The Weekly<\/em> S&P 500 Emini chart<\/h3>\n\n\n\n![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/Emini-Weekly-Bulls-Want-Retest-20-Week-EMA-Need-FT-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This\u00a0week\u2019s\u00a0Emini candlestick\u00a0<\/a>was an outside bull bar closing near its high with a long tail below.<\/li>\n\n\n\n
- Last week<\/a>, we said the market could still be in the sideways to up pullback phase. Traders would see if the bulls could create at least a small second leg sideways to up leg to retest the April 9 high, or if the bears would be able to develop a follow-through bear bar instead.<\/li>\n\n\n\n
- The market traded lower early in the week but lacked follow-through selling. The market traded higher from Tuesday onward.<\/li>\n\n\n\n
- The bulls see the selloff (Apr 7) forming a major higher low.<\/li>\n\n\n\n
- They see the market being in a broad bull channel and want a resumption of the move.<\/li>\n\n\n\n
- They want a reversal from a higher low major trend reversal (Apr 21).<\/li>\n\n\n\n
- They want a large 2-legged sideways to up move to retest the 20-week EMA or the March 25 high. It could be underway.<\/li>\n\n\n\n
- They must create strong follow-through buying to increase the odds of a trend resumption.<\/li>\n\n\n\n
- The bears got a large 2-legged selloff testing the 200-week EMA in a tight bear channel.<\/li>\n\n\n\n
- They want the third leg down completing the wedge pattern after the pullback (the first two legs being the Mar 13 and Apr 4 lows).<\/li>\n\n\n\n
- They see the current move as a pullback. They want it to be weak, sideways, and lacking in follow-through buying. (overlapping candlesticks, doji(s), bear bars, long tails above candlesticks).<\/li>\n\n\n\n
- They hope to get at least a small sideways to down leg to retest the recent leg extreme low (April 7) even if it only forms a higher low.<\/li>\n\n\n\n
- They attempted to form a retest of the April 7 low this week, but the move lacked follow-through selling, forming a higher low (Apr 21).<\/li>\n\n\n\n
- If the market trades higher, they want it to stall below the March 25 high, forming a large double top bear flag.<\/li>\n\n\n\n
- They want the 100-week EMA, the bear trend line or the 20-week EMA to act as resistance.<\/li>\n\n\n\n
- The market is forming a 2-legged sideways to up pullback following the climactic and oversold conditions.<\/li>\n\n\n\n
- Since this week\u2019s candlestick was a bull bar closing near its high, it is a buy signal bar for next week.<\/li>\n\n\n\n
- The market can gap up next week. Small gaps usually close early.<\/li>\n\n\n\n
- Traders will see if the bulls can create a follow-through bull bar testing near the 20-week EMA.<\/li>\n\n\n\n
- Or will the market trade slightly higher but close with a long tail or a bear body instead?<\/li>\n\n\n\n
- For now, the market may still be in the sideways to up pullback phase.<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> S&P 500 Emini chart<\/h3>\n\n\n\n![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/Emini-Daily-Bulls-Need-Follow-through-Buying-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The market gapped down and traded lower on Monday. The market traded sideways to up from Tuesday onward.<\/li>\n\n\n\n
- Last week<\/a>, we said the market could still be in the sideways to up pullback phase. Traders would see if the bulls could create strong bull bars breaking far above the 20-day EMA and the bear trend line. Or if the market would stall below the 20-day EMA or the April 9 high followed by a retest of the April 7 low instead.<\/li>\n\n\n\n
- The market formed a retest of the recent low on Monday but the move lacked follow-through selling, creating a higher low.<\/li>\n\n\n\n
- The bulls want a reversal from a climactic selloff.<\/li>\n\n\n\n
- They got a larger second leg sideways to up, trading above the 20-day EMA.<\/li>\n\n\n\n
- They see the move on Monday (Apr 21) forming a higher low major trend reversal.<\/li>\n\n\n\n
- They want a retest of the March 25 high and the 200-day EMA.<\/li>\n\n\n\n
- If there is a pullback, they want it to form a double bottom bull flag with the April 21 low.<\/li>\n\n\n\n
- The bears see the current move as a 2-legged pullback testing the breakout point (Mar 31).<\/li>\n\n\n\n
- They want the market to form a lower high and a double top bear flag with the March 25 high. They see a smaller double top bear flag (Apr 9 and Apr 25).<\/li>\n\n\n\n
- They want the 20-day EMA, the bear trend line, or the March 25 high to act as resistance.<\/li>\n\n\n\n
- They hope to get another retest of the April 7 low after the pullback.<\/li>\n\n\n\n
- They must create strong bear bars to show they are back in control.<\/li>\n\n\n\n
- So far, the market formed a large second leg side sideways to up.<\/li>\n\n\n\n
- The market may still be in the sideways to up pullback phase.<\/li>\n\n\n\n
- Traders will see if the bulls can create more bull bars breaking far above the 20-day EMA and the bear trend line.<\/li>\n\n\n\n
- Or will the market trade slightly higher but stall and reverse below the 20-day EMA instead?<\/li>\n<\/ul>\n\n\n\n
Trading room<\/h2>\n\n\n\n
Al Brooks and other presenters talk about the detailed Emini price action real-time each day in the BrooksPriceAction.com 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
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- This\u00a0week\u2019s\u00a0Emini candlestick\u00a0<\/a>was an outside bull bar closing near its high with a long tail below.<\/li>\n\n\n\n
- Last week<\/a>, we said the market could still be in the sideways to up pullback phase. Traders would see if the bulls could create at least a small second leg sideways to up leg to retest the April 9 high, or if the bears would be able to develop a follow-through bear bar instead.<\/li>\n\n\n\n
- The market traded lower early in the week but lacked follow-through selling. The market traded higher from Tuesday onward.<\/li>\n\n\n\n
- The bulls see the selloff (Apr 7) forming a major higher low.<\/li>\n\n\n\n
- They see the market being in a broad bull channel and want a resumption of the move.<\/li>\n\n\n\n
- They want a reversal from a higher low major trend reversal (Apr 21).<\/li>\n\n\n\n
- They want a large 2-legged sideways to up move to retest the 20-week EMA or the March 25 high. It could be underway.<\/li>\n\n\n\n
- They must create strong follow-through buying to increase the odds of a trend resumption.<\/li>\n\n\n\n
- The bears got a large 2-legged selloff testing the 200-week EMA in a tight bear channel.<\/li>\n\n\n\n
- They want the third leg down completing the wedge pattern after the pullback (the first two legs being the Mar 13 and Apr 4 lows).<\/li>\n\n\n\n
- They see the current move as a pullback. They want it to be weak, sideways, and lacking in follow-through buying. (overlapping candlesticks, doji(s), bear bars, long tails above candlesticks).<\/li>\n\n\n\n
- They hope to get at least a small sideways to down leg to retest the recent leg extreme low (April 7) even if it only forms a higher low.<\/li>\n\n\n\n
- They attempted to form a retest of the April 7 low this week, but the move lacked follow-through selling, forming a higher low (Apr 21).<\/li>\n\n\n\n
- If the market trades higher, they want it to stall below the March 25 high, forming a large double top bear flag.<\/li>\n\n\n\n
- They want the 100-week EMA, the bear trend line or the 20-week EMA to act as resistance.<\/li>\n\n\n\n
- The market is forming a 2-legged sideways to up pullback following the climactic and oversold conditions.<\/li>\n\n\n\n
- Since this week\u2019s candlestick was a bull bar closing near its high, it is a buy signal bar for next week.<\/li>\n\n\n\n
- The market can gap up next week. Small gaps usually close early.<\/li>\n\n\n\n
- Traders will see if the bulls can create a follow-through bull bar testing near the 20-week EMA.<\/li>\n\n\n\n
- Or will the market trade slightly higher but close with a long tail or a bear body instead?<\/li>\n\n\n\n
- For now, the market may still be in the sideways to up pullback phase.<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> S&P 500 Emini chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n- \n
- The market gapped down and traded lower on Monday. The market traded sideways to up from Tuesday onward.<\/li>\n\n\n\n
- Last week<\/a>, we said the market could still be in the sideways to up pullback phase. Traders would see if the bulls could create strong bull bars breaking far above the 20-day EMA and the bear trend line. Or if the market would stall below the 20-day EMA or the April 9 high followed by a retest of the April 7 low instead.<\/li>\n\n\n\n
- The market formed a retest of the recent low on Monday but the move lacked follow-through selling, creating a higher low.<\/li>\n\n\n\n
- The bulls want a reversal from a climactic selloff.<\/li>\n\n\n\n
- They got a larger second leg sideways to up, trading above the 20-day EMA.<\/li>\n\n\n\n
- They see the move on Monday (Apr 21) forming a higher low major trend reversal.<\/li>\n\n\n\n
- They want a retest of the March 25 high and the 200-day EMA.<\/li>\n\n\n\n
- If there is a pullback, they want it to form a double bottom bull flag with the April 21 low.<\/li>\n\n\n\n
- The bears see the current move as a 2-legged pullback testing the breakout point (Mar 31).<\/li>\n\n\n\n
- They want the market to form a lower high and a double top bear flag with the March 25 high. They see a smaller double top bear flag (Apr 9 and Apr 25).<\/li>\n\n\n\n
- They want the 20-day EMA, the bear trend line, or the March 25 high to act as resistance.<\/li>\n\n\n\n
- They hope to get another retest of the April 7 low after the pullback.<\/li>\n\n\n\n
- They must create strong bear bars to show they are back in control.<\/li>\n\n\n\n
- So far, the market formed a large second leg side sideways to up.<\/li>\n\n\n\n
- The market may still be in the sideways to up pullback phase.<\/li>\n\n\n\n
- Traders will see if the bulls can create more bull bars breaking far above the 20-day EMA and the bear trend line.<\/li>\n\n\n\n
- Or will the market trade slightly higher but stall and reverse below the 20-day EMA instead?<\/li>\n<\/ul>\n\n\n\n
Trading room<\/h2>\n\n\n\n
Al Brooks and other presenters talk about the detailed Emini price action real-time each day in the BrooksPriceAction.com 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
- Last week<\/a>, we said the market could still be in the sideways to up pullback phase. Traders would see if the bulls could create at least a small second leg sideways to up leg to retest the April 9 high, or if the bears would be able to develop a follow-through bear bar instead.<\/li>\n\n\n\n