{"id":272094,"date":"2026-06-23T10:54:41","date_gmt":"2026-06-23T17:54:41","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=272094"},"modified":"2026-06-23T11:21:04","modified_gmt":"2026-06-23T18:21:04","slug":"e-mini-triangle-on-daily-chart-2","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/e-mini-triangle-on-daily-chart-2\/","title":{"rendered":"E-mini Triangle Continues on Daily Chart"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Trading Update: Tuesday June 23, 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 continues to go sideways in a trading range, following the prolonged tight bull channel that began at the beginning of April and ended around the June 2 high. The daily chart is forming a triangle, which increases the odds of sideways trading for the next several weeks. <\/li>\n\n\n\n<li>The market tested near 7,700, and because the rally was getting climactic, the odds favored a pullback, which the bulls got down to the June 11 low.<\/li>\n\n\n\n<li>The market formed a micro double bottom on June 11 and has gone sideways ever since.<\/li>\n\n\n\n<li>The rally up to June 15 was strong enough that the odds favored a second leg up and a test of the June 2 all-time high.<\/li>\n\n\n\n<li>Because the market is forming a trading range, it is reasonable to expect disappointment for the bulls and prolonged sideways trading.<\/li>\n\n\n\n<li>The bulls will likely get some kind of second leg up, which they are hopeful will be strong enough to reach the all-time high.<\/li>\n\n\n\n<li>Overall, the odds are that the market is probably going to go sideways for the next several weeks.<\/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, a large gap formed on the open. This increased the odds that the market would rally and test the moving average.<\/li>\n\n\n\n<li>The gap was also testing below the important support of the June 17 low, an area where the market would likely find buyers.<\/li>\n\n\n\n<li>The bulls formed consecutive bull bars on bars 1 and 2, closing on their highs, which increased the odds of a possible trend from the open and a test up to the moving average.<\/li>\n\n\n\n<li>The rally up to bar 10 was strong and increased the odds of a second leg.<\/li>\n\n\n\n<li>However, it was climactic, because it was 10 consecutive bull bars with overlapping bars and pauses along the way, which increased the risk of a possible parabolic wedge in an opening reversal.<\/li>\n\n\n\n<li>The market started finding resistance at the moving average around bar 11 and ended up breaking to the downside, forming a prolonged pullback to the bar 24 low.<\/li>\n\n\n\n<li>The bulls formed a second-entry buy with bar 27, and the market rallied back to around the bar 8 close on bar 47.<\/li>\n\n\n\n<li>As of bar 48, the odds are the market is probably going to test up to the bar 10 close.<\/li>\n\n\n\n<li>With the market going sideways from bars 33 to 47, there is added risk that the market is forming a large triangle and may form a lower high and test back down to around the midpoint of the rally that began at the bar 27 low.<\/li>\n\n\n\n<li>The market is forming a tight trading range, which lowers the probability of the market going a lot higher or a lot lower.<\/li>\n\n\n\n<li>We may go sideways for the next several hours around this location.<\/li>\n\n\n\n<li>I still think the odds slightly favor the bulls getting a test of the bar 10 close.<\/li>\n\n\n\n<li>That said, with the market going sideways for the past 15 bars, the probability is lower and it is close to 50\/50.<\/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\/06\/SP500-E-mini-5-Min-Trading-Range-Open-to-Bear-Spike-Channel-then-Endless-Pullback.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-Trading-Range-Open-to-Bear-Spike-Channel-then-Endless-Pullback-680x383.jpg\" alt=\"SP500 E-mini 5 Min Trading Range Open to Bear Spike &amp; Channel then Endless Pullback\" class=\"wp-image-272091\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/SP500-E-mini-5-Min-Trading-Range-Open-to-Bear-Spike-Channel-then-Endless-Pullback-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/SP500-E-mini-5-Min-Trading-Range-Open-to-Bear-Spike-Channel-then-Endless-Pullback-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/SP500-E-mini-5-Min-Trading-Range-Open-to-Bear-Spike-Channel-then-Endless-Pullback-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/SP500-E-mini-5-Min-Trading-Range-Open-to-Bear-Spike-Channel-then-Endless-Pullback.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 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\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\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trading Update: Tuesday June 23, 2026 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 Jed 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 each sell entry bar with a [&hellip;]<\/p>\n","protected":false},"author":5460,"featured_media":272091,"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-272094","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-Trading-Range-Open-to-Bear-Spike-Channel-then-Endless-Pullback.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\/272094","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=272094"}],"version-history":[{"count":3,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/272094\/revisions"}],"predecessor-version":[{"id":272149,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/272094\/revisions\/272149"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/272091"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=272094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=272094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=272094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}