Trading Update: Monday September 8, 2025
S&P E-mini market analysis
E-mini daily chart
- The E-mini sold off last Friday after forming a breakout above the August 28th high. The bulls formed follow-through buying above the September 9th bull reversal bar, which was a sign of strength by the bulls.
- However, because September 9th formed a tail above the bar near the middle of an overall trading range, the odds favored sellers above its high, even if the market went above the previous August 28th high first.
- The current bull channel is likely evolving into a trading range on the daily chart. While the bulls have done a good job with he rally over the past several months, the market is beginning to oscillate more and more around the moving average. This is a sign that the daily chart is transitioning into a trading range and becoming more two-sided.
- Because of the selling pressure and profit taking above the August 28th high, the odds favor a couple of legs sideways to down and a test of the September 2nd breakout point high.
E-mini 5-minute chart and what to expect today
- The U.S. Session gapped up and went sideways to the moving average for the first 11 bars.
- The bulls are trying to get trend resumption and a 2nd leg up following the gap up.
- The odds favor expansion of the opening range and the market getting a measured move up or down of the first 11 bars.
- As of bar 12, the odds favor the bulls getting the measured move up of the opening range.
- Bar 12 is currently a strong enough bull breakout bar to get a 2nd leg up. Bulls are hopeful that bar 12 will create follow-through buying, increasing the odds of a measured move up.
- Because of last Friday’s outside down bar, today will likely not lead to a strong bull trend day.
- Today has had a lot of trading range price action during the first 11 bars. This increases the odds that any rally after bar 12 will likely become a bull leg in what will become a trading range.
- Bar 13 is a weak follow-through bar for the bulls, which increases the odds of a 2nd leg up. However, because the follow-through buying is weak, the risk for the bulls is that the rally becomes a bull leg in a trading range that will ultimately find sellers above.
Friday’s E-mini setups
Al created the SP500 E-mini 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 E-mini.
Summary of today’s S&P E-mini price action
Al created the SP500 E-mini charts.
E-mini end of day video review
Periodic end of day review videos will be moved to top of page when done.
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.
