{"id":269053,"date":"2026-05-08T11:05:26","date_gmt":"2026-05-08T18:05:26","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=269053"},"modified":"2026-05-09T09:55:59","modified_gmt":"2026-05-09T16:55:59","slug":"e-mini-likely-to-test-daily-moving-average","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/e-mini-likely-to-test-daily-moving-average\/","title":{"rendered":"E-mini Likely to Test Daily Moving Average"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Trading Update: Friday May 8, 2026<\/h3>\n\n\n\n<h2 class=\"wp-block-heading\">E-mini end of day video review<\/h2>\n\n\n\n<div class=\"wp-block-stackable-video-popup stk-block-video-popup stk-block stk-8afedbe\" data-video=\"https:\/\/youtu.be\/yzL9e5d8NcQ\" data-block-id=\"8afedbe\"><div class=\"stk-block-video-popup__overlay stk-row stk-inner-blocks stk-block-content stk-hover-parent\" aria-label=\"Play Video\" tabindex=\"0\" role=\"button\">\n<div class=\"wp-block-stackable-icon stk-block-icon has-text-align-center stk-block stk-bbceb54\" data-block-id=\"bbceb54\"><span class=\"stk--svg-wrapper\"><div class=\"stk--inner-svg\"><svg style=\"height:0;width:0\"><defs><linearGradient id=\"linear-gradient-bbceb54\" x1=\"0\" x2=\"100%\" y1=\"0\" y2=\"0\"><stop offset=\"0%\" style=\"stop-opacity:1;stop-color:var(--linear-gradient-bbceb-54-color-1)\"><\/stop><stop offset=\"100%\" style=\"stop-opacity:1;stop-color:var(--linear-gradient-bbceb-54-color-2)\"><\/stop><\/linearGradient><\/defs><\/svg><svg data-prefix=\"fas\" data-icon=\"play\" class=\"svg-inline--fa fa-play fa-w-14\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\" aria-hidden=\"true\" width=\"32\" height=\"32\"><path fill=\"currentColor\" d=\"M424.4 214.7L72.4 6.6C43.8-10.3 0 6.1 0 47.9V464c0 37.5 40.7 60.1 72.4 41.3l352-208c31.4-18.5 31.5-64.1 0-82.6z\"><\/path><\/svg><\/div><\/span><\/div>\n\n\n\n<div class=\"wp-block-stackable-image stk-block-image stk-block stk-2f87717\" data-block-id=\"2f87717\"><figure><span class=\"stk-img-wrapper stk-image--shape-stretch\"><img loading=\"lazy\" decoding=\"async\" class=\"stk-img wp-image-265945\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/03\/Joseph-Imbornone-EOD-Video.jpg\" width=\"1920\" height=\"1080\" alt=\"Joseph Imbornone EOD Video\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/03\/Joseph-Imbornone-EOD-Video.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/03\/Joseph-Imbornone-EOD-Video-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/03\/Joseph-Imbornone-EOD-Video-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/03\/Joseph-Imbornone-EOD-Video-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/03\/Joseph-Imbornone-EOD-Video-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/span><\/figure><\/div>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">S&amp;P E-mini market analysis<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">E-mini daily chart<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The daily chart formed a weak doji bar following the two-day rally that ended on May 6<sup>th<\/sup>. The daily chart is getting more climactic and further away from the moving average. This increases the odds of a pullback to the moving average over the next several weeks.<\/li>\n\n\n\n<li>Although the daily chart is getting climactic, the recent bars are average in size. The lack of strong climactic bars increases the chances of sideways trading rather than a sharp reversal down.<\/li>\n\n\n\n<li>The daily chart is 21 bars away from the moving average and at the 7,400 round number, which is another resistance level.<\/li>\n\n\n\n<li>Although this small pullback trend can last for many more bars, the reality is that it is unlikely to continue much longer without touching the moving average.<\/li>\n\n\n\n<li>The odds of the Bears getting a sharp reversal down are limited. Realistically, the bears need more selling pressure, and at a minimum, they need to make the market go sideways for many bars before they have a chance at getting a reversal down.<\/li>\n\n\n\n<li>Even if the bears get a reversal down, the odds are it&#8217;ll be minor and lead to buyers below.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">E-mini 5-minute chart and what to expect today<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Today gapped up on the open and formed a bull bar with bar 1. &nbsp;This was a sign that the market was accepting the gap and likely to get a second leg.<\/li>\n\n\n\n<li>The rally up to bar 11, although it was parabolic, was a strong enough breakout to increase the odds of some second leg and buyers on the first reversal down.<\/li>\n\n\n\n<li>Bar 11 was also strong enough to increase the odds of a trending trading range day. This was likely to limit the downside risk for the bulls.<\/li>\n\n\n\n<li>As of bar 42, the market has been sideways for a lot of bars. The bulls are hopeful that it will get trend resumption up; however, with all the selling pressure, the odds are that this channel is going to evolve into a trading range and start testing previous higher lows.<\/li>\n\n\n\n<li>The Bears are hopeful that they can get a strong reversal down and a test of the open of the day.<\/li>\n\n\n\n<li>Traders should assume, with all the sideways trading, that the probability of a breakout up or down is close to 50\/50.<\/li>\n\n\n\n<li>Today is Friday, and therefore, weekly support and resistance are important. Traders should be prepared for a surprise rally up or down late in the day as institutions decide on the close of the weekly chart.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Yesterday&#8217;s E-mini setups<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Upper-Trading-Range-and-New-All-time-High-Selloff-to-Lower-Range.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Upper-Trading-Range-and-New-All-time-High-Selloff-to-Lower-Range-680x383.jpg\" alt=\"SP500 E-mini Upper Trading Range and New All-time High Selloff to Lower Range\" class=\"wp-image-269201\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Upper-Trading-Range-and-New-All-time-High-Selloff-to-Lower-Range-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Upper-Trading-Range-and-New-All-time-High-Selloff-to-Lower-Range-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Upper-Trading-Range-and-New-All-time-High-Selloff-to-Lower-Range-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Upper-Trading-Range-and-New-All-time-High-Selloff-to-Lower-Range.jpg 1280w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<p><em>Richard created the SP500 E-mini chart.<\/em><\/p>\n\n\n\n<p class=\"caption\">Here are reasonable stop entry setups from yesterday. Chart shows each buy entry bar with a green arrow and each sell entry bar with a red arrow. Buyers of the Brooks Trading Course have access to a near 4-year library of detailed explanations of swing trade setups (see Online Course\/BTC Daily Setups) linked to the Brooks Encyclopedia of Chart Patterns product.<\/p>\n\n\n\n<p class=\"caption\">The 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 E-mini.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Summary of today&#8217;s S&amp;P E-mini price action<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Opening-Spike-Then-Broad-Bull-Channel-up-to-New-All-time-High.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Opening-Spike-Then-Broad-Bull-Channel-up-to-New-All-time-High-680x383.jpg\" alt=\"\" class=\"wp-image-269430\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Opening-Spike-Then-Broad-Bull-Channel-up-to-New-All-time-High-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Opening-Spike-Then-Broad-Bull-Channel-up-to-New-All-time-High-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Opening-Spike-Then-Broad-Bull-Channel-up-to-New-All-time-High-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Opening-Spike-Then-Broad-Bull-Channel-up-to-New-All-time-High.jpg 1280w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<p><em>Richard created the SP500 E-mini chart.<\/em> <\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\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 E-mini price action real-time each day in the Brooks Trading Course <a href=\"https:\/\/www.brookstradingcourse.com\/online-day-trading-room\/\" target=\"_blank\" rel=\"noreferrer noopener\">trading room<\/a>. We offer a 2 day free trial.<\/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 E-mini 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: Friday May 8, 2026 E-mini end of day video review S&amp;P E-mini market analysis E-mini daily chart E-mini 5-minute chart and what to expect today Yesterday&#8217;s E-mini setups Richard created the SP500 E-mini chart. Here are reasonable stop entry setups from yesterday. Chart shows each buy entry bar with a green arrow and [&hellip;]<\/p>\n","protected":false},"author":5460,"featured_media":269201,"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":[153,136,241],"tags":[1958,60,1917],"class_list":{"0":"post-269053","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-update","8":"category-analysis","9":"category-video","10":"tag-bull-trend-from-open","11":"tag-sp-emini","12":"tag-spike-and-channel","13":"entry","14":"override","15":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Upper-Trading-Range-and-New-All-time-High-Selloff-to-Lower-Range.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\/269053","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=269053"}],"version-history":[{"count":3,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/269053\/revisions"}],"predecessor-version":[{"id":269431,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/269053\/revisions\/269431"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/269201"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=269053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=269053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=269053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}