{"id":270048,"date":"2026-05-21T10:18:24","date_gmt":"2026-05-21T17:18:24","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=270048"},"modified":"2026-05-22T00:39:46","modified_gmt":"2026-05-22T07:39:46","slug":"e-mini-bulls-reverse-up-at-the-moving-average-but-upside-limited","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/e-mini-bulls-reverse-up-at-the-moving-average-but-upside-limited\/","title":{"rendered":"E-mini Bulls Reverse Up at the Moving Average, but Upside Limited"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Trading Update: Thursday May 21, 2026<\/h3>\n\n\n\n<h2 class=\"wp-block-heading\">E-mini end of day video review<\/h2>\n\n\n\n<div class=\"wp-block-stackable-video-popup stk-block-video-popup stk-block stk-3613f63\" data-video=\"https:\/\/youtu.be\/XBoSTfMnsOE\" data-block-id=\"3613f63\"><div class=\"stk-block-video-popup__overlay stk-row stk-inner-blocks stk-block-content stk-hover-parent\" aria-label=\"Play Video\" tabindex=\"0\" role=\"button\">\n<div class=\"wp-block-stackable-icon stk-block-icon has-text-align-center stk-block stk-3b23586\" data-block-id=\"3b23586\"><span class=\"stk--svg-wrapper\"><div class=\"stk--inner-svg\"><svg style=\"height:0;width:0\"><defs><linearGradient id=\"linear-gradient-3b23586\" x1=\"0\" x2=\"100%\" y1=\"0\" y2=\"0\"><stop offset=\"0%\" style=\"stop-opacity:1;stop-color:var(--linear-gradient-3-b-23586-color-1)\"><\/stop><stop offset=\"100%\" style=\"stop-opacity:1;stop-color:var(--linear-gradient-3-b-23586-color-2)\"><\/stop><\/linearGradient><\/defs><\/svg><svg data-prefix=\"fas\" data-icon=\"play\" class=\"svg-inline--fa fa-play fa-w-14\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\" aria-hidden=\"true\" width=\"32\" height=\"32\"><path fill=\"currentColor\" d=\"M424.4 214.7L72.4 6.6C43.8-10.3 0 6.1 0 47.9V464c0 37.5 40.7 60.1 72.4 41.3l352-208c31.4-18.5 31.5-64.1 0-82.6z\"><\/path><\/svg><\/div><\/span><\/div>\n\n\n\n<div class=\"wp-block-stackable-image stk-block-image stk-block stk-ffd64c8\" data-block-id=\"ffd64c8\"><figure><span class=\"stk-img-wrapper stk-image--shape-stretch\"><img loading=\"lazy\" decoding=\"async\" class=\"stk-img wp-image-265945\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/03\/Joseph-Imbornone-EOD-Video.jpg\" width=\"1920\" height=\"1080\" alt=\"Joseph Imbornone EOD Video\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/03\/Joseph-Imbornone-EOD-Video.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/03\/Joseph-Imbornone-EOD-Video-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/03\/Joseph-Imbornone-EOD-Video-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/03\/Joseph-Imbornone-EOD-Video-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/03\/Joseph-Imbornone-EOD-Video-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/span><\/figure><\/div>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">S&amp;P E-mini market analysis<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">E-mini daily chart<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The E-mini on the daily chart has been in a tight channel for many bars and has pulled back to the moving average over the past three days.<\/li>\n\n\n\n<li>It came close to the moving average before finding buyers yesterday and reversing up, forming a bull bar that closed on its high.<\/li>\n\n\n\n<li>The bulls expect a second leg up after yesterday\u2019s close and a test back to the May 14 high close.<\/li>\n\n\n\n<li>One problem for the bulls is that the E-mini will likely need to test the daily moving average fairly soon, which limits the upside potential.<\/li>\n\n\n\n<li>Today will probably form a disappointment bar for both the bulls and the bears.<\/li>\n\n\n\n<li>Even if the bears generate poor follow-through for the bulls, buyers will likely emerge below today\u2019s low, raising the odds of a second leg up.<\/li>\n\n\n\n<li>Overall, the E-mini is likely to go sideways for the next several bars as the market gets closer to the moving average.<\/li>\n\n\n\n<li>The odds favor a test of the daily moving average and a test of the all-time high, which is the May 14 high; overall, however, the odds favor sideways trading.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">E-mini 5-minute chart and what to expect today<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Today gapped down at the open and traded sideways for the first three bars.<\/li>\n\n\n\n<li>That sideways action led to an upside breakout on bar 5, followed by three consecutive follow-through bars.<\/li>\n\n\n\n<li>Bar 8 was a high 1 buy, but given the trading range price action, the market pulled back deeply to the bar 11 low.<\/li>\n\n\n\n<li>At this point, the market had formed big up, big down price action, increasing the odds of sideways trading.<\/li>\n\n\n\n<li>The bears who sold the close of bar 11 endured a deep pullback before ultimately getting a second leg down below the bar 4 low, where buyers emerged. The bulls who bought around bar 7 and scaled in lower were ultimately able to exit without a loss near bar 32.<\/li>\n\n\n\n<li>Today has had extensive trading range price action and is forming a triangle \u2014 a breakout mode pattern \u2014 as the market decides on the direction of the breakout.<\/li>\n\n\n\n<li>In general, there is a 50 percent chance the initial breakout succeeds and a 50 percent chance it fails and reverses.<\/li>\n\n\n\n<li>With this many sideways bars, the odds favor continued trading range price action for the rest of the day.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Yesterday&#8217;s E-mini setups<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Gap-Up-then-Spike-and-Channel-Bull-Trend-Day.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Gap-Up-then-Spike-and-Channel-Bull-Trend-Day-680x383.jpg\" alt=\"SP500 E-mini Gap Up then Spike and Channel Bull Trend Day\" class=\"wp-image-270148\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Gap-Up-then-Spike-and-Channel-Bull-Trend-Day-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Gap-Up-then-Spike-and-Channel-Bull-Trend-Day-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Gap-Up-then-Spike-and-Channel-Bull-Trend-Day-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Gap-Up-then-Spike-and-Channel-Bull-Trend-Day.jpg 1280w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<p><em>Richard created the SP500 E-mini chart.<\/em><\/p>\n\n\n\n<p class=\"caption\">Here are reasonable stop entry setups from yesterday. Chart shows each buy entry bar with a green arrow and each sell entry bar with a red arrow. Buyers of the Brooks Trading Course have access to a near 4-year library of detailed explanations of swing trade setups (see Online Course\/BTC Daily Setups) linked to the Brooks Encyclopedia of Chart Patterns product.<\/p>\n\n\n\n<p class=\"caption\">The goal with these charts is to present an Always In perspective. If a trader was trying to be Always In or nearly Always In a position all day, and he was not currently in the market, these entries would be logical times for him to enter. These therefore are swing entries.<\/p>\n\n\n\n<p class=\"caption\">It is important to understand that most swing setups do not lead to swing trades. As soon as traders are disappointed, many exit. Those who exit prefer to get out with a small profit (scalp), but often have to exit with a small loss.<\/p>\n\n\n\n<p class=\"caption\">If the risk is too big for your account, you should wait for trades with less risk or trade an alternative market like the Micro E-mini.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Summary of today&#8217;s S&amp;P E-mini price action<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Lower-Trading-Range-Then-Bull-Breakout-into-Upper-Trading-Range.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Lower-Trading-Range-Then-Bull-Breakout-into-Upper-Trading-Range-680x383.jpg\" alt=\"SP500 E-mini Lower Trading Range Then Bull Breakout into Upper Trading Range\" class=\"wp-image-270199\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Lower-Trading-Range-Then-Bull-Breakout-into-Upper-Trading-Range-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Lower-Trading-Range-Then-Bull-Breakout-into-Upper-Trading-Range-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Lower-Trading-Range-Then-Bull-Breakout-into-Upper-Trading-Range-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Lower-Trading-Range-Then-Bull-Breakout-into-Upper-Trading-Range.jpg 1280w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<p><em>Richard created the SP500 E-mini chart.<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><em>See the <a rel=\"noreferrer noopener\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/analysis\/\" target=\"_blank\">weekly update<\/a> for a discussion of the price action on the weekly chart and for what to expect going into next week.<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Trading Room<\/h2>\n\n\n\n<p>Al Brooks and other presenters talk about the detailed E-mini price action real-time each day in the Brooks Trading Course <a href=\"https:\/\/www.brookstradingcourse.com\/online-day-trading-room\/\" target=\"_blank\" rel=\"noreferrer noopener\">trading room<\/a>. We offer a 2 day free trial.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Charts use Pacific Time<\/h3>\n\n\n\n<p>When times are mentioned, it is USA Pacific Time. The E-mini day session charts begin at 6:30 am PT and end at 1:15 pm PT which is 15 minutes after the NYSE closes. You can read background information on the market reports on the <a href=\"https:\/\/www.brookstradingcourse.com\/blog\/market-update\/\" target=\"_blank\" rel=\"noreferrer noopener\">Market Update<\/a> page.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Trading Update: Thursday May 21, 2026 E-mini end of day video review S&amp;P E-mini market analysis E-mini daily chart E-mini 5-minute chart and what to expect today Yesterday&#8217;s E-mini setups Richard created the SP500 E-mini chart. Here are reasonable stop entry setups from yesterday. Chart shows each buy entry bar with a green arrow and [&hellip;]<\/p>\n","protected":false},"author":5460,"featured_media":270148,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"shadow","_genesis_layout":"","footnotes":""},"categories":[153,136,241],"tags":[333,60,1965],"class_list":{"0":"post-270048","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-update","8":"category-analysis","9":"category-video","10":"tag-breakout","11":"tag-sp-emini","12":"tag-trading-range-day","13":"entry","14":"override","15":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Gap-Up-then-Spike-and-Channel-Bull-Trend-Day.jpg","author_info":{"display_name":"Brad","author_link":"https:\/\/www.brookstradingcourse.com\/es\/author\/brad-wolff\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/270048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/users\/5460"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/comments?post=270048"}],"version-history":[{"count":3,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/270048\/revisions"}],"predecessor-version":[{"id":270200,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/270048\/revisions\/270200"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/270148"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=270048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=270048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=270048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}