S&P500 E-mini futures<\/h2>\n\n\n\nThe Monthly<\/em> E-mini chart<\/h3>\n\n\n\n![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/Emini-Monthly-Pullback-Around-Trend-Channel-Line-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- June traded slightly higher but closed as a bear doji in its upper half with a long tail below.<\/li>\n\n\n\n
- Last month<\/a>, we said traders would watch whether bulls could create follow-through buying to test near the 8000 measured move target, or whether the market would trade higher but start forming candlesticks with prominent upper tails, closing below the middle of their ranges, or bear bodies instead.<\/li>\n\n\n\n
- Bulls want a measured move to around 8000 based on the height of the April spike bar.<\/li>\n\n\n\n
- Bulls see the current move as a pullback and want it to remain weak and sideways, forming prominent lower tails.<\/li>\n\n\n\n
- If the market trades lower, bulls hope the May low or the breakout point (January 28) will act as support.<\/li>\n\n\n\n
- Bears want a failed breakout above the bull trend channel line, followed by a retest of the bull trend line.<\/li>\n\n\n\n
- They see the current move as part of a climactic rally late in a trend.<\/li>\n\n\n\n
- If the market trades higher, bears hope the June doji bar will be the final flag of the move.<\/li>\n\n\n\n
- Bears hope any move higher will lack follow-through buying, forming prominent upper tails or bear bodies instead.<\/li>\n\n\n\n
- Bears need to create strong bear bars to indicate strength. Without that, traders will be reluctant to sell aggressively.<\/li>\n\n\n\n
- The last two candlesticks have been mostly overlapping, indicating the market is in a small sideways trading range.<\/li>\n\n\n\n
- Big bull bars late in a trend (April and May) can be part of a buy climax.<\/li>\n\n\n\n
- Consecutive bull bars closing near their highs indicate bullish strength.<\/li>\n\n\n\n
- A strong momentum move can last longer than traders expect and sometimes ends in a parabolic buy climax or a blow-off top.<\/li>\n\n\n\n
- The June doji bar with a promient tail below is not a strong sell signal bar. There could be buyers below it.<\/li>\n\n\n\n
- Traders will watch whether bulls can create more bull bars to test near the 8000 measured move target.<\/li>\n\n\n\n
- Or whether the market continues to stall around the trend channel line area, forming candlesticks with prominent upper tails, closing below the middle of their ranges, or bear bodies instead.<\/li>\n\n\n\n
- Breakouts above or below trend channel lines typically fail within 2\u20135 bars (months).<\/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\/07\/E-mini-Weekly-Bears-Want-DT-BF-Bulls-Want-DB-BF-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This week formed an inside bull bar closing slightly above the middle of its range with a prominent tail above.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would watch whether bears could generate strong follow-through selling to test the 20-week EMA or the April 23 low area, or whether the pullback would remain mostly sideways while holding above the 20-week EMA.<\/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 recent move (June 26) as a two-legged pullback and want the June 9 low or the 20-week EMA to act as support, forming a double bottom bull flag.<\/li>\n\n\n\n
- Bulls want the pullback to remain weak and sideways, lacking follow-through selling, with overlapping candlesticks and prominent lower tails.<\/li>\n\n\n\n
- Bulls hope the pullback has alleviated the recent overbought conditions and want a retest of the all-time high.<\/li>\n\n\n\n
- Bulls need a strong bull entry bar, triggering a High 2 buy setup with sustained follow-through buying to increase the odds of a trend resumption.<\/li>\n\n\n\n
- If the market trades lower, bulls want the June 9 low, the 20-week EMA, or the April 23 low to act as support.<\/li>\n\n\n\n
- Bears want a reversal from a trend channel line overshoot, followed by 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 want a two-legged sideways-to-down pullback lasting several weeks.<\/li>\n\n\n\n
- If the market trades higher, bears want the June 15 high to act as resistance, forming a double top bear flag and a lower high major trend reversal.<\/li>\n\n\n\n
- Bears need consecutive strong bear bars breaking decisively below the 20-week EMA 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
- Failed breakouts above a trend channel line can lead to a test of the bull trend line.<\/li>\n\n\n\n
- However, if the pullback remains mostly sideways, with overlapping candlesticks and prominent lower tails, it can indicate strong bulls and increase the odds of trend continuation after the pullback.<\/li>\n\n\n\n
- Traders will watch whether the pullback remains mostly sideways while holding above the 20-week EMA and whether bulls can create strong bull bars to retest the all-time high.<\/li>\n\n\n\n
- Or will the attempt to resume the trend be weak, stalling around the June 15 high area instead? If so, and this persists for several weeks, the odds of bears getting a deeper pullback toward the April 23 low area will increase.<\/li>\n\n\n\n
- For now, the current pullback is likely to remain 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
![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/Emini-Monthly-Pullback-Around-Trend-Channel-Line.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- June traded slightly higher but closed as a bear doji in its upper half with a long tail below.<\/li>\n\n\n\n
- Last month<\/a>, we said traders would watch whether bulls could create follow-through buying to test near the 8000 measured move target, or whether the market would trade higher but start forming candlesticks with prominent upper tails, closing below the middle of their ranges, or bear bodies instead.<\/li>\n\n\n\n
- Bulls want a measured move to around 8000 based on the height of the April spike bar.<\/li>\n\n\n\n
- Bulls see the current move as a pullback and want it to remain weak and sideways, forming prominent lower tails.<\/li>\n\n\n\n
- If the market trades lower, bulls hope the May low or the breakout point (January 28) will act as support.<\/li>\n\n\n\n
- Bears want a failed breakout above the bull trend channel line, followed by a retest of the bull trend line.<\/li>\n\n\n\n
- They see the current move as part of a climactic rally late in a trend.<\/li>\n\n\n\n
- If the market trades higher, bears hope the June doji bar will be the final flag of the move.<\/li>\n\n\n\n
- Bears hope any move higher will lack follow-through buying, forming prominent upper tails or bear bodies instead.<\/li>\n\n\n\n
- Bears need to create strong bear bars to indicate strength. Without that, traders will be reluctant to sell aggressively.<\/li>\n\n\n\n
- The last two candlesticks have been mostly overlapping, indicating the market is in a small sideways trading range.<\/li>\n\n\n\n
- Big bull bars late in a trend (April and May) can be part of a buy climax.<\/li>\n\n\n\n
- Consecutive bull bars closing near their highs indicate bullish strength.<\/li>\n\n\n\n
- A strong momentum move can last longer than traders expect and sometimes ends in a parabolic buy climax or a blow-off top.<\/li>\n\n\n\n
- The June doji bar with a promient tail below is not a strong sell signal bar. There could be buyers below it.<\/li>\n\n\n\n
- Traders will watch whether bulls can create more bull bars to test near the 8000 measured move target.<\/li>\n\n\n\n
- Or whether the market continues to stall around the trend channel line area, forming candlesticks with prominent upper tails, closing below the middle of their ranges, or bear bodies instead.<\/li>\n\n\n\n
- Breakouts above or below trend channel lines typically fail within 2\u20135 bars (months).<\/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 an inside bull bar closing slightly above the middle of its range with a prominent tail above.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would watch whether bears could generate strong follow-through selling to test the 20-week EMA or the April 23 low area, or whether the pullback would remain mostly sideways while holding above the 20-week EMA.<\/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 recent move (June 26) as a two-legged pullback and want the June 9 low or the 20-week EMA to act as support, forming a double bottom bull flag.<\/li>\n\n\n\n
- Bulls want the pullback to remain weak and sideways, lacking follow-through selling, with overlapping candlesticks and prominent lower tails.<\/li>\n\n\n\n
- Bulls hope the pullback has alleviated the recent overbought conditions and want a retest of the all-time high.<\/li>\n\n\n\n
- Bulls need a strong bull entry bar, triggering a High 2 buy setup with sustained follow-through buying to increase the odds of a trend resumption.<\/li>\n\n\n\n
- If the market trades lower, bulls want the June 9 low, the 20-week EMA, or the April 23 low to act as support.<\/li>\n\n\n\n
- Bears want a reversal from a trend channel line overshoot, followed by 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 want a two-legged sideways-to-down pullback lasting several weeks.<\/li>\n\n\n\n
- If the market trades higher, bears want the June 15 high to act as resistance, forming a double top bear flag and a lower high major trend reversal.<\/li>\n\n\n\n
- Bears need consecutive strong bear bars breaking decisively below the 20-week EMA 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
- Failed breakouts above a trend channel line can lead to a test of the bull trend line.<\/li>\n\n\n\n
- However, if the pullback remains mostly sideways, with overlapping candlesticks and prominent lower tails, it can indicate strong bulls and increase the odds of trend continuation after the pullback.<\/li>\n\n\n\n
- Traders will watch whether the pullback remains mostly sideways while holding above the 20-week EMA and whether bulls can create strong bull bars to retest the all-time high.<\/li>\n\n\n\n
- Or will the attempt to resume the trend be weak, stalling around the June 15 high area instead? If so, and this persists for several weeks, the odds of bears getting a deeper pullback toward the April 23 low area will increase.<\/li>\n\n\n\n
- For now, the current pullback is likely to remain 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