{"id":239033,"date":"2025-05-28T07:23:48","date_gmt":"2025-05-28T14:23:48","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=239033"},"modified":"2025-05-28T22:38:47","modified_gmt":"2025-05-29T05:38:47","slug":"emini-bulls-want-2nd-leg-up-to-6000","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/emini-bulls-want-2nd-leg-up-to-6000\/","title":{"rendered":"Emini Bulls Want 2nd Leg up to 6,000"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Trading Update: Wednesday May 28, 2025<\/h3>\n\n\n\n<h2 class=\"wp-block-heading\">S&amp;P Emini market analysis<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Emini daily chart<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Emini gapped up and formed a bull reversal bar, closing on its high following last Friday\u2019s test of the moving average.<\/li>\n\n\n\n<li>The 6,000 round number is the likely magnet, and the odds favor the price going above it.<\/li>\n\n\n\n<li>The bulls came within 15 points of the magnet back on May 19<sup>th<\/sup> and found sellers.<\/li>\n\n\n\n<li>It is common for the market to get close to an important round number (such as 6,000) and not quite reach it, then form a reversal attempt as it did last Friday. However, the odds favor the initial reversal attempt being a minor pullback, leading to the price surpassing the 6,000 round number.<\/li>\n\n\n\n<li>While the bears would like to form a double top and get a reversal bar with today&#8217;s high. The reality is that if the Bears do get a reversal bar, it&#8217;s likely a pullback. And the odds are the market will have to reach 6,000.<\/li>\n\n\n\n<li>Overall, traders will likely expect the market to go beyond the May 19th high and reach the 6,000 round number over the next couple of days.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Emini 5-minute chart and what to expect today<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Emini rallied, forming a bull trend from the open. However, they failed, and the market formed an opening reversal on bar 3.<\/li>\n\n\n\n<li>Because of yesterday&#8217;s bull trend from the open, the odds were against today forming another bull trend day.<\/li>\n\n\n\n<li>There is a 75% chance that today is going to form a trading range lasting at least two hours, beginning before the end of the second hour.<\/li>\n\n\n\n<li>50% chance that the bulls get follow-through initially, followed by a 75% chance of two hours of sideways trading.<\/li>\n\n\n\n<li>There&#8217;s only a 25% chance that today will be another strong bull trend day.<\/li>\n\n\n\n<li>The sell-off down to the 10 low increases the odds that today is going to be a trading range and likely not become a strong bull trend day.<\/li>\n\n\n\n<li>While the bears have done a good job with the sell-off, the bulls formed consecutive strong bull bars on the open, and that reduces the probability that today will become a Bear Trend Day.<\/li>\n\n\n\n<li>Overall, traders should expect a lot of trading range price action. This means that if the market sells off by a couple of legs, traders should expect a reversal up and a test of the breakout points. The same goes for any rally lasting a couple of legs.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Yesterday&#8217;s Emini setups<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/SP500-ES-Emini-5-Min-Chart-Small-Pullback-Bull-Trend-From-Open.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"382\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/SP500-ES-Emini-5-Min-Chart-Small-Pullback-Bull-Trend-From-Open-680x382.jpg\" alt=\"SP500 ES Emini 5-Min Chart Small Pullback Bull Trend From Open\" class=\"wp-image-239173\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/SP500-ES-Emini-5-Min-Chart-Small-Pullback-Bull-Trend-From-Open-680x382.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/SP500-ES-Emini-5-Min-Chart-Small-Pullback-Bull-Trend-From-Open-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/SP500-ES-Emini-5-Min-Chart-Small-Pullback-Bull-Trend-From-Open-768x431.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/SP500-ES-Emini-5-Min-Chart-Small-Pullback-Bull-Trend-From-Open.jpg 1280w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<p><em>Al created the SP500 Emini charts.<\/em><\/p>\n\n\n\n<p class=\"caption\">Here are reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell entry bar with a red arrow. Buyers of both the Brooks Trading Course and Encyclopedia of Chart Patterns have access to a near 4-year library of more detailed explanations of swing trade setups (see Online Course\/BTC Daily Setups). Encyclopedia members get current daily charts added to Encyclopedia.<\/p>\n\n\n\n<p class=\"caption\">My 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 Emini.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Summary of today&#8217;s S&amp;P Emini price action<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/SP500-Emini-5-Min-Chart-Bull-Trap-Trading-Range-Trend-Resumption-Down.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"382\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/SP500-Emini-5-Min-Chart-Bull-Trap-Trading-Range-Trend-Resumption-Down-680x382.jpg\" alt=\"SP500 Emini 5-Min Chart Bull Trap Trading Range Trend Resumption Down\" class=\"wp-image-239250\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/SP500-Emini-5-Min-Chart-Bull-Trap-Trading-Range-Trend-Resumption-Down-680x382.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/SP500-Emini-5-Min-Chart-Bull-Trap-Trading-Range-Trend-Resumption-Down-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/SP500-Emini-5-Min-Chart-Bull-Trap-Trading-Range-Trend-Resumption-Down-768x431.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/SP500-Emini-5-Min-Chart-Bull-Trap-Trading-Range-Trend-Resumption-Down.jpg 1280w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<p><em>Al created the SP500 Emini charts.<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Emini 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<h2 class=\"wp-block-heading\">EURUSD Forex market analysis<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">EURUSD Forex daily chart<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The EURUSD formed a wedge top with yesterday&#8217;s bear reversal bar. The Bears are hopeful that this will act as a credible double top with the April rally and lead to a reversal down.<\/li>\n\n\n\n<li>The problem with the bear&#8217;s face is that the rally up to the May 26 high is in a tight bull channel, and it&#8217;s below the April high.<\/li>\n\n\n\n<li>Both reasons increase the risk that there might be more buyers below yesterday&#8217;s low, and that the market will have to go higher and test up to the April high.<\/li>\n\n\n\n<li>The bears are doing a good job preventing the bulls from getting a strong rally, and therefore, the odds favor a trading range. If the market does get above the April high, there will probably be sellers.<\/li>\n\n\n\n<li>Ultimately, the bears are hopeful that they can continue to add to the selling pressure and will be eventually able to get a breakout below the May low in a measured move down.<\/li>\n\n\n\n<li>The daily chart is likely to continue to have a lot of trading range price action over the next several weeks.<\/li>\n<\/ul>\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 Emini price action real-time each day in the Brooks Price Action <a href=\"https:\/\/www.brookstradingcourse.com\/online-day-trading-room\/\" target=\"_blank\" rel=\"noreferrer noopener\">trading room<\/a>. We offer a <a href=\"http:\/\/www.brookspriceaction.com\/portal.php?page=11\" target=\"_blank\" rel=\"noreferrer noopener\">2 day free trial<\/a>.<\/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 Emini 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: Wednesday May 28, 2025 S&amp;P Emini market analysis Emini daily chart Emini 5-minute chart and what to expect today Yesterday&#8217;s Emini setups Al created the SP500 Emini charts. Here are reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell entry bar with a [&hellip;]<\/p>\n","protected":false},"author":5460,"featured_media":239173,"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":[281,60,1877],"class_list":{"0":"post-239033","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-update","8":"category-analysis","9":"tag-eurusd-forex","10":"tag-sp-emini","11":"tag-second-leg","12":"entry","13":"override","14":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/SP500-ES-Emini-5-Min-Chart-Small-Pullback-Bull-Trend-From-Open.jpg","author_info":{"display_name":"Brad","author_link":"https:\/\/www.brookstradingcourse.com\/pt-br\/author\/brad-wolff\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/239033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/users\/5460"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/comments?post=239033"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/239033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/239173"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=239033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=239033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=239033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}