Trading Update: Tuesday April 1, 2025
Emini end of day video review
S&P Emini market analysis
Emini daily chart
- Yesterday, the Emini sold off below the March 13th low and formed a bull reversal bar closing near its high. This is a strong enough reversal bar that the odds favor a 2nd leg up.
- Because the selloff over the past three days is in a micro channel with two of the three bars closing near their lows, there is an increased risk of sellers pushing above yesterday’s high.
- However, there are probably buyers at and below yesterday’s midpoint.
- They, at a minimum, want to prevent the bears from getting a bear bar closing on its low. Even if today’s bar is a bearish one, it will probably find buyers below it.
- The bulls are hopeful that today forms a strong entry bar for the bulls. While this is possible, today will probably fail to create a large bull bar.
- Overall, the odds favor the bulls getting a 2nd leg up after yesterday’s bull reversal bar.
Emini 5-minute chart and what to expect today
- The Emini formed a small gap down that closed on the first couple of bars. The bears managed to get a decent sell-off down to bar 9. While it was strong enough for a 2nd leg down, the context was bad for the bars.
- The selloff tested yesterday’s midpoint and the 5,600 round number. Both of these prices were likely to act as support.
- The bulls formed a strong reversal up on bar 14. This represents a strong reversal, with the odds favoring a test of yesterday’s high.
- At the moment, the low of the day is likely in for the rest of the day.
- Traders should pay attention to yesterday’s high as it is a logical target for the market to try and reach.
- Because of the tail on bar 14, the bulls may have to set through a pullback before they can get a 2nd leg up to yesterday’s high.
Yesterday’s Emini setups
Al created the SP500 Emini charts.
Here are reasonable stop entry setups from yesterday. 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.
Brooks Encyclopedia slide examples for today (10)
See the weekly update for a discussion of the price action on the weekly chart and for what to expect going into next week.
Trading Room
Al Brooks and other presenters talk about the detailed Emini price action real-time each day in the Brooks Price Action trading room. We offer a 2 day free trial.
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.
