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\/10\/E-mini-Weekly-Bulls-Want-Resumption-of-Trend-Need-FT-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 near its high, making a new all-time high.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would watch whether the bears could create follow-through selling in the weeks ahead \u2014 something they have failed to do since the April low \u2014 or if the pullback phase would remain sideways and weak.<\/li>\n\n\n\n
- So far, the bears remain unable to create follow-through selling on the weekly chart.<\/li>\n\n\n\n
- The bears want a reversal from a wedge top pattern (May 19, Jul 31, and Oct 24).<\/li>\n\n\n\n
- They hope the recent 5-week trading range will be the final flag of the move.<\/li>\n\n\n\n
- However, the problem for the bears is that they have been unable to create sustained follow-through selling on the weekly chart since the April 7 low.<\/li>\n\n\n\n
- They need to create consecutive bear bars closing near their lows to show that they are regaining control.<\/li>\n\n\n\n
- The bulls view the recent pullback (Oct 10) as a retest of the August breakout point and want a resumption of the bull trend.<\/li>\n\n\n\n
- Their next upside targets are the 6900 and 7000 levels, with a measured move projection based on the height of the recent 5-week trading range that could take the market toward 7100.<\/li>\n\n\n\n
- To reach these targets, the bulls must create sustained follow-through buying.<\/li>\n\n\n\n
- The move up since the April 21 low has been in a tight bull channel, showing strong bullish momentum.<\/li>\n\n\n\n
- Buying pressure remains stronger \u2014 with consecutive bull bars \u2014 while selling pressure has been weak and lacking sustained follow-through selling.<\/li>\n\n\n\n
- Although the rally is slightly climactic and overbought, the bears still need strong consecutive bear bars before traders will be willing to sell aggressively.<\/li>\n\n\n\n
- Since this week closed as a bull bar near its high, the market could gap up next week. Small gaps typically close early.<\/li>\n\n\n\n
- For now, the market could still trade at least a little higher.<\/li>\n\n\n\n
- Traders will watch whether the bulls can create follow-through buying to reach the next round-number targets.<\/li>\n\n\n\n
- Or if the market will trade slightly higher but begin forming prominent tails or bear bodies instead?<\/li>\n<\/ul>\n\n\n\n
The Daily<\/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-Daily-Retest-High-Bears-Want-HH-MTR-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The market gapped up above the 20-day EMA on Monday and then traded sideways for most of the week. On Friday, it gapped up into a new all-time high and closed as a small bull doji.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would watch whether the bears could create sustained follow-through selling, or if the pullback would remain sideways and weak instead.<\/li>\n\n\n\n
- So far, the pullback has remained sideways and lacking strong follow-through selling.<\/li>\n\n\n\n
- The bulls see the October 10 low as a pullback within the bull trend and want it to remain weak and sideways (overlapping candlesticks, dojis, long tails below bars).<\/li>\n\n\n\n
- They want a retest and breakout above the October 9 high, followed by a resumption of the trend.<\/li>\n\n\n\n
- The bulls want a measured move based on the height of the recent sideways trading range, projecting up toward 7100.<\/li>\n\n\n\n
- Their next key upside levels are 6900 and 7000 round numbers.<\/li>\n\n\n\n
- If the market trades lower, the bulls want the 20-day EMA or the October 10 low to act as support, forming a double bottom bull flag.<\/li>\n\n\n\n
- The bears want a reversal from a large wedge pattern (May 19, Jul 31, and Oct 9) and an embedded wedge (Aug 13, Sept 22, and Oct 9).<\/li>\n\n\n\n
- They view the current move as a retest of the prior October 9 all-time high and want a reversal from a higher high major trend reversal and a failed breakout.<\/li>\n\n\n\n
- The current leg from the October 10 low has three pushes up (Oct 15, Oct 21, and Oct 24), forming a smaller wedge.<\/li>\n\n\n\n
- The bears hope the gap up on Friday will turn out to be an exhaustion gap.<\/li>\n\n\n\n
- They want a TBTL (Ten Bars, Two Legs) pullback lasting several weeks.<\/li>\n\n\n\n
- They must create strong consecutive bear bars closing near their lows, trading far below the 20-day EMA and the bull trendline to indicate they are in control.<\/li>\n\n\n\n
- The move from the April 21 low remains in a tight bull channel, indicating strong buying momentum.<\/li>\n\n\n\n
- The market is slightly overbought and climactic, but until the bears can create strong consecutive bear bars \u2014 something they have failed to do since April 21 low \u2014 traders will not be willing to sell aggressively.<\/li>\n\n\n\n
- For now, traders will watch whether the bulls can create sustained follow-through buying and resume the trend.<\/li>\n\n\n\n
- Or if the market will stall near current highs and pull back toward the 20-day EMA or the October 10 low 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\/10\/E-mini-Weekly-Bulls-Want-Resumption-of-Trend-Need-FT.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- This week\u2019s E-mini candlestick was a bull bar closing near its high, making a new all-time high.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would watch whether the bears could create follow-through selling in the weeks ahead \u2014 something they have failed to do since the April low \u2014 or if the pullback phase would remain sideways and weak.<\/li>\n\n\n\n
- So far, the bears remain unable to create follow-through selling on the weekly chart.<\/li>\n\n\n\n
- The bears want a reversal from a wedge top pattern (May 19, Jul 31, and Oct 24).<\/li>\n\n\n\n
- They hope the recent 5-week trading range will be the final flag of the move.<\/li>\n\n\n\n
- However, the problem for the bears is that they have been unable to create sustained follow-through selling on the weekly chart since the April 7 low.<\/li>\n\n\n\n
- They need to create consecutive bear bars closing near their lows to show that they are regaining control.<\/li>\n\n\n\n
- The bulls view the recent pullback (Oct 10) as a retest of the August breakout point and want a resumption of the bull trend.<\/li>\n\n\n\n
- Their next upside targets are the 6900 and 7000 levels, with a measured move projection based on the height of the recent 5-week trading range that could take the market toward 7100.<\/li>\n\n\n\n
- To reach these targets, the bulls must create sustained follow-through buying.<\/li>\n\n\n\n
- The move up since the April 21 low has been in a tight bull channel, showing strong bullish momentum.<\/li>\n\n\n\n
- Buying pressure remains stronger \u2014 with consecutive bull bars \u2014 while selling pressure has been weak and lacking sustained follow-through selling.<\/li>\n\n\n\n
- Although the rally is slightly climactic and overbought, the bears still need strong consecutive bear bars before traders will be willing to sell aggressively.<\/li>\n\n\n\n
- Since this week closed as a bull bar near its high, the market could gap up next week. Small gaps typically close early.<\/li>\n\n\n\n
- For now, the market could still trade at least a little higher.<\/li>\n\n\n\n
- Traders will watch whether the bulls can create follow-through buying to reach the next round-number targets.<\/li>\n\n\n\n
- Or if the market will trade slightly higher but begin forming prominent tails or bear bodies 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 gapped up above the 20-day EMA on Monday and then traded sideways for most of the week. On Friday, it gapped up into a new all-time high and closed as a small bull doji.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would watch whether the bears could create sustained follow-through selling, or if the pullback would remain sideways and weak instead.<\/li>\n\n\n\n
- So far, the pullback has remained sideways and lacking strong follow-through selling.<\/li>\n\n\n\n
- The bulls see the October 10 low as a pullback within the bull trend and want it to remain weak and sideways (overlapping candlesticks, dojis, long tails below bars).<\/li>\n\n\n\n
- They want a retest and breakout above the October 9 high, followed by a resumption of the trend.<\/li>\n\n\n\n
- The bulls want a measured move based on the height of the recent sideways trading range, projecting up toward 7100.<\/li>\n\n\n\n
- Their next key upside levels are 6900 and 7000 round numbers.<\/li>\n\n\n\n
- If the market trades lower, the bulls want the 20-day EMA or the October 10 low to act as support, forming a double bottom bull flag.<\/li>\n\n\n\n
- The bears want a reversal from a large wedge pattern (May 19, Jul 31, and Oct 9) and an embedded wedge (Aug 13, Sept 22, and Oct 9).<\/li>\n\n\n\n
- They view the current move as a retest of the prior October 9 all-time high and want a reversal from a higher high major trend reversal and a failed breakout.<\/li>\n\n\n\n
- The current leg from the October 10 low has three pushes up (Oct 15, Oct 21, and Oct 24), forming a smaller wedge.<\/li>\n\n\n\n
- The bears hope the gap up on Friday will turn out to be an exhaustion gap.<\/li>\n\n\n\n
- They want a TBTL (Ten Bars, Two Legs) pullback lasting several weeks.<\/li>\n\n\n\n
- They must create strong consecutive bear bars closing near their lows, trading far below the 20-day EMA and the bull trendline to indicate they are in control.<\/li>\n\n\n\n
- The move from the April 21 low remains in a tight bull channel, indicating strong buying momentum.<\/li>\n\n\n\n
- The market is slightly overbought and climactic, but until the bears can create strong consecutive bear bars \u2014 something they have failed to do since April 21 low \u2014 traders will not be willing to sell aggressively.<\/li>\n\n\n\n
- For now, traders will watch whether the bulls can create sustained follow-through buying and resume the trend.<\/li>\n\n\n\n
- Or if the market will stall near current highs and pull back toward the 20-day EMA or the October 10 low 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