{"id":270720,"date":"2026-06-01T10:00:43","date_gmt":"2026-06-01T17:00:43","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=270720"},"modified":"2026-06-01T21:28:54","modified_gmt":"2026-06-02T04:28:54","slug":"e-mini-sellers-likely-at-7-600-major-round-number","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/e-mini-sellers-likely-at-7-600-major-round-number\/","title":{"rendered":"E-mini Sellers Likely at 7,600 Major Round Number"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Trading Update: Monday June 1, 2026<\/h3>\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 continues to form a tight bull channel, getting further away from the previous May 14 all-time high.<\/li>\n\n\n\n<li>The market has been away from the moving average since April 8, which is a long time to be away from the average price.<\/li>\n\n\n\n<li>With the E-mini daily chart being as climactic as it is, that increases the probability that the market will get a pullback.<\/li>\n\n\n\n<li>Over the last couple of days, the bulls formed an outside bar on May 28, and so far the follow-through has been fairly weak.<\/li>\n\n\n\n<li>With the daily chart becoming more climactic at a new all-time high, the odds favor sellers in this general location and a test down to the moving average at a minimum.<\/li>\n\n\n\n<li>At this point, the risk is getting bigger and bigger for the bulls and the profit potential is small.<\/li>\n\n\n\n<li>Because of that, the odds favor sellers over the next couple of days and a test down to the previous all-time high from May 14 at a minimum.<\/li>\n\n\n\n<li>Overall, traders will expect a couple of legs down \u2014 a test of the all-time high and a test of the moving average at a minimum.<\/li>\n\n\n\n<li>Even with the test of the moving average, the odds still favor buyers at the moving average, and this limits the downside potential.<\/li>\n\n\n\n<li>However, the chances of the market continuing to stay above the moving average for another 10 bars are fairly low.<\/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 down at the open and formed a large bull bar with a tail above, which increased the odds of sellers above the bar&#8217;s high, possibly at the close of last Friday&#8217;s bar.<\/li>\n\n\n\n<li>The bulls tried to rally up to bar 4 but formed a parabolic wedge, and the bears got a reversal down with bar 5; however, the rally up to bar 4 was in a four-bar micro channel, which lowered the probability of bear selling.<\/li>\n\n\n\n<li>The consecutive bear bars 5 and 6 were likely to get a second leg down and increased the odds of sellers above.<\/li>\n\n\n\n<li>The market went sideways for the first 21 bars, which increased the probability that today would have a lot of trading range price action.<\/li>\n\n\n\n<li>The bulls managed to get a strong breakout at bars 25 and 26; however, it was a bull breakout inside an overall trading range, which increased the probability that there would be a deep pullback.<\/li>\n\n\n\n<li>The market pulled back to below the bar 25 bottom of the bull breakout during bar 34, and the bulls who bought the close at bar 26 had to suffer a 100% drawdown based on the breakout at bar 25 and the follow-through at bar 26.<\/li>\n\n\n\n<li>This increased the probability that those bulls would be interested in selling out of longs on the test after the bar 39 high.<\/li>\n\n\n\n<li>As of bar 39, the market formed a parabolic wedge with the bar 34 low and the bar 39 high.<\/li>\n\n\n\n<li>The bears are hopeful that this is forming a double top and that the market will break below the bar 39 high and tap back down to the bar 34 low.<\/li>\n\n\n\n<li>Because of the reasons mentioned above on the daily chart, the odds are against today forming a strong bull trend.<\/li>\n\n\n\n<li>This means that there is an increased risk that today will form a trading range and possibly tap back down to the open of the day later today.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Friday&#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-Bull-Spike-to-MM-Target-Then-Bear-Reversal-Trading-Range-Day.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Bull-Spike-to-MM-Target-Then-Bear-Reversal-Trading-Range-Day-680x383.jpg\" alt=\"SP500 E-mini Bull Spike to MM Target Then Bear Reversal - Trading Range Day\" class=\"wp-image-270738\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Bull-Spike-to-MM-Target-Then-Bear-Reversal-Trading-Range-Day-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Bull-Spike-to-MM-Target-Then-Bear-Reversal-Trading-Range-Day-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Bull-Spike-to-MM-Target-Then-Bear-Reversal-Trading-Range-Day-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Bull-Spike-to-MM-Target-Then-Bear-Reversal-Trading-Range-Day.jpg 1280w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Jed created the SP500 E-mini chart.<\/em><\/p>\n\n\n\n<p class=\"caption wp-block-paragraph\">Here are reasonable stop entry setups from Friday. 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 wp-block-paragraph\">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 wp-block-paragraph\">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 wp-block-paragraph\">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\/06\/SP500-E-mini-Extended-Opening-Trading-Range-to-Parabolic-Bull-Trend.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/SP500-E-mini-Extended-Opening-Trading-Range-to-Parabolic-Bull-Trend-680x383.jpg\" alt=\"SP500 E-mini Extended Opening Trading Range to Parabolic Bull Trend\" class=\"wp-image-271016\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/SP500-E-mini-Extended-Opening-Trading-Range-to-Parabolic-Bull-Trend-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/SP500-E-mini-Extended-Opening-Trading-Range-to-Parabolic-Bull-Trend-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/SP500-E-mini-Extended-Opening-Trading-Range-to-Parabolic-Bull-Trend-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/SP500-E-mini-Extended-Opening-Trading-Range-to-Parabolic-Bull-Trend.jpg 1280w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Richard created the SP500 E-mini chart.<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">E-mini end of day video review<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Periodic end of day review videos will be moved to top of page when done.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><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 class=\"wp-block-paragraph\">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 class=\"wp-block-paragraph\">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: Monday June 1, 2026 S&amp;P E-mini market analysis E-mini daily chart E-mini 5-minute chart and what to expect today Friday&#8217;s E-mini setups Jed created the SP500 E-mini chart. Here are reasonable stop entry setups from Friday. Chart shows each buy entry bar with a green arrow and each sell entry bar with a [&hellip;]<\/p>\n","protected":false},"author":5460,"featured_media":270738,"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],"tags":[60],"class_list":["post-270720","post","type-post","status-publish","format-standard","has-post-thumbnail","category-market-update","category-analysis","tag-sp-emini","entry","override","shadow"],"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/SP500-E-mini-Bull-Spike-to-MM-Target-Then-Bear-Reversal-Trading-Range-Day.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\/270720","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=270720"}],"version-history":[{"count":3,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/270720\/revisions"}],"predecessor-version":[{"id":271017,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/270720\/revisions\/271017"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/270738"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=270720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=270720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=270720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}