 13) and want a reversal from a smaller wedge (Jul 31, Aug 13, and Aug 22).<\/li>\n\n\n\n
- They hope the recent sideways trading range (starting from early July) will be the final flag of the move.<\/li>\n\n\n\n
- They must create consecutive bear bars closing near their lows, trading far below the 20-day EMA and the bull trend line, indicating they are back in control.<\/li>\n\n\n\n
- The move from the April 21 low is in a tight bull channel, indicating strong bullish momentum.<\/li>\n\n\n\n
- The buying pressure remains stronger (consecutive bull bars, tight bull channels) compared to the weaker selling pressure (weak and sideways pullbacks with limited follow-through selling).<\/li>\n\n\n\n
- The market could still trade at least a little higher.<\/li>\n\n\n\n
- For now, traders will see if the bulls can create more follow-through buying, breaking above the August 13 high.<\/li>\n\n\n\n
- Or will the market stall and form another pullback, trading below the 20-day EMA instead?<\/li>\n<\/ul>\n\n\n\n
Trading room<\/h2>\n\n\n\n
Al Brooks and other presenters talk about the detailed E-mini price action real-time each day in the Brooks Trading Course 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
![\"E-mini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/E-mini-Weekly-No-FT-Selling-Bulls-Need-FT-Buying.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- This week\u2019s Emini candlestick was a bull doji closing near its high with a long tail below.<\/li>\n\n\n\n
- Last week<\/a>, we said the market could still trade slightly higher. Traders would see if the bulls could create follow-through buying following the breakout above the July 31 high, or if the market would trade slightly higher but stall instead.<\/li>\n\n\n\n
- The market traded below the prior week\u2019s low but reversed to close near its high on Friday.<\/li>\n\n\n\n
- The bulls view the recent moves (Aug 1 and Aug 20) as pullbacks and want a resumption of the bull trend.<\/li>\n\n\n\n
- They want a Leg 1 = Leg 2 move, which will take the market to the 6800 area (Leg 1 being the Apr 21 low to the May 19 high).<\/li>\n\n\n\n
- They want another strong leg up from a wedge bull flag (Jul 16, Aug 1, and Aug 20) or a double bottom bull flag (Aug 1 and Aug 20).<\/li>\n\n\n\n
- They must create follow-through buying above the July 31 high to increase the odds of a measured move.<\/li>\n\n\n\n
- The bears want a reversal from a higher high major trend reversal and a wedge pattern (May 19, Jul 3, and Aug 13).<\/li>\n\n\n\n
- They want a TBTL (Ten Bars, Two Legs) pullback lasting a few weeks.<\/li>\n\n\n\n
- They hope that the recent sideways trading range (starting early July) will be the final flag of the move.<\/li>\n\n\n\n
- The problem with the bear\u2019s case is that they could not create sustained follow-through selling on the weekly chart since the April 7 low. It was the same again this week.<\/li>\n\n\n\n
- They must create consecutive bear bars closing near their lows to show they are back in control.<\/li>\n\n\n\n
- So far, the move up since the April 21 low is in a tight bull channel, indicating strong bullish momentum.<\/li>\n\n\n\n
- The buying pressure is stronger (bull bars with follow-through buying) compared to weaker selling pressure (bear bars with no follow-through selling).<\/li>\n\n\n\n
- While the move is slightly climactic and overbought, the bears need to do more by creating strong consecutive bear bars to show they are back in control. Without that, traders will not be willing to sell aggressively.<\/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 follow-through buying above the July 31 high.<\/li>\n\n\n\n
- Or will the market trade slightly higher but stall instead?<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> S&P 500 E-mini chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n- \n
- The market traded sideways to down, testing the 20-day EMA and the bull trend line. Friday gapped up and traded higher to retest near the August 13 high.<\/li>\n\n\n\n
- Last week<\/a>, we said the market could still trade at least a little higher. Traders would see if the bulls could create more follow-through buying above the July 31 high, or if the market would stall and form a pullback to the 20-day EMA instead.<\/li>\n\n\n\n
- The bulls want a measured move (a Leg 1 = Leg 2 move will take the market to the 6800 area – leg 1 being the Apr 21 low to the May 19 high).<\/li>\n\n\n\n
- They want the third leg up to form the larger wedge pattern with the first two legs being May 19 and July 31 highs.<\/li>\n\n\n\n
- They want another strong leg up from a wedge bull flag (Jul 16, Aug 1, and Aug 20) or a double bottom bull flag (Aug 1 and Aug 20).<\/li>\n\n\n\n
- They must create sustained follow-through buying above the July 31 high to increase the odds of another leg up.<\/li>\n\n\n\n
- If there is a pullback, they want the 20-day EMA or the bull trend line to act as support.<\/li>\n\n\n\n
- The bears want a reversal from a large wedge pattern (May 19, Jul 3, and Aug 13).<\/li>\n\n\n\n
- They view this week as a retest of the prior high (Aug 13) and want a reversal from a smaller wedge (Jul 31, Aug 13, and Aug 22).<\/li>\n\n\n\n
- They hope the recent sideways trading range (starting from early July) will be the final flag of the move.<\/li>\n\n\n\n
- They must create consecutive bear bars closing near their lows, trading far below the 20-day EMA and the bull trend line, indicating they are back in control.<\/li>\n\n\n\n
- The move from the April 21 low is in a tight bull channel, indicating strong bullish momentum.<\/li>\n\n\n\n
- The buying pressure remains stronger (consecutive bull bars, tight bull channels) compared to the weaker selling pressure (weak and sideways pullbacks with limited follow-through selling).<\/li>\n\n\n\n
- The market could still trade at least a little higher.<\/li>\n\n\n\n
- For now, traders will see if the bulls can create more follow-through buying, breaking above the August 13 high.<\/li>\n\n\n\n
- Or will the market stall and form another pullback, trading below the 20-day EMA instead?<\/li>\n<\/ul>\n\n\n\n
Trading room<\/h2>\n\n\n\n
Al Brooks and other presenters talk about the detailed E-mini price action real-time each day in the Brooks Trading Course 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