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-No-FT-Selling-IOI-Pattern-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This\u00a0week\u2019s Emini candlestick\u00a0<\/a>was an inside bull bar closing near its high.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would see if the bears could create follow-through selling, something they couldn’t do previously (since the April low), or if the market would form a retest of the July 31 high instead.<\/li>\n\n\n\n
- The market formed an ioi (inside-outside-inside) pattern retesting near the July 31 high. There was no follow-through selling (again).<\/li>\n\n\n\n
- The bulls want a resumption of the bull trend.<\/li>\n\n\n\n
- They see the recent move (Aug 1) 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 a Leg 1 = Leg 2 move, which will take the market to the 6800 area (Leg 1 being the Apr 21 low to the May 19 high).<\/li>\n\n\n\n
- They must create a strong breakout above the July 31 high with follow-through buying to increase the odds of a measured move.<\/li>\n\n\n\n
- The bears want a reversal from a higher high major trend reversal and a wedge pattern (May 19, Jul 3, and July 31).<\/li>\n\n\n\n
- At the least, they want a TBTL (Ten Bars, Two Legs) pullback lasting a few weeks.<\/li>\n\n\n\n
- They want the market to stall around the July 31 high area, forming a lower high major trend reversal or a double top.<\/li>\n\n\n\n
- The problem with the bear\u2019s case is that they could not create sustained follow-through selling on the weekly chart since the April 7 low. It was the case again this week.<\/li>\n\n\n\n
- They must create strong consecutive bear bars closing near their lows to show they are back in control.<\/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. 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 need form a pullback (trade sideways to down) before the trend resumes.<\/li>\n\n\n\n
- However, the bears need to do more by creating strong consecutive bear bars with follow-through selling to show they are back in control. Without that, traders will not be willing to sell aggressively.<\/li>\n\n\n\n
- The market formed an ioi (inside-outside-inside) breakout mode pattern.<\/li>\n\n\n\n
- The bulls want a breakout above, while the bears want a breakout below the ioi pattern. The first breakout can fail 50% of the time.<\/li>\n\n\n\n
- For now, the market could still trade slightly higher.<\/li>\n\n\n\n
- Traders will see if the bulls can create a strong breakout above the July 31 high with follow-through buying.<\/li>\n\n\n\n
- Or will the market stall around the July 31 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\/08\/Emini-Daily-Bulls-Want-BO-Bears-Want-LH-MTR-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The market gapped up on Monday, followed by sideways to up trading for the week.<\/li>\n\n\n\n
- Previously<\/a>, we said traders would see if the bulls could create more follow-through buying or if the market would stall and form a pullback instead.<\/li>\n\n\n\n
- The market stalled towards the end of July, followed by a pullback (Aug 1), but there was no follow-through selling.<\/li>\n\n\n\n
- The bulls want a measured move (a Leg 1 = Leg 2 move will take the market to the 6800 area – leg 1 being the Apr 21 low to the May 19 high).<\/li>\n\n\n\n
- They want the third leg up to form the larger wedge pattern with the first two legs being May 19 and July 3 highs.<\/li>\n\n\n\n
- They must create sustained follow-through buying breaking above the July 31 high to increase the odds of another leg up.<\/li>\n\n\n\n
- They want the 20-day EMA to act as support.<\/li>\n\n\n\n
- The bears want a reversal from a wedge pattern (May 19, Jul 3, and Jul 31).<\/li>\n\n\n\n
- They see this week as a retest of the prior high (Jul 31) and want a reversal from a lower high major trend reversal or a double top.<\/li>\n\n\n\n
- They see the last 26 trading days forming a possible final flag.<\/li>\n\n\n\n
- They want a TBTL (Ten Bars, Two Legs) pullback lasting a few weeks.<\/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, indicating strong bullish momentum.<\/li>\n\n\n\n
- The buying pressure remains stronger (consecutive bull bars) compared to the weaker selling pressure (bear bars with limited follow-through selling).<\/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
- For now, traders will see if the bulls can create more follow-through buying, followed by a breakout above the July 31 high.<\/li>\n\n\n\n
- Or will the market stall around the July 31 area and followed by another pullback 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-Weekly-No-FT-Selling-IOI-Pattern.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- This\u00a0week\u2019s Emini candlestick\u00a0<\/a>was an inside bull bar closing near its high.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would see if the bears could create follow-through selling, something they couldn’t do previously (since the April low), or if the market would form a retest of the July 31 high instead.<\/li>\n\n\n\n
- The market formed an ioi (inside-outside-inside) pattern retesting near the July 31 high. There was no follow-through selling (again).<\/li>\n\n\n\n
- The bulls want a resumption of the bull trend.<\/li>\n\n\n\n
- They see the recent move (Aug 1) 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 a Leg 1 = Leg 2 move, which will take the market to the 6800 area (Leg 1 being the Apr 21 low to the May 19 high).<\/li>\n\n\n\n
- They must create a strong breakout above the July 31 high with follow-through buying to increase the odds of a measured move.<\/li>\n\n\n\n
- The bears want a reversal from a higher high major trend reversal and a wedge pattern (May 19, Jul 3, and July 31).<\/li>\n\n\n\n
- At the least, they want a TBTL (Ten Bars, Two Legs) pullback lasting a few weeks.<\/li>\n\n\n\n
- They want the market to stall around the July 31 high area, forming a lower high major trend reversal or a double top.<\/li>\n\n\n\n
- The problem with the bear\u2019s case is that they could not create sustained follow-through selling on the weekly chart since the April 7 low. It was the case again this week.<\/li>\n\n\n\n
- They must create strong consecutive bear bars closing near their lows to show they are back in control.<\/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. 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 need form a pullback (trade sideways to down) before the trend resumes.<\/li>\n\n\n\n
- However, the bears need to do more by creating strong consecutive bear bars with follow-through selling to show they are back in control. Without that, traders will not be willing to sell aggressively.<\/li>\n\n\n\n
- The market formed an ioi (inside-outside-inside) breakout mode pattern.<\/li>\n\n\n\n
- The bulls want a breakout above, while the bears want a breakout below the ioi pattern. The first breakout can fail 50% of the time.<\/li>\n\n\n\n
- For now, the market could still trade slightly higher.<\/li>\n\n\n\n
- Traders will see if the bulls can create a strong breakout above the July 31 high with follow-through buying.<\/li>\n\n\n\n
- Or will the market stall around the July 31 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 gapped up on Monday, followed by sideways to up trading for the week.<\/li>\n\n\n\n
- Previously<\/a>, we said traders would see if the bulls could create more follow-through buying or if the market would stall and form a pullback instead.<\/li>\n\n\n\n
- The market stalled towards the end of July, followed by a pullback (Aug 1), but there was no follow-through selling.<\/li>\n\n\n\n
- The bulls want a measured move (a Leg 1 = Leg 2 move will take the market to the 6800 area – leg 1 being the Apr 21 low to the May 19 high).<\/li>\n\n\n\n
- They want the third leg up to form the larger wedge pattern with the first two legs being May 19 and July 3 highs.<\/li>\n\n\n\n
- They must create sustained follow-through buying breaking above the July 31 high to increase the odds of another leg up.<\/li>\n\n\n\n
- They want the 20-day EMA to act as support.<\/li>\n\n\n\n
- The bears want a reversal from a wedge pattern (May 19, Jul 3, and Jul 31).<\/li>\n\n\n\n
- They see this week as a retest of the prior high (Jul 31) and want a reversal from a lower high major trend reversal or a double top.<\/li>\n\n\n\n
- They see the last 26 trading days forming a possible final flag.<\/li>\n\n\n\n
- They want a TBTL (Ten Bars, Two Legs) pullback lasting a few weeks.<\/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, indicating strong bullish momentum.<\/li>\n\n\n\n
- The buying pressure remains stronger (consecutive bull bars) compared to the weaker selling pressure (bear bars with limited follow-through selling).<\/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
- For now, traders will see if the bulls can create more follow-through buying, followed by a breakout above the July 31 high.<\/li>\n\n\n\n
- Or will the market stall around the July 31 area and followed by another pullback 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 follow-through selling, something they couldn’t do previously (since the April low), or if the market would form a retest of the July 31 high instead.<\/li>\n\n\n\n