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E-mini Bulls Want Breakout above Weak 1 Low Short

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Trading Update: Wednesday March 25, 2026

E-mini end of day video review

Joseph Imbornone EOD Video

S&P E-mini market analysis

E-mini daily chart

  • The E-mini found buyers yesterday following Monday’s Low 1 short.
  • The context is getting bad for the bears on the daily chart due to the consecutive sell climaxes. This increases the odds that the market is going to find buyers around this price level, and the market will test back to the 6,700 round number.
  • Although the bulls prevented the bear from getting a strong entry bar following Monday’s Low 1 short, it is not a great buy signal bar for the Bulls due to the large tail above the bar.
  • This increases the odds that there might be sellers above yesterday’s high. The Bulls are hopeful that today will be a strong Bull’s bar closing on its high and above yesterday’s high.
  • The Bears had several attempts to break below the November 2025 low, and they failed. Because of the higher time frame context being bullish, this increases the odds of a reversal back to the 6,900 price level, which is the midpoint of the trading range that began back in October of last year.
  • The next target for the bulls is the 7,000 round number in the all-time high, which the market will likely test.

E-mini 5-minute chart and what to expect today

  • Today gapped up on the open and sold off to the moving average with four consecutive strong bear bars. The four-bar bear breakout down to bar six was strong enough for the market to get a second leg down.
  • The rally up to bar 18, while it was good for the Bulls and disappointing for the Bears, it was still more likely to be a bear flag, which is why the market got the downside breakout to bar 22.
  • Although the selloff down to bar 22 was good for the bears, it was a second leg down in an overall trading range environment over the past several days.
  • Bar 22 is a climactic bear bar, which increased the chances of bears buying back their shorts. It is reasonable for bears to buy back their shorts because of the pullback from bars 7 to 18 being disappointing for the bears. The Bulls know this, so the Bulls were willing to buy below the bar 7 low and the bar 22 bear breakout. This led to the reverse line in bar 23.
  • At the moment, odds are the market’s probably going to test back up to the 17 high, which is the top of the second leg down. The Bulls are hopeful that the sell-off to bar 22 is a second leg trap that will lead to a strong reversal up.
  • Because of the higher time frame context being bullish, there’s added risk that today will test back to the open of the day and try to close on its high.
  • With all the selling pressure today, the odds are against the bulls getting a strong bull trend day. There’s still plenty of time left in the day, and this means the market could easily get all the way back up to the high of the day.
  • When the market’s in a trading range, traders must be open to anything. This means it would not take much for the market to reverse all the way back up to the high of the day.
  • As of bar 23, the market is probably Always In Long and likely to get a second leg up and, at a minimum, test the bar 17 high.

Yesterday’s E-mini setups

SP500 E-mini Gap Down Bull Trend Then Trading Range

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

SP500 E-mini Contracting Triangle on Daily Chart in Trading Range Day

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.

  • My Read for 03-25-2026:

    E-mini Bears Want Follow-Through on L2 Short After Third Rejection of Breakout Point

    Market Narrative:

    The D1 regime is AIS — Channel Intact, operating inside a tight bear channel that broke out of a prior trading range. The market cycle reads as a confirmed BO of TR converting toward an AIS bear trend, still early in the move — not late-in-trend.

    Price sits inside a tight channel with the prior TR bottom now acting as overhead resistance. The container is defined by the bear channel boundaries, with the weekly bear micro-channel still intact on the HTF — first reversal will be minor. Full EMA gaps have opened below the 20, 60, and weekly 20 EMAs, and price broke below the weekly 60 EMA which provided a minor bounce before reverting to resistance. The BO-to-PB gap has technically closed, but the breakout point at 6677 has now been tested three times as resistance and held each time. The 6660 Grade A cluster — combining the 50% PB, copied channel trend line, BO point resistance, Composite VAL, FVG fill, and overnight gap fill — has rejected price on all three approaches. A second, weaker A-grade cluster sits at 6750 (HTF 50% PB, prior Leg+PB POC, prior Rotation POC, old Composite POC, bear signal bar levels, EMA cluster).

    The dominant pattern is a potential LH DT L2 short setting up at the confluent PB-zone. No MTR is in play — no break of the real bear trend line, and the undershoot test showed bear strength. No wedge is confirmed — the tight channel structure means any wedge reversal is unreliable without more bars, and momentum is building within the channel. The confirmed ioi breakout served as a pause before continuation, and that level now acts as resistance. Bar context is clean for continuation: the prior bull major swing low broke and continues to act as resistance, Good FT on the BO of TR is confirmed, no CT failures to reset, and first reversal is flagged as minor only (failed MTR filter — bear pressure too strong).

    Today gapped up on the open, but bears quickly capped the move — the FVG has acted as resistance for three consecutive days, and the overnight gap buyers defended the gap-up floor but sellers dominated above. The L1 FT was confirmed yesterday; today’s bar is the L2 short signal, with tomorrow providing FT for the L2. No surprise bars, no consecutive trend bar sequences, no OB/IB sequences in play.

    The thesis tension is one-sided: bulls gapped up but failed to shift the POC even across two pullbacks — time is running out for decisive bull action before uninterrupted lower prices. Bears own the channel, the POC magnets, and the resistance architecture. The tight channel structure with building momentum favors continuation to measured move targets below.

    Key Levels:

    6661.25 — Entry (Grade A cluster LIMIT). 7-factor confluence zone.
    6808.50 — Structural stop. Above TR bottom + overhead structure.
    6677 — BO point resistance. Rejected 3x, confirmed resistance.
    6700 — Round number resistance.
    6750 — Secondary A-grade cluster (HTF 50% PB, prior POCs, EMA cluster). Weakening as bears migrate lower.
    6660 — 50% PB + bear trend line. Entry zone floor.
    6600 — Next round number support.
    Weekly 60 EMA — Still acting as support below.
    6513.50 — TP1 (POC Extended MM BO).
    6500 — Round number support.
    6438.50 — Runner target (MM MG + Gap Fill + Channel Line).
    6420.50 — Leg 1 MM + Channel Line.
    6400 — New Leg 1 MM + Channel Line.
    6364 — Potential MM BO + Channel Line (extension).
    Composite POC — Confirmed at current bar. Primary gravitational magnet.
    Impulse POC — At bar, outside TR. Pulling price lower.
    Rotation POC (live) — Below bar, below all other POCs. Strongest migration read.

    • Hi James , you certainly seem to have worked very hard at your price action skills. You must be very proud and probably should be .

      Although, perhaps next, you can put some equal effort into how to write less passive aggressive/cringe status comments ?

      Furthermore, never hurts to thank the authors for their contributions .

      • Fair point — wasn’t trying to be passive aggressive, just wanted to be direct. Thanks to Brad for the daily analysis! Would love to see more back-and-forth in the comments about how everyone’s reading the chart — that’s how we all get better.

      • TBH i don’t see James’ comments being passive aggressive. We should appreciate different opinions as long as they are respectful, so that more folks are willing to share and build this community.

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