The Weekly<\/em> S&P 500 Emini chart<\/h3>\n\n\n\n![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Emini-Weekly-Always-In-Long-Bulls-Want-Retest-High-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This\u00a0week\u2019s\u00a0Emini candlestick\u00a0<\/a>was a bull bar closing near its high with a prominent tail below, closing above the 20-week EMA.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would see if the bulls could create a more follow-through bull bar closing above the 20-week EMA, or if the market would stall around the 20-week EMA, followed by another leg down instead.<\/li>\n\n\n\n
- The market gapped up following the U.S.\u2013China tariff talks over the weekend and traded up for the week.<\/li>\n\n\n\n
- The bulls got a strong reversal in a tight bull channel.<\/li>\n\n\n\n
- They see the selloff (Apr 7) forming a major higher low and the market being in a broad bull channel.<\/li>\n\n\n\n
- They hope that the strong selloff has alleviated the prior overbought condition. They want a resumption of the trend.<\/li>\n\n\n\n
- They got a reversal from a higher low major trend reversal (Apr 21).<\/li>\n\n\n\n
- They hope the market has flipped into Always In Long.<\/li>\n\n\n\n
- They want a retest of the December 6 high and a breakout into new all-time highs.<\/li>\n\n\n\n
- The bears got a large 2-legged selloff (Apr 7).<\/li>\n\n\n\n
- They see the current move as a retest of the prior trend’s extreme high (Dec 6).<\/li>\n\n\n\n
- They hope the market will form a lower high major trend reversal or a double top with the December 6 high.<\/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 buying pressure since the April 7 low has been stronger (strong bull bars closing near their highs) than the weaker selling pressure (bear bar with limited follow-through selling).<\/li>\n\n\n\n
- The market likely has flipped into Always In Long.<\/li>\n\n\n\n
- If there is a pullback, odds slightly favor it to be minor, followed by at least a small sideways to up leg to retest the current leg extreme high (now May 16).<\/li>\n\n\n\n
- Since this week\u2019s candlestick closed near its high, the market may gap up on Monday. Small gaps usually close early.<\/li>\n\n\n\n
- Traders will see if the bulls can create a more follow-through buying to retest the all-time high area.<\/li>\n\n\n\n
- Or will the market start to stall, forming a minor pullback instead?<\/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\/05\/Emini-Daily-Always-In-Long-Bulls-Want-Retest-High-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The market gapped up on Monday (following U.S.\u2013China tariff talks) and traded up for the rest of the week.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would see if the bulls could create more bull bars closing above the 200-day EMA and testing near the March 25 high, or if the market would stall, followed by another leg down to test near the April 21 low instead.<\/li>\n\n\n\n
- The bulls got a strong reversal trading above the 200-day EMA and the March 25 high.<\/li>\n\n\n\n
- They see the market forming a major higher low (Apr 7) and want the broad bull channel to continue.<\/li>\n\n\n\n
- They hope the selloff has alleviated the prior overbought condition and that the market has flipped into Always In Long.<\/li>\n\n\n\n
- If there is a pullback, they want the 20-day EMA or the bull trend line to act as support.<\/li>\n\n\n\n
- The bears see the current move as a retest of the prior extreme high (Dec 6).<\/li>\n\n\n\n
- They want the market to form a lower high major trend reversal and a double top with the December 6 high.<\/li>\n\n\n\n
- They see the rally from April 21 low as climactic and overdone.<\/li>\n\n\n\n
- They want at least a minor pullback from a wedge pattern (Apr 9, May 2, and May 16).<\/li>\n\n\n\n
- They must create strong consecutive bear bars to show they are back in control.<\/li>\n\n\n\n
- So far, the buying pressure since the April 21 low is stronger (consecutive bull bars) than the weaker selling pressure (bear bars with no follow-through selling).<\/li>\n\n\n\n
- The market likely has flipped into Always In Long.<\/li>\n\n\n\n
- If there is a pullback, odds slightly favor it to be minor and favor at least a small sideways to up to retest the current leg high (now May 16).<\/li>\n\n\n\n
- Traders will see if the bulls can continue to create more follow-through buying to retest the all-time high (Dec 6).<\/li>\n\n\n\n
- Or will the market stall, forming a pullback to the 20-day EMA in the next few weeks ahead 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 a bull bar closing near its high with a prominent tail below, closing above the 20-week EMA.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would see if the bulls could create a more follow-through bull bar closing above the 20-week EMA, or if the market would stall around the 20-week EMA, followed by another leg down instead.<\/li>\n\n\n\n
- The market gapped up following the U.S.\u2013China tariff talks over the weekend and traded up for the week.<\/li>\n\n\n\n
- The bulls got a strong reversal in a tight bull channel.<\/li>\n\n\n\n
- They see the selloff (Apr 7) forming a major higher low and the market being in a broad bull channel.<\/li>\n\n\n\n
- They hope that the strong selloff has alleviated the prior overbought condition. They want a resumption of the trend.<\/li>\n\n\n\n
- They got a reversal from a higher low major trend reversal (Apr 21).<\/li>\n\n\n\n
- They hope the market has flipped into Always In Long.<\/li>\n\n\n\n
- They want a retest of the December 6 high and a breakout into new all-time highs.<\/li>\n\n\n\n
- The bears got a large 2-legged selloff (Apr 7).<\/li>\n\n\n\n
- They see the current move as a retest of the prior trend’s extreme high (Dec 6).<\/li>\n\n\n\n
- They hope the market will form a lower high major trend reversal or a double top with the December 6 high.<\/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 buying pressure since the April 7 low has been stronger (strong bull bars closing near their highs) than the weaker selling pressure (bear bar with limited follow-through selling).<\/li>\n\n\n\n
- The market likely has flipped into Always In Long.<\/li>\n\n\n\n
- If there is a pullback, odds slightly favor it to be minor, followed by at least a small sideways to up leg to retest the current leg extreme high (now May 16).<\/li>\n\n\n\n
- Since this week\u2019s candlestick closed near its high, the market may gap up on Monday. Small gaps usually close early.<\/li>\n\n\n\n
- Traders will see if the bulls can create a more follow-through buying to retest the all-time high area.<\/li>\n\n\n\n
- Or will the market start to stall, forming a minor pullback instead?<\/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 up on Monday (following U.S.\u2013China tariff talks) and traded up for the rest of the week.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would see if the bulls could create more bull bars closing above the 200-day EMA and testing near the March 25 high, or if the market would stall, followed by another leg down to test near the April 21 low instead.<\/li>\n\n\n\n
- The bulls got a strong reversal trading above the 200-day EMA and the March 25 high.<\/li>\n\n\n\n
- They see the market forming a major higher low (Apr 7) and want the broad bull channel to continue.<\/li>\n\n\n\n
- They hope the selloff has alleviated the prior overbought condition and that the market has flipped into Always In Long.<\/li>\n\n\n\n
- If there is a pullback, they want the 20-day EMA or the bull trend line to act as support.<\/li>\n\n\n\n
- The bears see the current move as a retest of the prior extreme high (Dec 6).<\/li>\n\n\n\n
- They want the market to form a lower high major trend reversal and a double top with the December 6 high.<\/li>\n\n\n\n
- They see the rally from April 21 low as climactic and overdone.<\/li>\n\n\n\n
- They want at least a minor pullback from a wedge pattern (Apr 9, May 2, and May 16).<\/li>\n\n\n\n
- They must create strong consecutive bear bars to show they are back in control.<\/li>\n\n\n\n
- So far, the buying pressure since the April 21 low is stronger (consecutive bull bars) than the weaker selling pressure (bear bars with no follow-through selling).<\/li>\n\n\n\n
- The market likely has flipped into Always In Long.<\/li>\n\n\n\n
- If there is a pullback, odds slightly favor it to be minor and favor at least a small sideways to up to retest the current leg high (now May 16).<\/li>\n\n\n\n
- Traders will see if the bulls can continue to create more follow-through buying to retest the all-time high (Dec 6).<\/li>\n\n\n\n
- Or will the market stall, forming a pullback to the 20-day EMA in the next few weeks ahead 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 traders would see if the bulls could create a more follow-through bull bar closing above the 20-week EMA, or if the market would stall around the 20-week EMA, followed by another leg down instead.<\/li>\n\n\n\n