{"id":270050,"date":"2026-05-22T07:32:05","date_gmt":"2026-05-22T14:32:05","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=270050"},"modified":"2026-05-23T01:09:54","modified_gmt":"2026-05-23T08:09:54","slug":"e-mini-buyers-on-the-first-test-of-the-moving-average","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/e-mini-buyers-on-the-first-test-of-the-moving-average\/","title":{"rendered":"E-mini: Buyers on the First Test of the Moving Average"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Trading Update: Friday May 22, 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-bb9ca9e\" data-video=\"https:\/\/youtu.be\/ClJMg8LUA4g\" data-block-id=\"bb9ca9e\"><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-fa518aa\" data-block-id=\"fa518aa\"><span class=\"stk--svg-wrapper\"><div class=\"stk--inner-svg\"><svg style=\"height:0;width:0\"><defs><linearGradient id=\"linear-gradient-fa518aa\" x1=\"0\" x2=\"100%\" y1=\"0\" y2=\"0\"><stop offset=\"0%\" style=\"stop-opacity:1;stop-color:var(--linear-gradient-fa-518-aa-color-1)\"><\/stop><stop offset=\"100%\" style=\"stop-opacity:1;stop-color:var(--linear-gradient-fa-518-aa-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-eaab6d1\" data-block-id=\"eaab6d1\"><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 up for the past several months and is currently testing back to the May 14 high close.<\/li>\n\n\n\n<li>May 20 formed a bull reversal bar, and yesterday the bulls got a follow-through bar.<\/li>\n\n\n\n<li>Because the channel up is tight, the odds of the bears getting a strong reversal down are limited. This increases the risk that there will be buyers below today&#8217;s low and that the market may try to rally on the open to test the May 14 high close.<\/li>\n\n\n\n<li>At the moment, the odds favor the market going above the all-time high and then testing back down to the moving average.<\/li>\n\n\n\n<li>The market has been away from the moving average for so many bars that the odds favor a test of it fairly soon, but there will likely be buyers there.<\/li>\n\n\n\n<li>The bears realistically need more selling pressure if they are going to start taking control.<\/li>\n\n\n\n<li>The tight channel up on the daily chart is a breakout on a higher time frame, such as the weekly chart, which means any reversal down will likely find buyers.<\/li>\n\n\n\n<li>Even if the market breaks below the moving average and 7,300, there will likely be buyers not far below it.<\/li>\n\n\n\n<li>Even if the market sells off to 7,000, it will likely form a higher low in a large trading range and try to test back up to the all-time highs.<\/li>\n\n\n\n<li>Overall, the bulls are in control, and therefore the downside is likely limited.<\/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>The E-mini gapped up on the open and formed a follow-through bar on bars 1 and 2, which increases the odds that the bulls will try to get a second leg up.<\/li>\n\n\n\n<li>The gap up was about 48% of the average daily range, so the day&#8217;s range is likely set, which increases the odds of a measured move based on the opening range by around bar 9.<\/li>\n\n\n\n<li>The bears got a sell-off in an opening reversal from the bar 3 high, which is good for the bears.<\/li>\n\n\n\n<li>The market is still at support based on the moving average and at the bottom of the breakout bars 1 and 2.<\/li>\n\n\n\n<li>The bears need to break far below the bar 1 low and the moving average to convince traders they are taking control.<\/li>\n\n\n\n<li>Otherwise, the market is probably evolving into a trading range, and there will likely be buyers around the bar 9 low.<\/li>\n\n\n\n<li>Bars 9 and 10 are forming a low 1 short, but they are also a possible parabolic wedge bottom with bars 5, 8, and 11, which reduces the odds of a successful downside breakout without a trading range first.<\/li>\n\n\n\n<li>While the bears are trying to get a strong breakout below the bar 8 low on bar 11, they need to do more. At the moment, the odds favor a trading range open, which means the market will probably have to bounce to relieve the trapped bulls.<\/li>\n\n\n\n<li>Less likely, the bears form a strong downside breakout below bar 8, forcing the bulls to give up and leading to a sustained sell-off.<\/li>\n\n\n\n<li>Today is Friday, so weekly support and resistance are important. The weekly chart is currently forming a bull bar, and the bulls are hoping it closes on its high as a high 1 buy signal bar at today&#8217;s high of 7,516.25.<\/li>\n\n\n\n<li>However, today is probably not going to close on its high, and the bears will likely create some kind of tail above the bar&#8217;s high, disappointing the bulls.<\/li>\n\n\n\n<li>Because of the sell-off from the bar 3 high to the bar 11 low, today is unlikely to be a strong bull trend day, but because of the buying pressure from the gap up on the open and the consecutive bull bars on bars 1 and 2, the odds are also against a strong bear trend day.<\/li>\n\n\n\n<li>This increases the risk of a trading range because the bulls got trapped buying the bar 2 close, and some will buy more below bar 1 and the moving average.<\/li>\n\n\n\n<li>This increases the risk that bar 11 leads to a parabolic wedge and a reversal attempt back above the bar 2 close.<\/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-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<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-Gap-Up-Then-Sideways-Trading-Range-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-Sideways-Trading-Range-Day-680x383.jpg\" alt=\"SP500 E-mini Gap Up Then Sideways Trading Range Day\" class=\"wp-image-270285\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Gap-Up-Then-Sideways-Trading-Range-Day-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Gap-Up-Then-Sideways-Trading-Range-Day-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Gap-Up-Then-Sideways-Trading-Range-Day-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Gap-Up-Then-Sideways-Trading-Range-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<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: Friday May 22, 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":270199,"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":[60,1965],"class_list":{"0":"post-270050","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-sp-emini","11":"tag-trading-range-day","12":"entry","13":"override","14":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Lower-Trading-Range-Then-Bull-Breakout-into-Upper-Trading-Range.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\/270050","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=270050"}],"version-history":[{"count":3,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/270050\/revisions"}],"predecessor-version":[{"id":270287,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/270050\/revisions\/270287"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/270199"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=270050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=270050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=270050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}