The Monthly<\/em> Emini chart<\/h3>\n\n\n\n![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/Emini-Monthly-Bulls-Need-FT-Buying-Bears-Want-Pullback-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The\u00a0July monthly Emini candlestick<\/a> was a bull bar closing in its upper half with a prominent tail above.<\/li>\n\n\n\n
- Last month<\/a>, we said traders would see if the bulls could create a strong breakout above the December 6 high, or if the market would trade higher, but close with a long tail above or a bear body instead.<\/li>\n\n\n\n
- The market traded sideways to up for most of the month, followed by a small pullback in the last few days of July. The August candlestick gapped lower at the open.<\/li>\n\n\n\n
- The bulls got a breakout above the prior all-time high (Dec 6) in July.<\/li>\n\n\n\n
- They want the broad bull channel to resume.<\/li>\n\n\n\n
- The move up (from Apr 7 low) is in the form of a 4-bar bull microchannel. They may be buyers below the first pullback.<\/li>\n\n\n\n
- Because of the strong move up, the bulls expect at least a small second leg sideways to up after any pullback.<\/li>\n\n\n\n
- The bears see the current move as a buy vacuum retest of the prior all-time high (Dec 6).<\/li>\n\n\n\n
- They want a higher high major trend reversal and a double top (Dec 6 and Jul 31)<\/li>\n\n\n\n
- They want a failed breakout above the December 6 high.<\/li>\n\n\n\n
- The bears must create strong bear bars to show they are back in control.<\/li>\n\n\n\n
- So far, the move up from the April 7 low is strong, in the form of a 4-bar bull microchannel and consecutive bull bars closing near their highs.<\/li>\n\n\n\n
- The market is Always In Long.<\/li>\n\n\n\n
- The move covered 32% from low to high (Apr 7 to July 31) over 4 months without any significant pullback.<\/li>\n\n\n\n
- While the move is strong, it is slightly climactic and overbought.<\/li>\n\n\n\n
- The market may form a pullback to alleviate the overbought condition before the trend resumes.<\/li>\n\n\n\n
- If a pullback forms, it could last 1 to 2 months.<\/li>\n\n\n\n
- The 4-bar bull microchannel increases the odds that the first pullback may only be minor, followed by a retest of the recent leg extreme high (Jul 31 ) after the pullback.<\/li>\n\n\n\n
- For now, traders will see if the bears can create strong bear bars to show they are back in control.<\/li>\n\n\n\n
- Or will the pullback lack follow-through selling, forming a long tail or a bull body in August instead?<\/li>\n<\/ul>\n\n\n\n
The Weekly<\/em> S&P 500 Emini chart<\/h3>\n\n\n\n![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/Emini-Weekly-Bulls-Want-Weak-PB-Bears-Want-TBTL-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This\u00a0week\u2019s Emini candlestick\u00a0<\/a>was an outside bear bar closing near its low.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would see if the bulls could develop more follow-through buying above the December 6 high, or if the market would trade slightly higher but close with long tails or bear bodies in the weeks ahead instead.<\/li>\n\n\n\n
- The market formed a new all-time high, but the follow-through buying was limited and reversed to close below the December 6 high.<\/li>\n\n\n\n
- The bulls want a resumption of the bull trend.<\/li>\n\n\n\n
- They see the current move as a pullback and want the July low or the 20-week EMA to act as support.<\/li>\n\n\n\n
- They want the pullback to be weak with poor follow-through selling (overlapping ranges, bull bars, long tails below candlesticks).<\/li>\n\n\n\n
- They want at least a small sideways to up leg to retest the July 31 high, even if it only forms a lower high.<\/li>\n\n\n\n
- The bears hope the recent 3-week small trading range will be the final flag of the move.<\/li>\n\n\n\n
- They want a reversal from a higher high major trend reversal and a failed breakout above the prior all-time high (Dec 6).<\/li>\n\n\n\n
- At the least, they want a TBTL (Ten Bars, Two Legs) pullback lasting many weeks.<\/li>\n\n\n\n
- If the market trades higher, they want it to stall below the July 31 high, forming a lower high major trend reversal.<\/li>\n\n\n\n
- They must create strong follow-through selling following the outside bear bar to show they are back in control (something they couldn\u2019t do since the April 7 low).<\/li>\n\n\n\n
- So far, the move up since the April 21 low is in a tight bull channel, indicating strong bullish momentum.<\/li>\n\n\n\n
- The move covered 32% in 4 months.<\/li>\n\n\n\n
- While strong, the move has lasted a long time without any significant pullback. It is slightly climactic and overbought.<\/li>\n\n\n\n
- The market may form a pullback before the trend resumes again. The pullback phase testing near the 20-week EMA may be underway.<\/li>\n\n\n\n
- Since this week\u2019s candlestick was an outside bear bar closing near its low, it can be a sell signal bar for next week.<\/li>\n\n\n\n
- The market can gap down on Monday. Small gaps usually close early.<\/li>\n\n\n\n
- Sometimes, the candlestick after an outside bar can be an inside bar, forming an ioi (inside-outside-inside) breakout mode pattern.<\/li>\n\n\n\n
- For now, traders will see if the bears can create follow-through selling, something they couldn’t do previously (since the April low).<\/li>\n\n\n\n
- Or will the market form a retest of the July 31 high 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\/08\/Emini-Monthly-Bulls-Need-FT-Buying-Bears-Want-Pullback.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- The\u00a0July monthly Emini candlestick<\/a> was a bull bar closing in its upper half with a prominent tail above.<\/li>\n\n\n\n
- Last month<\/a>, we said traders would see if the bulls could create a strong breakout above the December 6 high, or if the market would trade higher, but close with a long tail above or a bear body instead.<\/li>\n\n\n\n
- The market traded sideways to up for most of the month, followed by a small pullback in the last few days of July. The August candlestick gapped lower at the open.<\/li>\n\n\n\n
- The bulls got a breakout above the prior all-time high (Dec 6) in July.<\/li>\n\n\n\n
- They want the broad bull channel to resume.<\/li>\n\n\n\n
- The move up (from Apr 7 low) is in the form of a 4-bar bull microchannel. They may be buyers below the first pullback.<\/li>\n\n\n\n
- Because of the strong move up, the bulls expect at least a small second leg sideways to up after any pullback.<\/li>\n\n\n\n
- The bears see the current move as a buy vacuum retest of the prior all-time high (Dec 6).<\/li>\n\n\n\n
- They want a higher high major trend reversal and a double top (Dec 6 and Jul 31)<\/li>\n\n\n\n
- They want a failed breakout above the December 6 high.<\/li>\n\n\n\n
- The bears must create strong bear bars to show they are back in control.<\/li>\n\n\n\n
- So far, the move up from the April 7 low is strong, in the form of a 4-bar bull microchannel and consecutive bull bars closing near their highs.<\/li>\n\n\n\n
- The market is Always In Long.<\/li>\n\n\n\n
- The move covered 32% from low to high (Apr 7 to July 31) over 4 months without any significant pullback.<\/li>\n\n\n\n
- While the move is strong, it is slightly climactic and overbought.<\/li>\n\n\n\n
- The market may form a pullback to alleviate the overbought condition before the trend resumes.<\/li>\n\n\n\n
- If a pullback forms, it could last 1 to 2 months.<\/li>\n\n\n\n
- The 4-bar bull microchannel increases the odds that the first pullback may only be minor, followed by a retest of the recent leg extreme high (Jul 31 ) after the pullback.<\/li>\n\n\n\n
- For now, traders will see if the bears can create strong bear bars to show they are back in control.<\/li>\n\n\n\n
- Or will the pullback lack follow-through selling, forming a long tail or a bull body in August instead?<\/li>\n<\/ul>\n\n\n\n
The Weekly<\/em> S&P 500 Emini chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n- \n
- This\u00a0week\u2019s Emini candlestick\u00a0<\/a>was an outside bear bar closing near its low.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would see if the bulls could develop more follow-through buying above the December 6 high, or if the market would trade slightly higher but close with long tails or bear bodies in the weeks ahead instead.<\/li>\n\n\n\n
- The market formed a new all-time high, but the follow-through buying was limited and reversed to close below the December 6 high.<\/li>\n\n\n\n
- The bulls want a resumption of the bull trend.<\/li>\n\n\n\n
- They see the current move as a pullback and want the July low or the 20-week EMA to act as support.<\/li>\n\n\n\n
- They want the pullback to be weak with poor follow-through selling (overlapping ranges, bull bars, long tails below candlesticks).<\/li>\n\n\n\n
- They want at least a small sideways to up leg to retest the July 31 high, even if it only forms a lower high.<\/li>\n\n\n\n
- The bears hope the recent 3-week small trading range will be the final flag of the move.<\/li>\n\n\n\n
- They want a reversal from a higher high major trend reversal and a failed breakout above the prior all-time high (Dec 6).<\/li>\n\n\n\n
- At the least, they want a TBTL (Ten Bars, Two Legs) pullback lasting many weeks.<\/li>\n\n\n\n
- If the market trades higher, they want it to stall below the July 31 high, forming a lower high major trend reversal.<\/li>\n\n\n\n
- They must create strong follow-through selling following the outside bear bar to show they are back in control (something they couldn\u2019t do since the April 7 low).<\/li>\n\n\n\n
- So far, the move up since the April 21 low is in a tight bull channel, indicating strong bullish momentum.<\/li>\n\n\n\n
- The move covered 32% in 4 months.<\/li>\n\n\n\n
- While strong, the move has lasted a long time without any significant pullback. It is slightly climactic and overbought.<\/li>\n\n\n\n
- The market may form a pullback before the trend resumes again. The pullback phase testing near the 20-week EMA may be underway.<\/li>\n\n\n\n
- Since this week\u2019s candlestick was an outside bear bar closing near its low, it can be a sell signal bar for next week.<\/li>\n\n\n\n
- The market can gap down on Monday. Small gaps usually close early.<\/li>\n\n\n\n
- Sometimes, the candlestick after an outside bar can be an inside bar, forming an ioi (inside-outside-inside) breakout mode pattern.<\/li>\n\n\n\n
- For now, traders will see if the bears can create follow-through selling, something they couldn’t do previously (since the April low).<\/li>\n\n\n\n
- Or will the market form a retest of the July 31 high 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 develop more follow-through buying above the December 6 high, or if the market would trade slightly higher but close with long tails or bear bodies in the weeks ahead instead.<\/li>\n\n\n\n
- Last month<\/a>, we said traders would see if the bulls could create a strong breakout above the December 6 high, or if the market would trade higher, but close with a long tail above or a bear body instead.<\/li>\n\n\n\n