Trading Update: Tuesday March 3, 2026
E-mini end of day video review
S&P E-mini market analysis
E-mini daily chart
- The Emini formed a bull trend bar closing near its high with a small tail about the bar. While this is good for the bulls, the context is not ideal. The market is in a tight trading range, and yesterday’s bars are forcing traders to buy right in the middle of that range, just below the moving average.
- Today, the market gaps down due to the overnight sell-off in the Globex market.
- The bears are hopeful that today will be a bear trend day, creating a large bear trend bar on the daily chart. Because of all the trading range price action, it is more likely that the market will find buyers around this price level, and the bears will get a disappointing bear breakout.
- The bulls are hopeful that today’s bear breakout will have a tail below the bar and lead to a bull reversal bar during the U.S. session.
- Even if the market gets down to the November 2025 low, the odds are there’ll be buyers below scaling and lower.
- The bears, at a minimum, need a series of bear trend bars closing on their lows. This would increase the odds of a second leg down; however, there would still likely be scale in bulls willing to buy and scale in lower. This is due to the tight bull channel on the weekly chart that is converting into a tight trading range.
E-mini 5-minute chart and what to expect today
- Today gapped down on the open and has formed a tight bear channel down to bar 12. While selling to bar 12 is good for the Bears, there are overlapping bars, and the Bulls are starting to increase the buying pressure with bars 13 and 14. This increases the odds that the market will evolve into a trading range and will likely have to test back up to the moving average and the open of the day.
- The selling pressure on the open is strong enough that today is unlikely to be a bull trend day. This means the best the bulls can realistically expect is a trading range until they can develop more buying pressure.
- The bears are hopeful that the market is forming a small pullback bear trend that’ll last all day. While this is possible because the market is breaking out below the tight trading range on the daily chart, there’s increased risk of the market finding buyers at some point today and closing around the open of the day.
Yesterday’s E-mini setups
Richard 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 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.
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.
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 E-mini.
Summary of today’s S&P E-mini price action
Richard created the SP500 E-mini chart.
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 E-mini price action real-time each day in the Brooks Trading Course trading room. We offer a 2 day free trial.
Charts use Pacific Time
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 Market Update page.
