<\/p>\n\n\n\n
S&P500 E-mini futures<\/h2>\n\n\n\nThe Monthly<\/em> E-mini chart<\/h3>\n\n\n\n![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/Emini-Monthly-Follow-through-Buying-Following-Breakout-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The August monthly E-mini candlestick<\/a> was a bull bar closing in its upper half with prominent tails.<\/li>\n\n\n\n
- Last month<\/a>, we said traders would see if the bears could create strong bear bars to show they are back in control, or if the pullback would lack follow-through selling, forming a long tail or a bull body in August instead.<\/li>\n\n\n\n
- The market gapped down and traded lower early in the month, but lacked follow-through selling. The E-mini then traded sideways to up for the month.<\/li>\n\n\n\n
- The bulls created a breakout above the prior all-time high (Dec 6) in July with follow-through buying in August.<\/li>\n\n\n\n
- They want the broad bull channel to resume.<\/li>\n\n\n\n
- The move up (from Apr 7 low) is in the form of a 5-bar bull microchannel. That means persistent buying.<\/li>\n\n\n\n
- The bulls expect at least a small second leg sideways to up after any pullback.<\/li>\n\n\n\n
- The bears see the current move as a buy vacuum retest of the prior all-time high (Dec 6).<\/li>\n\n\n\n
- They want a reversal from a higher high major trend reversal and a double top (Dec 6 and Aug 28).<\/li>\n\n\n\n
- They want a failed breakout above the December 6 high.<\/li>\n\n\n\n
- The bears must create strong bear bars to show they are back in control.<\/li>\n\n\n\n
- So far, the move up from the April 7 low is strong, in the form of a 5-bar bull microchannel and consecutive bull bars closing near their highs.<\/li>\n\n\n\n
- The market is Always In Long.<\/li>\n\n\n\n
- The move covered over 33% from low to high (Apr 7 to Aug 28) in 5 months without any significant pullback.<\/li>\n\n\n\n
- While the move is strong, it is slightly climactic and overbought. The market may need to form a pullback to alleviate the overbought condition before the trend resumes.<\/li>\n\n\n\n
- Traders will only be willing to sell aggressively when they see that the bears can create strong bear bars with sustained follow-through selling.<\/li>\n\n\n\n
- The 5-bar bull microchannel increases the odds that the first pullback may be minor, followed by a retest of the recent leg extreme high (now Aug 28).<\/li>\n\n\n\n
- For now, traders will see if the bull can create more follow-through buying.<\/li>\n\n\n\n
- Or will the bears be able to create some decent selling pressure (bear bars), something they haven\u2019t been able to do since the April low, instead?<\/li>\n<\/ul>\n\n\n\n
The 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-Wedge-Embedded-Wedge-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This week\u2019s E-mini candlestick was a doji bar closing in its lower half with a long tail above.<\/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 above the July 31 high, or if the market would trade slightly higher but stall instead.<\/li>\n\n\n\n
- The market reached a new all-time high but reversed to close below the prior two candlesticks\u2019 highs.<\/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
- If the market trades lower, they want the bull trend line or August 1 low to act as support.<\/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 28).<\/li>\n\n\n\n
- They see the current leg forming an embedded wedge (Jul 3, Jul 31, and Aug 28).<\/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.<\/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
- 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
- The market has been stalling around the 6500 level for the last 3 weeks.<\/li>\n\n\n\n
- The move is slightly climactic and overbought. The market may need to form a pullback before resuming the trend.<\/li>\n\n\n\n
- The wedge and embedded wedge increase the odds of a minor pullback.<\/li>\n\n\n\n
- 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, traders will see if the bears can create strong bear bars with follow-through selling to start the pullback phase.<\/li>\n\n\n\n
- Or will the market continue to trade higher, lacking follow-through selling strength, as has been the case since the April low?<\/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
![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/Emini-Monthly-Follow-through-Buying-Following-Breakout.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- The August monthly E-mini candlestick<\/a> was a bull bar closing in its upper half with prominent tails.<\/li>\n\n\n\n
- Last month<\/a>, we said traders would see if the bears could create strong bear bars to show they are back in control, or if the pullback would lack follow-through selling, forming a long tail or a bull body in August instead.<\/li>\n\n\n\n
- The market gapped down and traded lower early in the month, but lacked follow-through selling. The E-mini then traded sideways to up for the month.<\/li>\n\n\n\n
- The bulls created a breakout above the prior all-time high (Dec 6) in July with follow-through buying in August.<\/li>\n\n\n\n
- They want the broad bull channel to resume.<\/li>\n\n\n\n
- The move up (from Apr 7 low) is in the form of a 5-bar bull microchannel. That means persistent buying.<\/li>\n\n\n\n
- The bulls expect at least a small second leg sideways to up after any pullback.<\/li>\n\n\n\n
- The bears see the current move as a buy vacuum retest of the prior all-time high (Dec 6).<\/li>\n\n\n\n
- They want a reversal from a higher high major trend reversal and a double top (Dec 6 and Aug 28).<\/li>\n\n\n\n
- They want a failed breakout above the December 6 high.<\/li>\n\n\n\n
- The bears must create strong bear bars to show they are back in control.<\/li>\n\n\n\n
- So far, the move up from the April 7 low is strong, in the form of a 5-bar bull microchannel and consecutive bull bars closing near their highs.<\/li>\n\n\n\n
- The market is Always In Long.<\/li>\n\n\n\n
- The move covered over 33% from low to high (Apr 7 to Aug 28) in 5 months without any significant pullback.<\/li>\n\n\n\n
- While the move is strong, it is slightly climactic and overbought. The market may need to form a pullback to alleviate the overbought condition before the trend resumes.<\/li>\n\n\n\n
- Traders will only be willing to sell aggressively when they see that the bears can create strong bear bars with sustained follow-through selling.<\/li>\n\n\n\n
- The 5-bar bull microchannel increases the odds that the first pullback may be minor, followed by a retest of the recent leg extreme high (now Aug 28).<\/li>\n\n\n\n
- For now, traders will see if the bull can create more follow-through buying.<\/li>\n\n\n\n
- Or will the bears be able to create some decent selling pressure (bear bars), something they haven\u2019t been able to do since the April low, instead?<\/li>\n<\/ul>\n\n\n\n
The Weekly<\/em> S&P 500 E-mini chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n- \n
- This week\u2019s E-mini candlestick was a doji bar closing in its lower half with a long tail above.<\/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 above the July 31 high, or if the market would trade slightly higher but stall instead.<\/li>\n\n\n\n
- The market reached a new all-time high but reversed to close below the prior two candlesticks\u2019 highs.<\/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
- If the market trades lower, they want the bull trend line or August 1 low to act as support.<\/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 28).<\/li>\n\n\n\n
- They see the current leg forming an embedded wedge (Jul 3, Jul 31, and Aug 28).<\/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.<\/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
- 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
- The market has been stalling around the 6500 level for the last 3 weeks.<\/li>\n\n\n\n
- The move is slightly climactic and overbought. The market may need to form a pullback before resuming the trend.<\/li>\n\n\n\n
- The wedge and embedded wedge increase the odds of a minor pullback.<\/li>\n\n\n\n
- 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, traders will see if the bears can create strong bear bars with follow-through selling to start the pullback phase.<\/li>\n\n\n\n
- Or will the market continue to trade higher, lacking follow-through selling strength, as has been the case since the April low?<\/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
- Last month<\/a>, we said traders would see if the bears could create strong bear bars to show they are back in control, or if the pullback would lack follow-through selling, forming a long tail or a bull body in August instead.<\/li>\n\n\n\n