{"id":271697,"date":"2026-06-22T10:53:11","date_gmt":"2026-06-22T17:53:11","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=271697"},"modified":"2026-06-22T10:59:57","modified_gmt":"2026-06-22T17:59:57","slug":"e-mini-triangle-on-daily-chart","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/e-mini-triangle-on-daily-chart\/","title":{"rendered":"E-mini Triangle on Daily Chart"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Trading Update: Monday June 22, 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 of the E-mini is forming a tight trading range following the tight bull channel that ended at the June 2 high.<\/li>\n\n\n\n<li>The bulls tried to get a second leg up from the June 9 low in a rally to a new all-time high, and the rally up to June 12 was strong, which increased the odds of a second leg.<\/li>\n\n\n\n<li>That said, there are disappointed bulls who bought the June 2 all-time high and were willing to buy more lower on the sell-off to the June 9 low.<\/li>\n\n\n\n<li>That increased the risk that those bulls who bought and scaled in would be disappointed and interested in selling out of their longs, or at least taking partial profits on the bounce, which we got last week up to June 15.<\/li>\n\n\n\n<li>This increases the odds that the E-mini daily chart will form a lot of trading range price action.<\/li>\n\n\n\n<li>The bears had a strong enough reversal and follow-through on June 16 and 17 that the odds favor at least a small second leg down and possibly a test of the June 17 close.<\/li>\n\n\n\n<li>That was a strong enough bear bar that the first reversal up is likely to be minor.<\/li>\n\n\n\n<li>Because the market is in the middle of an overall trading range from the June 2 high to the June 9 low, the odds increase that the market will start going sideways.<\/li>\n\n\n\n<li>This means the lower time frames are probably going to have a lot of trading range price action, and any trend day, up or down, is going to lead to a reversal or disappointment on the following day.<\/li>\n\n\n\n<li>The bears were hopeful that the market would test down to the June 10 Low 1 short, where there were bears selling; traders are hopeful that those bears selling and scaling in higher will likely make money.<\/li>\n\n\n\n<li>The market is probably going to start going sideways, and the upside and downside will likely be limited.<\/li>\n\n\n\n<li>We are so close to the all-time high that we will probably have to get there over the next several weeks.<\/li>\n\n\n\n<li>It is possible we have to sell off all the way back down to the June 10 Low 1 short before the bulls can reach the all-time high.<\/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>The E-mini formed a small gap down on the open and then rallied for the first two bars.<\/li>\n\n\n\n<li>Bar 1 had a significant tail above it, which increased the odds that there would be more traders selling the close of bar 2 rather than buying it.<\/li>\n\n\n\n<li>The bears got a strong enough reversal bar on bar 3 that it was likely to limit the upside for the bulls.<\/li>\n\n\n\n<li>The market rallied up to bar 9; however, it formed a parabolic wedge in a late leg that began at the June 18 low.<\/li>\n\n\n\n<li>That increased the odds that there would likely be sellers above the bar 8 high and increased the odds of the bears getting a reversal down and a test of the bar 1 low.<\/li>\n\n\n\n<li>The bears had an outside-down reversal bar closing on its low, which was strong enough to make the market always-in short, with the bulls exiting below the bar and the bears looking to sell below it.<\/li>\n\n\n\n<li>Bar 10 formed a strong enough follow-through bar that confirmed the market was Always In Short.<\/li>\n\n\n\n<li>The market broke strongly below bar 1 and sold off all the way down to the June 18 low.<\/li>\n\n\n\n<li>By bar 18, the market had formed consecutive sell climaxes and a nine-bar bear micro channel, which increased the odds that the market would pull back to the moving average and then go sideways for the next several bars.<\/li>\n\n\n\n<li>The bulls tried to get an upside breakout on bar 27; because the sell-off down to bar 18 was strong, the first reversal up was likely to be minor.<\/li>\n\n\n\n<li>As of bar 51, the market is forming a triangle and is in breakout mode just above the June 18 low, where traders are deciding whether the bears are strong enough to get trend resumption down or whether the bulls are going to get a trend reversal up.<\/li>\n\n\n\n<li>As of bar 51, the probability may slightly favor the bears, but it is fairly close to 50\/50.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Last Thursday&#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\/06\/SP500-E-mini-5-Min-Bear-Spike-then-Trading-Range-Day-forms-Wedge-Bear-Flag.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/SP500-E-mini-5-Min-Bear-Spike-then-Trading-Range-Day-forms-Wedge-Bear-Flag-680x383.jpg\" alt=\"SP500 E-mini 5 Min- Bear Spike then Trading Range Day forms Wedge Bear Flag\" class=\"wp-image-271855\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/SP500-E-mini-5-Min-Bear-Spike-then-Trading-Range-Day-forms-Wedge-Bear-Flag-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/SP500-E-mini-5-Min-Bear-Spike-then-Trading-Range-Day-forms-Wedge-Bear-Flag-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/SP500-E-mini-5-Min-Bear-Spike-then-Trading-Range-Day-forms-Wedge-Bear-Flag-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/SP500-E-mini-5-Min-Bear-Spike-then-Trading-Range-Day-forms-Wedge-Bear-Flag.jpg 1280w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<p><em>Jed created the SP500 E-mini chart.<\/em><\/p>\n\n\n\n<p class=\"caption\">Here are reasonable stop entry setups from last Thursday (before Friday US bank holiday). 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\n\n<p><em>Jed 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>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><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: Monday June 22, 2026 S&amp;P E-mini market analysis E-mini daily chart E-mini 5-minute chart and what to expect today Last Thursday&#8217;s E-mini setups Jed created the SP500 E-mini chart. Here are reasonable stop entry setups from last Thursday (before Friday US bank holiday). Chart shows each buy entry bar with a green arrow [&hellip;]<\/p>\n","protected":false},"author":5460,"featured_media":271855,"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":{"0":"post-271697","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-update","8":"category-analysis","9":"tag-sp-emini","10":"entry","11":"override","12":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/SP500-E-mini-5-Min-Bear-Spike-then-Trading-Range-Day-forms-Wedge-Bear-Flag.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\/271697","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=271697"}],"version-history":[{"count":3,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/271697\/revisions"}],"predecessor-version":[{"id":272070,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/271697\/revisions\/272070"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/271855"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=271697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=271697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=271697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}