S&P500 E-mini futures<\/h2>\n\n\n\nThe Weekly<\/em> S&P 500 E-mini chart<\/h3>\n\n\n\n![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/Emini-Weekly-New-All-Time-High-Bulls-Need-FT-Buying-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This week\u2019s Emini candlestick was a bull bar closing in its upper half with a prominent tail above.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would see if the bulls could create a strong breakout above the July 31 high with follow-through buying, or if the market would stall around the July 31 high area instead.<\/li>\n\n\n\n
- The market formed a breakout above the July 31 high and made a new all-time high. The prominent tail above the candlestick indicates some hesitation.<\/li>\n\n\n\n
- The bulls view the recent move (Aug 1) as a pullback and want a resumption of the bull trend.<\/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 follow-through buying above the July 31 high 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 Aug 13).<\/li>\n\n\n\n
- They want a TBTL (Ten Bars, Two Legs) pullback lasting a few weeks.<\/li>\n\n\n\n
- They hope that the recent sideways trading range (prior 6 overlapping candlesticks) will be the final flag of the move.<\/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.<\/li>\n\n\n\n
- They must create 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
- While the move is slightly climactic and overbought, the bears need to do more by creating strong consecutive bear bars to show they are back in control. Without that, traders will not be willing to sell aggressively.<\/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 follow-through buying following the breakout above the July 31 high.<\/li>\n\n\n\n
- Or will the market trade slightly higher but stall instead?<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> S&P 500 E-mini chart<\/h3>\n\n\n\n![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/Emini-Daily-Bulls-Need-FT-Buying-Bears-Want-FF-Reversal-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The market made a new high on Wednesday, followed by sideways trading on Thursday and Friday.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would see if the bulls could create more follow-through buying and a breakout, or if the market would stall around the July 31 area, followed by another pullback instead.<\/li>\n\n\n\n
- The market made a new all-time high in a tight bull channel (from the Aug 1 low).<\/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 above the July 31 high to increase the odds of another leg up.<\/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 want a reversal from a wedge pattern (May 19, Jul 3, and Aug 13).<\/li>\n\n\n\n
- They view this week as a retest of the prior high (Jul 31) and want a reversal from a higher high major trend reversal, or a small double top.<\/li>\n\n\n\n
- They see the recent sideways trading (starting from early July) 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 and the bull trend line, indicating they are back in control.<\/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 move up from the August 1 low is in a tight bull channel and had bear bars without follow-through selling. There may be buyers below the first pullback from the bull microchannel.<\/li>\n\n\n\n
- The market could still trade at least a little higher.<\/li>\n\n\n\n
- For now, traders will see if the bulls can create more follow-through buying above the July 31 high.<\/li>\n\n\n\n
- Or will the market stall and form a pullback to the 20-day EMA instead?<\/li>\n<\/ul>\n\n\n\n
Trading room<\/h2>\n\n\n\n
Al Brooks and other presenters talk about the detailed E-mini price action real-time each day in the BrooksTradingCourse.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-New-All-Time-High-Bulls-Need-FT-Buying.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- This week\u2019s Emini candlestick was a bull bar closing in its upper half with a prominent tail above.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would see if the bulls could create a strong breakout above the July 31 high with follow-through buying, or if the market would stall around the July 31 high area instead.<\/li>\n\n\n\n
- The market formed a breakout above the July 31 high and made a new all-time high. The prominent tail above the candlestick indicates some hesitation.<\/li>\n\n\n\n
- The bulls view the recent move (Aug 1) as a pullback and want a resumption of the bull trend.<\/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 follow-through buying above the July 31 high 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 Aug 13).<\/li>\n\n\n\n
- They want a TBTL (Ten Bars, Two Legs) pullback lasting a few weeks.<\/li>\n\n\n\n
- They hope that the recent sideways trading range (prior 6 overlapping candlesticks) will be the final flag of the move.<\/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.<\/li>\n\n\n\n
- They must create 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
- While the move is slightly climactic and overbought, the bears need to do more by creating strong consecutive bear bars to show they are back in control. Without that, traders will not be willing to sell aggressively.<\/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 follow-through buying following the breakout above the July 31 high.<\/li>\n\n\n\n
- Or will the market trade slightly higher but stall instead?<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> S&P 500 E-mini chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n- \n
- The market made a new high on Wednesday, followed by sideways trading on Thursday and Friday.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would see if the bulls could create more follow-through buying and a breakout, or if the market would stall around the July 31 area, followed by another pullback instead.<\/li>\n\n\n\n
- The market made a new all-time high in a tight bull channel (from the Aug 1 low).<\/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 above the July 31 high to increase the odds of another leg up.<\/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 want a reversal from a wedge pattern (May 19, Jul 3, and Aug 13).<\/li>\n\n\n\n
- They view this week as a retest of the prior high (Jul 31) and want a reversal from a higher high major trend reversal, or a small double top.<\/li>\n\n\n\n
- They see the recent sideways trading (starting from early July) 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 and the bull trend line, indicating they are back in control.<\/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 move up from the August 1 low is in a tight bull channel and had bear bars without follow-through selling. There may be buyers below the first pullback from the bull microchannel.<\/li>\n\n\n\n
- The market could still trade at least a little higher.<\/li>\n\n\n\n
- For now, traders will see if the bulls can create more follow-through buying above the July 31 high.<\/li>\n\n\n\n
- Or will the market stall and form a pullback to the 20-day EMA instead?<\/li>\n<\/ul>\n\n\n\n
Trading room<\/h2>\n\n\n\n
Al Brooks and other presenters talk about the detailed E-mini price action real-time each day in the BrooksTradingCourse.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