The Weekly<\/em> S&P 500 Emini chart<\/h3>\n\n\n\n![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Emini-Weekly-No-FT-Selling-Retest-Near-All-Time-High-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This\u00a0week\u2019s Emini candlestick\u00a0<\/a>was a big outside bull bar closing near its high.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would see if the bears could create a follow-through bear testing near the 20-week EMA, or if the market would trade slightly lower, but close with a long tail below or with a bull body instead.<\/li>\n\n\n\n
- The market traded slightly lower early in the week but reversed significantly higher.<\/li>\n\n\n\n
- The bears wanted a deeper pullback but were unable to create follow-through selling.<\/li>\n\n\n\n
- The recent 2 bear bars had overlapping ranges indicating the bears are not yet strong.<\/li>\n\n\n\n
- They see the current move (Jun 27) as a buy vacuum retest of the prior trend’s extreme high (Dec 6).<\/li>\n\n\n\n
- They want a reversal from a lower high major trend reversal and a double top (Dec 6).<\/li>\n\n\n\n
- They must create strong consecutive bear bars to show they are back in control.<\/li>\n\n\n\n
- The bulls see the selloff (Apr 7) forming a major higher low and want a resumption of the trend.<\/li>\n\n\n\n
- They must create a strong breakout above the all-time high (Dec 6) with follow-through buying to increase the odds of a sustained move.<\/li>\n\n\n\n
- Since this week\u2019s candlestick was a bull bar closing near its high, it can be a buy signal bar for next week.<\/li>\n\n\n\n
- The market could still trade at least a little higher.<\/li>\n\n\n\n
- The market is Always In Long.<\/li>\n\n\n\n
- The buying pressure since the April 7 low has been stronger (strong bull bars closing near their highs) than the weaker selling pressure (bear bars with limited follow-through selling).<\/li>\n\n\n\n
- The recent pullback was weak and mostly sideways which increased the odds of another leg up.<\/li>\n\n\n\n
- For now, traders will see if the bulls can create a strong retest of the all-time high (Dec 6) followed by a breakout above.<\/li>\n\n\n\n
- Or will the market trade slightly higher, but stall around the December 6 high area 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\/06\/Emini-Daily-Retest-Near-All-Time-High-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The market tested the 20-day EMA early in the week but lacked follow-through selling. The market reversed higher for the rest of the week.<\/li>\n\n\n\n
- Last week<\/a>, we said if a pullback forms but remains shallow and sideways, holding around the 20- or 200-day EMA, the odds of another leg up will increase after the pullback.<\/li>\n\n\n\n
- So far, the bears have not been able to create strong follow-through selling trading below the 20-day EMA.<\/li>\n\n\n\n
- Previously, the bulls got a strong reversal in a tight bull channel.<\/li>\n\n\n\n
- They see the selloff forming a major higher low (Apr 7) and want the broad bull channel to continue.<\/li>\n\n\n\n
- They want a retest of the all-time high followed by a breakout above. The December 6 high could be tested soon.<\/li>\n\n\n\n
- If the market trades lower, they want the 20-day EMA to act as support followed by at least a small sideways to up leg to retest the current leg extreme high (now Jun 27).<\/li>\n\n\n\n
- The bears see the current move as a retest of the prior trend extreme high (Dec 6).<\/li>\n\n\n\n
- They want a reversal from a lower high major trend reversal and a wedge pattern (May 2, May 19, and Jun 27).<\/li>\n\n\n\n
- They want a TBTL (Ten Bars, Two Legs) pullback lasting a few weeks.<\/li>\n\n\n\n
- They see the recent sideways trading forming a final flag and the current move forming a potential buy climax.<\/li>\n\n\n\n
- They must create consecutive bear bars closing near their lows trading far below the 20-day EMA to increase the odds of a deeper pullback.<\/li>\n\n\n\n
- The move from the April 21 low is in a tight bull channel which means strong bulls.<\/li>\n\n\n\n
- The market is Always In Long.<\/li>\n\n\n\n
- The current move up is strong enough for traders to expect at least a small sideways to up leg to retest the trend extreme high (Jun 27) after a small pullback.<\/li>\n\n\n\n
- For now, traders will see if the bulls can create a retest and breakout above the December 6 high.<\/li>\n\n\n\n
- Or will the market trade slightly higher but stall around the December 6 high area 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
![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Emini-Weekly-No-FT-Selling-Retest-Near-All-Time-High.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- This\u00a0week\u2019s Emini candlestick\u00a0<\/a>was a big outside bull bar closing near its high.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would see if the bears could create a follow-through bear testing near the 20-week EMA, or if the market would trade slightly lower, but close with a long tail below or with a bull body instead.<\/li>\n\n\n\n
- The market traded slightly lower early in the week but reversed significantly higher.<\/li>\n\n\n\n
- The bears wanted a deeper pullback but were unable to create follow-through selling.<\/li>\n\n\n\n
- The recent 2 bear bars had overlapping ranges indicating the bears are not yet strong.<\/li>\n\n\n\n
- They see the current move (Jun 27) as a buy vacuum retest of the prior trend’s extreme high (Dec 6).<\/li>\n\n\n\n
- They want a reversal from a lower high major trend reversal and a double top (Dec 6).<\/li>\n\n\n\n
- They must create strong consecutive bear bars to show they are back in control.<\/li>\n\n\n\n
- The bulls see the selloff (Apr 7) forming a major higher low and want a resumption of the trend.<\/li>\n\n\n\n
- They must create a strong breakout above the all-time high (Dec 6) with follow-through buying to increase the odds of a sustained move.<\/li>\n\n\n\n
- Since this week\u2019s candlestick was a bull bar closing near its high, it can be a buy signal bar for next week.<\/li>\n\n\n\n
- The market could still trade at least a little higher.<\/li>\n\n\n\n
- The market is Always In Long.<\/li>\n\n\n\n
- The buying pressure since the April 7 low has been stronger (strong bull bars closing near their highs) than the weaker selling pressure (bear bars with limited follow-through selling).<\/li>\n\n\n\n
- The recent pullback was weak and mostly sideways which increased the odds of another leg up.<\/li>\n\n\n\n
- For now, traders will see if the bulls can create a strong retest of the all-time high (Dec 6) followed by a breakout above.<\/li>\n\n\n\n
- Or will the market trade slightly higher, but stall around the December 6 high area 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 tested the 20-day EMA early in the week but lacked follow-through selling. The market reversed higher for the rest of the week.<\/li>\n\n\n\n
- Last week<\/a>, we said if a pullback forms but remains shallow and sideways, holding around the 20- or 200-day EMA, the odds of another leg up will increase after the pullback.<\/li>\n\n\n\n
- So far, the bears have not been able to create strong follow-through selling trading below the 20-day EMA.<\/li>\n\n\n\n
- Previously, the bulls got a strong reversal in a tight bull channel.<\/li>\n\n\n\n
- They see the selloff forming a major higher low (Apr 7) and want the broad bull channel to continue.<\/li>\n\n\n\n
- They want a retest of the all-time high followed by a breakout above. The December 6 high could be tested soon.<\/li>\n\n\n\n
- If the market trades lower, they want the 20-day EMA to act as support followed by at least a small sideways to up leg to retest the current leg extreme high (now Jun 27).<\/li>\n\n\n\n
- The bears see the current move as a retest of the prior trend extreme high (Dec 6).<\/li>\n\n\n\n
- They want a reversal from a lower high major trend reversal and a wedge pattern (May 2, May 19, and Jun 27).<\/li>\n\n\n\n
- They want a TBTL (Ten Bars, Two Legs) pullback lasting a few weeks.<\/li>\n\n\n\n
- They see the recent sideways trading forming a final flag and the current move forming a potential buy climax.<\/li>\n\n\n\n
- They must create consecutive bear bars closing near their lows trading far below the 20-day EMA to increase the odds of a deeper pullback.<\/li>\n\n\n\n
- The move from the April 21 low is in a tight bull channel which means strong bulls.<\/li>\n\n\n\n
- The market is Always In Long.<\/li>\n\n\n\n
- The current move up is strong enough for traders to expect at least a small sideways to up leg to retest the trend extreme high (Jun 27) after a small pullback.<\/li>\n\n\n\n
- For now, traders will see if the bulls can create a retest and breakout above the December 6 high.<\/li>\n\n\n\n
- Or will the market trade slightly higher but stall around the December 6 high area 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 bears could create a follow-through bear testing near the 20-week EMA, or if the market would trade slightly lower, but close with a long tail below or with a bull body instead.<\/li>\n\n\n\n