Emini Pullback to Moving Average Likely

Trading Update: Monday March 17, 2025

Emini end of day video review

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S&P Emini market analysis

Emini daily chart

• The daily chart is oversold and likely to get a rally lasting a couple of legs and a test up to the moving average.
• Logical targets for the bulls are the moving average and the January 13^th low.
• Last Friday, gapped up and formed a bull bar closing on its high. This was a strong reversal following last Thursday’s bear breakout below the March 12^th Low 1 sell setup.
• The bulls are hopeful that today will form a strong follow-through bar closing on its high. This would increase the odds of a second leg up.
• The bears want to prevent the pullback from getting a series of consecutive bull bars. This would increase the reversal risk and limit the number of bears willing to sell.
• Overall, a pullback to the moving average and the January 13^th low is likely.

Emini 5-minute chart and what to expect today

• The Emini formed a small gap up and created two consecutive bull bars closing on their highs with bars 1 and 2.
• The bulls hope bars 1-2 will lead to a measured move up. As of bar 8, the bulls have a double bottom with bars 5 and 8. This increases the odds of the bulls getting a larger second leg up than the bar 6 high.
• The market is Always Long, and the bears have not done enough to stop the bulls.
• Bars 8-9 is a strong enough reversal up that the odds favor a 2^nd leg up.
• The bulls are hopeful that today will remain a bull trend from the open for the rest of the day. As mentioned, they want today to create a strong follow-through bar on the daily chart after last Friday’s bull reversal bar.

Friday’s Emini setups

Al created the SP500 Emini charts.

Here are reasonable stop entry setups from Friday. I show each buy entry bar with a green arrow and each sell entry bar with a red arrow. Buyers of both the Brooks Trading Course and Encyclopedia of Chart Patterns have access to a near 4-year library of more detailed explanations of swing trade setups (see Online Course/BTC Daily Setups). Encyclopedia members get current daily charts added to Encyclopedia.

My 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.

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.

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 Emini.

Summary of today’s S&P Emini price action

Al created the SP500 Emini charts.

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See the weekly update for a discussion of the price action on the weekly chart and for what to expect going into next week.

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Trading Room

Al Brooks and other presenters talk about the detailed Emini price action real-time each day in the BrooksPriceAction.com trading room days. We offer a 2 day free trial.

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Charts use Pacific Time

When times are mentioned, it is USA Pacific Time. The Emini 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 Market Update page.

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