{"id":270240,"date":"2026-05-26T10:17:50","date_gmt":"2026-05-26T17:17:50","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=270240"},"modified":"2026-05-27T07:41:58","modified_gmt":"2026-05-27T14:41:58","slug":"e-mini-testing-may-all-time-high","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/e-mini-testing-may-all-time-high\/","title":{"rendered":"E-mini Testing May All-Time High"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Trading Update: Tuesday May 27, 2026<\/h3>\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 daily chart of the E-mini has continued to form a tight bull channel, and the strength of that channel increases the probability that any reversal down is more likely to go sideways than to fall sharply.<\/li>\n\n\n\n<li>The bears almost reached the moving average with the sell-off down to the May 19 low, but buyers stepped in, and the market tested back to the previous all-time high on May 14 and broke above it today.<\/li>\n\n\n\n<li>The bears ultimately need to increase the selling pressure, and while making the market go sideways is a start and is good for them, they need to do more.<\/li>\n\n\n\n<li>Even if the bears get the moving average, which the odds favor, a trading range is still more likely because the market has been away from the moving average for so many bars.<\/li>\n\n\n\n<li>The odds still favor a test of the moving average.<\/li>\n\n\n\n<li>The bears are hopeful that today will form a failed breakout above the all-time high and close on its low, while the bulls obviously want the opposite.<\/li>\n\n\n\n<li>Today is probably not going to close on its low, and even if it closes around the midpoint of the bar, it will still be disappointing for the bulls.<\/li>\n\n\n\n<li>Traders will see today as a possible failed breakout above the May 14 highs because the market has been in a micro channel over the past 3 days.<\/li>\n\n\n\n<li>The downside risk is probably limited below today&#8217;s low.<\/li>\n\n\n\n<li>Overall, the odds favor continued sideways trading as a test of the moving average.<\/li>\n\n\n\n<li>The recent test on May 19 is probably not a close enough test for traders to agree, so the market will probably have to trade back down and reach the moving average on the daily chart.<\/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 market gapped up on the open and formed a bear bar on bar 1. However, it was a sell climax on the Globex chart, which increased the risk of buyers below the bar 1 low.<\/li>\n\n\n\n<li>Bar 2 formed an opening reversal but failed to close on its high, and because of the gap up, the odds favored at least a second leg, which followed as price went above the bar 1 high.<\/li>\n\n\n\n<li>Bars 3 and 4 were a strong enough bull breakout with follow-through that the odds favored a second leg up and buyers on a pullback, which increased the risk that there would be buyers on bar 5 willing to scale in lower.<\/li>\n\n\n\n<li>With bar 5 having a deep pullback for the bulls, that increased the probability that the upside would be limited.<\/li>\n\n\n\n<li>With the market testing above the all-time high from May 14, that also increased the risk that there would be sellers around the 7,550 price level.<\/li>\n\n\n\n<li>The market formed a parabolic wedge with bar 16, and it was reasonable for the bulls to exit, expecting at least a couple of legs down.<\/li>\n\n\n\n<li>The bears got an endless pullback in a bear breakout on bar 19 that was likely to get a second leg down.<\/li>\n\n\n\n<li>Although the bears did a good job with bar 19, the downside was likely limited, and the closer the market reached to the bar 2 low of the day, the more likely it was to find buyers.<\/li>\n\n\n\n<li>The bears got a strong breakout on bars 27, 28, and 29; however, they failed to get a strong breakout with solid follow-through below the bar 2 low and ended up forming a parabolic wedge bottom.<\/li>\n\n\n\n<li>The bulls got a reversal on bar 30 that was a strong enough full reversal bar that it increased the probability of the market forming a trading range and going sideways as far as bar 45.<\/li>\n\n\n\n<li>The bulls have built enough buying pressure that there is increased risk the market may test back to the 7,540 price level, which is near the midpoint of the day&#8217;s range.<\/li>\n\n\n\n<li>Overall, today is likely to continue to form a trading range and is unlikely to get a measured move down based on the opening rally up to bar 15.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Last Friday&#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-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<p class=\"caption\">Here are reasonable stop entry setups from last Friday (before Monday bank holiday). 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-Wedge-Flag-and-Then-Bear-Channel-into-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-Wedge-Flag-and-Then-Bear-Channel-into-Trading-Range-680x383.jpg\" alt=\"SP500 E-mini Wedge Flag and Then Bear Channel into Trading Range\" class=\"wp-image-270518\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Wedge-Flag-and-Then-Bear-Channel-into-Trading-Range-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Wedge-Flag-and-Then-Bear-Channel-into-Trading-Range-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Wedge-Flag-and-Then-Bear-Channel-into-Trading-Range-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Wedge-Flag-and-Then-Bear-Channel-into-Trading-Range.jpg 1280w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<p><em>Jed created the SP500 E-mini chart.<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">E-mini end of day video review<\/h3>\n\n\n\n<p>Periodic end of day review videos will be moved to top of page when done.<\/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: Tuesday May 27, 2026 S&amp;P E-mini market analysis E-mini daily chart E-mini 5-minute chart and what to expect today Last Friday&#8217;s E-mini setups Richard created the SP500 E-mini chart. Here are reasonable stop entry setups from last Friday (before Monday bank holiday). Chart shows each buy entry bar with a green arrow and [&hellip;]<\/p>\n","protected":false},"author":5460,"featured_media":270285,"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],"tags":[60],"class_list":{"0":"post-270240","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-update","8":"category-analysis","9":"tag-sp-emini","10":"entry","11":"override","12":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Gap-Up-Then-Sideways-Trading-Range-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\/270240","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=270240"}],"version-history":[{"count":3,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/270240\/revisions"}],"predecessor-version":[{"id":270526,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/270240\/revisions\/270526"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/270285"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=270240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=270240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=270240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}