The Monthly<\/em> E-mini chart<\/h3>\n\n\n\n![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/Emini-Monthly-Big-Bull-Bar-Buy-Climax-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- April formed a big bull bar closing near its high.<\/li>\n\n\n\n
- Last month<\/a>, we said traders would watch whether bears could generate follow-through selling in April, or whether the market would retest the prior high.<\/li>\n\n\n\n
- The market traded higher, breaking into new all-time high territory.<\/li>\n\n\n\n
- Bulls view the March 30 pullback as a test of the 20-month EMA that has likely relieved the prior overbought condition.<\/li>\n\n\n\n
- Bulls want a strong breakout followed by a measured move based on the height of the recent trading range, projecting to around the 7550 area.<\/li>\n\n\n\n
- The next target for the bulls is the top of the trend channel line.<\/li>\n\n\n\n
- Bulls need follow-through buying to increase the odds of trend resumption.<\/li>\n\n\n\n
- Bears got a pullback to the 20-month EMA in March and see the current move as a retest of the prior high.<\/li>\n\n\n\n
- While the market could still trade higher, they want a failed breakout forming a reversal bar within a few months.<\/li>\n\n\n\n
- They see the April move as part of a climactic rally, with a big bull bar late in a trend.<\/li>\n\n\n\n
- If the market trades higher, bears want the trend channel line to act as resistance. They want any breakout above it to fail within a bar or two, followed by a retest of the bull trend line.<\/li>\n\n\n\n
- Bears need a strong reversal bar closing near its low to create a short setup.<\/li>\n\n\n\n
- The market pulled back to the 20-month EMA and then rallied strongly into a new all-time high.<\/li>\n\n\n\n
- The April monthly candlestick closed near its high, increasing the odds of at least slightly higher prices in May.<\/li>\n\n\n\n
- Big bull bars late in a trend can be part of a buy climax.<\/li>\n\n\n\n
- Traders will watch whether bulls can create follow-through buying in May.<\/li>\n\n\n\n
- If the market breaks above the bull trend channel line, traders will watch whether the move is sustainable or lacks follow-through buying.<\/li>\n\n\n\n
- If a breakout fails, it typically does so within 2\u20135 bars.<\/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\/2026\/05\/E-mini-Weekly-New-ATH-Climactic-Buy-Vacuum-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This week formed another follow-through bull bar closing in its upper half with a prominent tail above.<\/li>\n\n\n\n
- Last week<\/a>, we said the market could still trade at least a little higher. The strength of the move increases the probability of at least a small sideways-to-up leg after any pullback.<\/li>\n\n\n\n
- Bulls have generated a strong rally, with consecutive bull bars closing near their highs and making new all-time highs.<\/li>\n\n\n\n
- Bulls want a strong breakout followed by a measured move based on the height of the recent trading range, projecting to around 7550.<\/li>\n\n\n\n
- The next target for the bulls is the trend channel line around the 7430 area.<\/li>\n\n\n\n
- Bulls want a spike and channel pattern lasting several months.<\/li>\n\n\n\n
- If the market pulls back, bulls want the 20-week EMA to act as support.<\/li>\n\n\n\n
- They expect at least a small second leg sideways to up to retest the current leg high (May 1) after any pullback.<\/li>\n\n\n\n
- Bears see the current move as a buy vacuum retest of the prior high and the trend channel line.<\/li>\n\n\n\n
- Bears view the move as a parabolic buy climax and unsustainable without a sideways-to-down pullback.<\/li>\n\n\n\n
- Bears want the trend channel line to act as resistance. If the market trades higher, they want the next trend channel line around the 7430 area to act as resistance.<\/li>\n\n\n\n
- If the market trades higher, bears want a failed breakout above the trend channel line within a few bars, followed by a retest of the bull trend line.<\/li>\n\n\n\n
- Bears want at least a small two-legged sideways-to-down pullback lasting a few weeks.<\/li>\n\n\n\n
- Bears need strong bear bars closing near their lows to show control.<\/li>\n\n\n\n
- The market has rallied strongly over the past five weeks, with consecutive bull bars closing near their highs.<\/li>\n\n\n\n
- The market is Always In Long.<\/li>\n\n\n\n
- The last two weeks formed smaller bull bars, indicating slowing momentum.<\/li>\n\n\n\n
- Traders will watch whether the market stalls around the current trend channel line or the one above it near 7430.<\/li>\n\n\n\n
- For now, the market could still trade at least a little higher. However, because of the climactic nature of the rally, a pullback can occur at any time.<\/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\/2026\/05\/Emini-Monthly-Big-Bull-Bar-Buy-Climax.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- April formed a big bull bar closing near its high.<\/li>\n\n\n\n
- Last month<\/a>, we said traders would watch whether bears could generate follow-through selling in April, or whether the market would retest the prior high.<\/li>\n\n\n\n
- The market traded higher, breaking into new all-time high territory.<\/li>\n\n\n\n
- Bulls view the March 30 pullback as a test of the 20-month EMA that has likely relieved the prior overbought condition.<\/li>\n\n\n\n
- Bulls want a strong breakout followed by a measured move based on the height of the recent trading range, projecting to around the 7550 area.<\/li>\n\n\n\n
- The next target for the bulls is the top of the trend channel line.<\/li>\n\n\n\n
- Bulls need follow-through buying to increase the odds of trend resumption.<\/li>\n\n\n\n
- Bears got a pullback to the 20-month EMA in March and see the current move as a retest of the prior high.<\/li>\n\n\n\n
- While the market could still trade higher, they want a failed breakout forming a reversal bar within a few months.<\/li>\n\n\n\n
- They see the April move as part of a climactic rally, with a big bull bar late in a trend.<\/li>\n\n\n\n
- If the market trades higher, bears want the trend channel line to act as resistance. They want any breakout above it to fail within a bar or two, followed by a retest of the bull trend line.<\/li>\n\n\n\n
- Bears need a strong reversal bar closing near its low to create a short setup.<\/li>\n\n\n\n
- The market pulled back to the 20-month EMA and then rallied strongly into a new all-time high.<\/li>\n\n\n\n
- The April monthly candlestick closed near its high, increasing the odds of at least slightly higher prices in May.<\/li>\n\n\n\n
- Big bull bars late in a trend can be part of a buy climax.<\/li>\n\n\n\n
- Traders will watch whether bulls can create follow-through buying in May.<\/li>\n\n\n\n
- If the market breaks above the bull trend channel line, traders will watch whether the move is sustainable or lacks follow-through buying.<\/li>\n\n\n\n
- If a breakout fails, it typically does so within 2\u20135 bars.<\/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 formed another follow-through bull bar closing in its upper half with a prominent tail above.<\/li>\n\n\n\n
- Last week<\/a>, we said the market could still trade at least a little higher. The strength of the move increases the probability of at least a small sideways-to-up leg after any pullback.<\/li>\n\n\n\n
- Bulls have generated a strong rally, with consecutive bull bars closing near their highs and making new all-time highs.<\/li>\n\n\n\n
- Bulls want a strong breakout followed by a measured move based on the height of the recent trading range, projecting to around 7550.<\/li>\n\n\n\n
- The next target for the bulls is the trend channel line around the 7430 area.<\/li>\n\n\n\n
- Bulls want a spike and channel pattern lasting several months.<\/li>\n\n\n\n
- If the market pulls back, bulls want the 20-week EMA to act as support.<\/li>\n\n\n\n
- They expect at least a small second leg sideways to up to retest the current leg high (May 1) after any pullback.<\/li>\n\n\n\n
- Bears see the current move as a buy vacuum retest of the prior high and the trend channel line.<\/li>\n\n\n\n
- Bears view the move as a parabolic buy climax and unsustainable without a sideways-to-down pullback.<\/li>\n\n\n\n
- Bears want the trend channel line to act as resistance. If the market trades higher, they want the next trend channel line around the 7430 area to act as resistance.<\/li>\n\n\n\n
- If the market trades higher, bears want a failed breakout above the trend channel line within a few bars, followed by a retest of the bull trend line.<\/li>\n\n\n\n
- Bears want at least a small two-legged sideways-to-down pullback lasting a few weeks.<\/li>\n\n\n\n
- Bears need strong bear bars closing near their lows to show control.<\/li>\n\n\n\n
- The market has rallied strongly over the past five weeks, with consecutive bull bars closing near their highs.<\/li>\n\n\n\n
- The market is Always In Long.<\/li>\n\n\n\n
- The last two weeks formed smaller bull bars, indicating slowing momentum.<\/li>\n\n\n\n
- Traders will watch whether the market stalls around the current trend channel line or the one above it near 7430.<\/li>\n\n\n\n
- For now, the market could still trade at least a little higher. However, because of the climactic nature of the rally, a pullback can occur at any time.<\/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