{"id":272935,"date":"2026-07-09T09:55:16","date_gmt":"2026-07-09T16:55:16","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=272935"},"modified":"2026-07-09T09:55:19","modified_gmt":"2026-07-09T16:55:19","slug":"e-mini-bulls-want-strong-buy-signal-bar-closing-on-high","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/e-mini-bulls-want-strong-buy-signal-bar-closing-on-high\/","title":{"rendered":"E-mini Bulls Want Strong Buy Signal Bar Closing on High"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Trading Update: Thursday July 9, 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>As I have been saying for the past several weeks, the daily chart of the E-mini is forming a triangle.<\/li>\n\n\n\n<li>The odds are that the market is going to test the June 15th high, which is the most recent lower high, and it will probably rally to the all-time high, which is the June 1st high at 7,694.75.<\/li>\n\n\n\n<li>Because the channel up was tight going into June and the higher time frames are bullish, the odds favor an upside breakout of the triangle.<\/li>\n\n\n\n<li>Even if the bears get a reversal down around 7,600 and a test of the June low around 7,294, there will likely be buyers in that general area.<\/li>\n\n\n\n<li>This limits the downside potential and increases the odds that the bulls will be willing to buy and scale in lower.<\/li>\n\n\n\n<li>Because of that, the downside risk is probably limited on the daily chart, since traders will be willing to buy and scale in.<\/li>\n\n\n\n<li>The bulls are hopeful that today&#8217;s bull bar closes on its high, because the market is forming a contracting triangle that has now lasted for several bars.<\/li>\n\n\n\n<li>The market is in breakout mode, which makes the probability close to 50-50.<\/li>\n\n\n\n<li>If today is a bull bar closing on its high, it is reasonable for the bears to buy back and exit any remaining shorts, and that could lead to an upside breakout and a test of the all-time high.<\/li>\n\n\n\n<li>Because the market is in a trading range, it is important to remember that trading ranges tend to produce a lot of failed breakouts.<\/li>\n\n\n\n<li>This means that traders should expect breakouts to continue to fail and the market to continue to go sideways.<\/li>\n\n\n\n<li>Even if the market breaks above the all-time high, the bulls will likely be disappointed, and the odds are against the bulls getting a measured move based on the triangle, which is around 400 points to the upside.<\/li>\n\n\n\n<li>This means that the chances of the market reaching 8,000 without first going sideways are low.<\/li>\n\n\n\n<li>The odds are that the market is going to be sideways for some time.<\/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 gapped up on the open and rallied for the first six bars.<\/li>\n\n\n\n<li>The rally up to bar 6 had a lot of overlap, and even though it was a micro channel, it was reasonable to expect the market to pull back.<\/li>\n\n\n\n<li>The bulls formed a weak High 1 buy on bar 7, but the market found sellers above and reversed down on bars 8, 9, and 10.<\/li>\n\n\n\n<li>The sell-off to bar 10, although it was strong, was testing the bottom of bar 1, so it was reasonable to expect a second leg down.<\/li>\n\n\n\n<li>Bar 11 was a bull bar closing on its high, which was too strong a reversal bar for the bears, and that increased the risk that the market would go sideways and possibly test back to the open of the day.<\/li>\n\n\n\n<li>The rally from bar 2 to the bar 6 high was tight, so a trading range was more likely than the start of a strong bear sell-off on bar 10.<\/li>\n\n\n\n<li>With bar 11, the bulls had a double bottom with bar 1.<\/li>\n\n\n\n<li>They got strong follow-through on bar 12, which increased the odds of the first reversal down being minor.<\/li>\n\n\n\n<li>The bears tried to reverse the market down around bars 17 and 18, but because of the micro channel from the bar 11 low up to the bar 16 high, there were likely to be buyers, and a second leg up was likely.<\/li>\n\n\n\n<li>The market rallied on bars 18, 19, and 20, testing the bar 6 high.<\/li>\n\n\n\n<li>As of bar 37, the market is always-in long in a small pullback bull trend.<\/li>\n\n\n\n<li>This lowers the probability of the bears getting any downside breakout.<\/li>\n\n\n\n<li>Realistically, the market is probably going to have to go sideways for several bars at a minimum before the bears have a chance at getting a strong downside breakout.<\/li>\n\n\n\n<li>Even then, the odds are against the bears getting a strong downside breakout, and therefore sideways to up is more likely.<\/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\/07\/SP500-E-mini-5-Min-Spike-Channel-Bear-Trend-continued-Bull-Reversal-to-Endless-Pullback.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/SP500-E-mini-5-Min-Spike-Channel-Bear-Trend-continued-Bull-Reversal-to-Endless-Pullback-680x383.jpg\" alt=\"SP500 E-mini 5 Min - Spike &amp; Channel Bear Trend continued Bull Reversal to Endless Pullback\" class=\"wp-image-273034\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/SP500-E-mini-5-Min-Spike-Channel-Bear-Trend-continued-Bull-Reversal-to-Endless-Pullback-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/SP500-E-mini-5-Min-Spike-Channel-Bear-Trend-continued-Bull-Reversal-to-Endless-Pullback-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/SP500-E-mini-5-Min-Spike-Channel-Bear-Trend-continued-Bull-Reversal-to-Endless-Pullback-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/SP500-E-mini-5-Min-Spike-Channel-Bear-Trend-continued-Bull-Reversal-to-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","protected":false},"excerpt":{"rendered":"<p>Trading Update: Thursday July 9, 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":273034,"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-272935","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\/07\/SP500-E-mini-5-Min-Spike-Channel-Bear-Trend-continued-Bull-Reversal-to-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\/272935","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=272935"}],"version-history":[{"count":3,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/272935\/revisions"}],"predecessor-version":[{"id":273067,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/272935\/revisions\/273067"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/273034"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=272935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=272935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=272935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}