The Monthly<\/em> E-mini chart<\/h3>\n\n\n\n![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/10\/Emini-Monthly-6-Bar-Bull-Microchannel-Climactic-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The September monthly E-mini candlestick<\/a> was a big bull bar closing near its high.<\/li>\n\n\n\n
- Last month<\/a>, we said traders would observe whether the bull could create more follow-through buying, or if the bears would be able to create some decent selling pressure (bear bars), something they had not done since the April low.<\/li>\n\n\n\n
- The market gapped down early in the month but lacked follow-through selling. The E-mini then traded sideways to up for the month, reaching a new all-time high.<\/li>\n\n\n\n
- The bulls created a resumption of the trend in the form of a 6-bar bull microchannel. That means persistent buying.<\/li>\n\n\n\n
- They reached the 6800-level target on Friday (Oct 3). The next targets for the bulls are the 6900 and 7000 levels.<\/li>\n\n\n\n
- If there is a pullback, they hope to get at least a small second leg sideways to up to retest the trend extreme high (now Oct 3).<\/li>\n\n\n\n
- The bears want a reversal from a higher high major trend reversal and large wedge pattern (Jul 27, Dec 6, and Oct 3).<\/li>\n\n\n\n
- The problem with the bear\u2019s case is that they haven\u2019t been able to create strong bear bars with follow-through selling.<\/li>\n\n\n\n
- They need to create consecutive bear bars closing near their lows to indicate 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 6-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
- While the move appears slightly climactic and overbought, traders will only be willing to sell aggressively when they see the bears can create strong bear bars with sustained follow-through selling.<\/li>\n\n\n\n
- The 6-bar bull microchannel increases the odds that there may be buyers below the first pullback.<\/li>\n\n\n\n
- Since September is a bull bar closing near its high, the odds slightly favor October to trade at least a little higher, which it has done.<\/li>\n\n\n\n
- Traders will see if the bull can create more follow-through buying, closing October as a strong bull bar.<\/li>\n\n\n\n
- Or will the market trade slightly higher, but start forming long tails above candlesticks, or candlesticks with bear bodies (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\/10\/E-mini-Weekly-5-Bar-Bull-MC-Slightly-Climactic-Overbought-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This week\u2019s E-mini candlestick was a bull bar closing in its upper half with prominent tails.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would observe whether the bears could create follow-through selling (something they had not done since the April low), or if the market would continue to trade sideways to up instead.<\/li>\n\n\n\n
- So far, the market has continued to trade sideways to up, and the bears haven\u2019t been able to create credible selling pressure.<\/li>\n\n\n\n
- The bulls got a strong leg up from a wedge bull flag (Aug 1, Aug 20, and Sept 2) or a double bottom bull flag (Aug 1 and Sep 2).<\/li>\n\n\n\n
- They reached the 6800-level target on Friday (Oct 3). The next targets for the bulls are the 6900 and 7000 levels.<\/li>\n\n\n\n
- If there is a pullback, they hope to get at least a small second leg sideways to up to retest the trend leg extreme high (now Oct 3).<\/li>\n\n\n\n
- The bears want a reversal from a wedge pattern (May 19, Jul 31, and Oct 3) and a buy climax.<\/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
- 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.<\/li>\n\n\n\n
- Without that, traders will not be willing to sell aggressively.<\/li>\n\n\n\n
- The move since the September 2 low is in a 5-bar bull microchannel, indicating persistent buying activity. There could be buyers below the first pullback.<\/li>\n\n\n\n
- Due to the climactic nature of the move, buying at current levels is becoming increasingly risky. While the market can still trade slightly higher, the risk of a two-legged minor pullback is increasing.<\/li>\n\n\n\n
- For now, traders will see if the bulls can create more follow-through buying.<\/li>\n\n\n\n
- Or will the market stall around the 6800 round number area, followed by a pullback in the weeks ahead 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
![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/10\/Emini-Monthly-6-Bar-Bull-Microchannel-Climactic.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- The September monthly E-mini candlestick<\/a> was a big bull bar closing near its high.<\/li>\n\n\n\n
- Last month<\/a>, we said traders would observe whether the bull could create more follow-through buying, or if the bears would be able to create some decent selling pressure (bear bars), something they had not done since the April low.<\/li>\n\n\n\n
- The market gapped down early in the month but lacked follow-through selling. The E-mini then traded sideways to up for the month, reaching a new all-time high.<\/li>\n\n\n\n
- The bulls created a resumption of the trend in the form of a 6-bar bull microchannel. That means persistent buying.<\/li>\n\n\n\n
- They reached the 6800-level target on Friday (Oct 3). The next targets for the bulls are the 6900 and 7000 levels.<\/li>\n\n\n\n
- If there is a pullback, they hope to get at least a small second leg sideways to up to retest the trend extreme high (now Oct 3).<\/li>\n\n\n\n
- The bears want a reversal from a higher high major trend reversal and large wedge pattern (Jul 27, Dec 6, and Oct 3).<\/li>\n\n\n\n
- The problem with the bear\u2019s case is that they haven\u2019t been able to create strong bear bars with follow-through selling.<\/li>\n\n\n\n
- They need to create consecutive bear bars closing near their lows to indicate 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 6-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
- While the move appears slightly climactic and overbought, traders will only be willing to sell aggressively when they see the bears can create strong bear bars with sustained follow-through selling.<\/li>\n\n\n\n
- The 6-bar bull microchannel increases the odds that there may be buyers below the first pullback.<\/li>\n\n\n\n
- Since September is a bull bar closing near its high, the odds slightly favor October to trade at least a little higher, which it has done.<\/li>\n\n\n\n
- Traders will see if the bull can create more follow-through buying, closing October as a strong bull bar.<\/li>\n\n\n\n
- Or will the market trade slightly higher, but start forming long tails above candlesticks, or candlesticks with bear bodies (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 bull bar closing in its upper half with prominent tails.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would observe whether the bears could create follow-through selling (something they had not done since the April low), or if the market would continue to trade sideways to up instead.<\/li>\n\n\n\n
- So far, the market has continued to trade sideways to up, and the bears haven\u2019t been able to create credible selling pressure.<\/li>\n\n\n\n
- The bulls got a strong leg up from a wedge bull flag (Aug 1, Aug 20, and Sept 2) or a double bottom bull flag (Aug 1 and Sep 2).<\/li>\n\n\n\n
- They reached the 6800-level target on Friday (Oct 3). The next targets for the bulls are the 6900 and 7000 levels.<\/li>\n\n\n\n
- If there is a pullback, they hope to get at least a small second leg sideways to up to retest the trend leg extreme high (now Oct 3).<\/li>\n\n\n\n
- The bears want a reversal from a wedge pattern (May 19, Jul 31, and Oct 3) and a buy climax.<\/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
- 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.<\/li>\n\n\n\n
- Without that, traders will not be willing to sell aggressively.<\/li>\n\n\n\n
- The move since the September 2 low is in a 5-bar bull microchannel, indicating persistent buying activity. There could be buyers below the first pullback.<\/li>\n\n\n\n
- Due to the climactic nature of the move, buying at current levels is becoming increasingly risky. While the market can still trade slightly higher, the risk of a two-legged minor pullback is increasing.<\/li>\n\n\n\n
- For now, traders will see if the bulls can create more follow-through buying.<\/li>\n\n\n\n
- Or will the market stall around the 6800 round number area, followed by a pullback in the weeks ahead 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
- Last month<\/a>, we said traders would observe whether the bull could create more follow-through buying, or if the bears would be able to create some decent selling pressure (bear bars), something they had not done since the April low.<\/li>\n\n\n\n