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\/2026\/06\/E-mini-Weekly-Bulls-Want-Retest-ATH-Bears-Want-LH-MTR-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This week formed a doji bar closing in its upper half with a long tail below.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would watch whether bears could create a strong bear entry bar testing near the April 23 low area, or whether the market would trade slightly lower but find more buyers below the tight bull channel, followed by a retest of the all-time high within the next few weeks.<\/li>\n\n\n\n
- The market traded lower during the first half of the week but pulled back up by Friday.<\/li>\n\n\n\n
- Bulls generated a strong rally in a spike and bull channel from the March 30 low.<\/li>\n\n\n\n
- Bulls want a measured move to around 8000, based on the height of the initial spike (from the March 30 low to the April 17 high).<\/li>\n\n\n\n
- Bulls see the last two weeks as a pullback and want at least a small sideways-to-up leg to retest the all-time high.<\/li>\n\n\n\n
- Bulls want the pullback to be weak and sideways, lacking follow-through, with overlapping candlesticks and prominent lower tails.<\/li>\n\n\n\n
- Bulls hope there are more buyers below the tight bull channel. So far, this appears to be the case.<\/li>\n\n\n\n
- They hope the pullback has alleviated the recent overbought conditions.<\/li>\n\n\n\n
- Bulls need to generate a strong bull entry bar triggering the High 1 buy setup, followed by sustained buying, to increase the odds of trend resumption.<\/li>\n\n\n\n
- If the market trades lower, bulls want the 20-week EMA or the April 23 low (the start of the bull channel) to act as support.<\/li>\n\n\n\n
- Bears view the recent move as an unsustainable buy climax.<\/li>\n\n\n\n
- Bears want a failed breakout above the trend channel line within a few bars. So far, the market has traded back into the bull channel.<\/li>\n\n\n\n
- Bears target a test of the April 23 low, which marked the start of the bull channel, or a test of the bull trend line.<\/li>\n\n\n\n
- Bears hope for a two-legged sideways-to-down pullback lasting a few weeks.<\/li>\n\n\n\n
- If the market trades higher, bears want a weak retest of the trend extreme, forming a lower high major trend reversal or a small double top.<\/li>\n\n\n\n
- Bears need to create strong consecutive bear bars to indicate strength. Without that, traders will be reluctant to sell aggressively.<\/li>\n\n\n\n
- Previously, the market rallied in a strong spike and channel bull trend, breaking above the trend channel line.<\/li>\n\n\n\n
- Breakouts above a trend channel line typically fail within two to five bars. So far, this appears to be the case.<\/li>\n\n\n\n
- A failed breakout above a trend channel line can potentially lead to a test of the bull trend line.<\/li>\n\n\n\n
- However, if the pullback is mostly sideways, with overlapping candlesticks and prominent lower tails, it can indicate strong bulls and increase the odds of a trend continuation after the pullback.<\/li>\n\n\n\n
- The pullback over the last two weeks was the first sign of bearish strength since the rally began at the end of March. The first pullback may only be minor.<\/li>\n\n\n\n
- The long tail below this week\u2019s candlestick suggests that bears are not yet strong.<\/li>\n\n\n\n
- Traders will watch whether bulls can trigger the H1 buy entry with sustained follow-through buying to retest the all-time high or whether whether bears can create a second leg sideways to down.<\/li>\n\n\n\n
- For now, any sideways-to-down pullback would likely be minor, even if it lasts a few weeks.<\/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\/2026\/06\/E-mini-Daily-Bulls-Target-ATH-Retest-Bears-Target-2nd-Leg-Down-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The market traded lower on Tuesday, forming an outside bear bar with a long tail below. Wednesday retested the June 9 low and closed as an inside bar. By Friday, the market had retested the 20-day EMA.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would watch whether bears could create a strong two-legged sideways-to-down pullback toward the April 23 low area, or whether the move would remain weak and sideways, with overlapping candlesticks, prominent lower tails, and bull bars.<\/li>\n\n\n\n
- Bears view the recent rally (June 1) as overextended and climactic.<\/li>\n\n\n\n
- Bears want a reversal from a wedge top (May 1, May 14, and June 1) and a higher high major trend reversal (the May 19 pullback broke below a minor bull trend line, followed by a higher-high test on June 1).<\/li>\n\n\n\n
- Bears want a failed breakout above the trend channel line, followed by a pullback to test the bull trend line.<\/li>\n\n\n\n
- At a minimum, bears want a pullback to test the start of the channel around the April 23 low area.<\/li>\n\n\n\n
- Bears see this week as a pullback and want a larger second leg sideways to down.<\/li>\n\n\n\n
- They want a retest of the June 9 low, even if it only forms a higher low.<\/li>\n\n\n\n
- If the market trades higher, bears want the retest of the all-time high to be weak, forming a lower high major trend reversal or a double top.<\/li>\n\n\n\n
- Bears need consecutive strong bear bars to show decisive control.<\/li>\n\n\n\n
- Previously, bulls generated a strong spike and channel bull trend.<\/li>\n\n\n\n
- Bulls want a measured move to around 8000, based on the height of the initial spike (from the March 30 low to the April 17 high).<\/li>\n\n\n\n
- Bulls see the last two weeks as a pullback and want a retest of the all-time high.<\/li>\n\n\n\n
- Bulls want the pullback to be weak and sideways, with overlapping candlesticks, bull bars, and prominent lower tails.<\/li>\n\n\n\n
- They hope the move has alleviated the recent overbought conditions.<\/li>\n\n\n\n
- Bulls need consecutive strong bull bars trading above the 20-day EMA to increase the odds of a retest of the all-time high and trend resumption.<\/li>\n\n\n\n
- The pullback over the last two weeks broke below the bull channel, marking the first significant sign of bearish strength since the March 30 low.<\/li>\n\n\n\n
- Traders will watch whether bears can create a larger second leg sideways to down to retest the June 9 low or the April 23 low.<\/li>\n\n\n\n
- Or traders will watch whether the move remains weak and sideways, with overlapping candlesticks, prominent lower tails, and bull bars, increasing the odds of a retest of the all-time high within the next few weeks.<\/li>\n\n\n\n
- Traders expect at least a small sideways-to-up leg to retest the all-time high after the pullback, whether it forms a lower high or continues the trend.<\/li>\n\n\n\n
- For now, the pullback may only be minor.<\/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\/2026\/06\/E-mini-Weekly-Bulls-Want-Retest-ATH-Bears-Want-LH-MTR.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- This week formed a doji bar closing in its upper half with a long tail below.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would watch whether bears could create a strong bear entry bar testing near the April 23 low area, or whether the market would trade slightly lower but find more buyers below the tight bull channel, followed by a retest of the all-time high within the next few weeks.<\/li>\n\n\n\n
- The market traded lower during the first half of the week but pulled back up by Friday.<\/li>\n\n\n\n
- Bulls generated a strong rally in a spike and bull channel from the March 30 low.<\/li>\n\n\n\n
- Bulls want a measured move to around 8000, based on the height of the initial spike (from the March 30 low to the April 17 high).<\/li>\n\n\n\n
- Bulls see the last two weeks as a pullback and want at least a small sideways-to-up leg to retest the all-time high.<\/li>\n\n\n\n
- Bulls want the pullback to be weak and sideways, lacking follow-through, with overlapping candlesticks and prominent lower tails.<\/li>\n\n\n\n
- Bulls hope there are more buyers below the tight bull channel. So far, this appears to be the case.<\/li>\n\n\n\n
- They hope the pullback has alleviated the recent overbought conditions.<\/li>\n\n\n\n
- Bulls need to generate a strong bull entry bar triggering the High 1 buy setup, followed by sustained buying, to increase the odds of trend resumption.<\/li>\n\n\n\n
- If the market trades lower, bulls want the 20-week EMA or the April 23 low (the start of the bull channel) to act as support.<\/li>\n\n\n\n
- Bears view the recent move as an unsustainable buy climax.<\/li>\n\n\n\n
- Bears want a failed breakout above the trend channel line within a few bars. So far, the market has traded back into the bull channel.<\/li>\n\n\n\n
- Bears target a test of the April 23 low, which marked the start of the bull channel, or a test of the bull trend line.<\/li>\n\n\n\n
- Bears hope for a two-legged sideways-to-down pullback lasting a few weeks.<\/li>\n\n\n\n
- If the market trades higher, bears want a weak retest of the trend extreme, forming a lower high major trend reversal or a small double top.<\/li>\n\n\n\n
- Bears need to create strong consecutive bear bars to indicate strength. Without that, traders will be reluctant to sell aggressively.<\/li>\n\n\n\n
- Previously, the market rallied in a strong spike and channel bull trend, breaking above the trend channel line.<\/li>\n\n\n\n
- Breakouts above a trend channel line typically fail within two to five bars. So far, this appears to be the case.<\/li>\n\n\n\n
- A failed breakout above a trend channel line can potentially lead to a test of the bull trend line.<\/li>\n\n\n\n
- However, if the pullback is mostly sideways, with overlapping candlesticks and prominent lower tails, it can indicate strong bulls and increase the odds of a trend continuation after the pullback.<\/li>\n\n\n\n
- The pullback over the last two weeks was the first sign of bearish strength since the rally began at the end of March. The first pullback may only be minor.<\/li>\n\n\n\n
- The long tail below this week\u2019s candlestick suggests that bears are not yet strong.<\/li>\n\n\n\n
- Traders will watch whether bulls can trigger the H1 buy entry with sustained follow-through buying to retest the all-time high or whether whether bears can create a second leg sideways to down.<\/li>\n\n\n\n
- For now, any sideways-to-down pullback would likely be minor, even if it lasts a few weeks.<\/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 traded lower on Tuesday, forming an outside bear bar with a long tail below. Wednesday retested the June 9 low and closed as an inside bar. By Friday, the market had retested the 20-day EMA.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would watch whether bears could create a strong two-legged sideways-to-down pullback toward the April 23 low area, or whether the move would remain weak and sideways, with overlapping candlesticks, prominent lower tails, and bull bars.<\/li>\n\n\n\n
- Bears view the recent rally (June 1) as overextended and climactic.<\/li>\n\n\n\n
- Bears want a reversal from a wedge top (May 1, May 14, and June 1) and a higher high major trend reversal (the May 19 pullback broke below a minor bull trend line, followed by a higher-high test on June 1).<\/li>\n\n\n\n
- Bears want a failed breakout above the trend channel line, followed by a pullback to test the bull trend line.<\/li>\n\n\n\n
- At a minimum, bears want a pullback to test the start of the channel around the April 23 low area.<\/li>\n\n\n\n
- Bears see this week as a pullback and want a larger second leg sideways to down.<\/li>\n\n\n\n
- They want a retest of the June 9 low, even if it only forms a higher low.<\/li>\n\n\n\n
- If the market trades higher, bears want the retest of the all-time high to be weak, forming a lower high major trend reversal or a double top.<\/li>\n\n\n\n
- Bears need consecutive strong bear bars to show decisive control.<\/li>\n\n\n\n
- Previously, bulls generated a strong spike and channel bull trend.<\/li>\n\n\n\n
- Bulls want a measured move to around 8000, based on the height of the initial spike (from the March 30 low to the April 17 high).<\/li>\n\n\n\n
- Bulls see the last two weeks as a pullback and want a retest of the all-time high.<\/li>\n\n\n\n
- Bulls want the pullback to be weak and sideways, with overlapping candlesticks, bull bars, and prominent lower tails.<\/li>\n\n\n\n
- They hope the move has alleviated the recent overbought conditions.<\/li>\n\n\n\n
- Bulls need consecutive strong bull bars trading above the 20-day EMA to increase the odds of a retest of the all-time high and trend resumption.<\/li>\n\n\n\n
- The pullback over the last two weeks broke below the bull channel, marking the first significant sign of bearish strength since the March 30 low.<\/li>\n\n\n\n
- Traders will watch whether bears can create a larger second leg sideways to down to retest the June 9 low or the April 23 low.<\/li>\n\n\n\n
- Or traders will watch whether the move remains weak and sideways, with overlapping candlesticks, prominent lower tails, and bull bars, increasing the odds of a retest of the all-time high within the next few weeks.<\/li>\n\n\n\n
- Traders expect at least a small sideways-to-up leg to retest the all-time high after the pullback, whether it forms a lower high or continues the trend.<\/li>\n\n\n\n
- For now, the pullback may only be minor.<\/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