Trading Update: Tuesday April 14, 2026
S&P E-mini market analysis
E-mini daily chart
- The daily chart of the E-mini formed a large outside setup bar yesterday. This is a sign of strength by the bulls and increases the odds of higher prices in a test of the all-time high.
- While the rally is strong on the daily chart, it is also getting climactic. This increases the risk of the Daily chart getting a pullback at any time.
- The bulls are hopeful that today will be another follow-through bar, increasing the odds of a second leg up after yesterday’s outside up bar and today’s follow-through bar.
- So far, the bulls have formed a strong follow-through bar on the daily chart. The Bears are hopeful that today will sell off, creating a tail above the bar as a sign of weakness for the Bulls.
- Because the market’s getting near the 7,000 round number and the all-time high, there will likely be profit-taking in this location.
- At the moment, the rally on the daily chart is strong enough for traders to expect a test of the All-Time High.
E-mini 5-minute chart and what to expect today
- Today gapped up on the open and rallied, forming three consecutive bull bars closing above their midpoints. This is a strong enough three-bar breakout that the odds favor a second leg and some measure move up.
- The market continued to form a small pullback bull trend and is currently forming a climactic rally up to bar 29.
- While the rally up to Bar 29 is strong, it is getting climactic. The market has stayed far from the moving average all day. This increases the odds that the market will test down on the moving average at some point today, and probably test down to the Bar 21 high or low.
- The Bulls are hopeful that today will trend into the close, forming a strong bull bar closing on its high. However, with the market getting climactic on the higher time frames, today is unlikely to close on its high.
- At the moment, the odds favor a trading range lasting a couple of hours. This means the upside at Bar 30 is likely limited for the next several bars in several hours. Because the rally is strong, the best the bears can hope for is a trading range, and there will likely be buyers around the midpoint 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.
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.
04/14 Comment (Brad):
RTH Daily Analysis — 04-14-2026: E-mini Bulls Push Through 7000 on Parabolic Third Push Into Prior High
Brad, appreciate the note on the climactic read — that’s the tension right now. Follow-through bar today confirms the outside bar wasn’t a trap. I was leaning the other way yesterday, so credit where it’s due.
AIL and the bulls keep closing on their highs. This is the third push of a potential parabolic wedge from 04/01, 04/08, and today — tight channel, possibly microchannel strength on HTF, and price broke through 7000 to close at 7003. That’s 9 points below the prior high at 7012, which is also where bears have their major swing high from February. The weekly read is big up big down big confusion, but if this week closes strong, a second leg becomes the base case instead.
Brad’s point about profit-taking at 7000 and ATH is the right one to watch. Three pushes into major resistance with an EMA gap that keeps widening — exhaustion geometry. The move from the April 7 low looks unsustainable even though every bar keeps closing on its high. No bear signal bar yet though, which means the exhaustion thesis is a hypothesis, not a trade.
Fair value is settling around 6855 — about 150 points below where price closed today. That gap between where the market accepts value and where price is trading usually tightens. Acceptance IS building higher than last week though, so the repricing is real.
Levels:
7012 — prior high + major swing resistance. Close above with FT = ATH test becomes base case.
7000 — round number. Profit-taking zone. Bears need reversal bar here.
6900 — broken resistance, now channel support. Below = parabolic wedge breaks.
6855 — where volume is actually building. Magnet if price pulls back.
6790 — 50% PB + 3rd-touch trend line x2 + EMA confluence. Decision level for any PB.
6660 — BO point + gap fill. Deep support.
What to watch:
1. Bear reversal bar at 7000-7012 → wedge exhaustion thesis activates. Watch for FT.
2. Bull close above 7012 with consecutive bars → ATH test. Wedge failed.
3. Price back below 6900 → parabolic structure broken, 6790 becomes the test.
Bulls above 7012 with follow-through and I’m watching for ATH with Brad. Below 6900 and the parabolic shape breaks. Right now it’s a market pressing into a ceiling with no rejection yet.
Anyone else watching for potential exhaustion, or is the momentum too strong to fade?