Trading Update: Friday March 27, 2026
E-mini end of day video review
S&P E-mini market analysis
E-mini daily chart
- The E-mini gapped down, breaking below the March 20th low. While this is good for the bears, the climactic behavior of the market remains the same. Now the market is testing the 6,500 support level, which the market will probably find buyers.
- The bears have done a good job with the channel down on the daily chart. With the past three days being bear bars, which increases the odds that any reversal up the bulls can get may have to go sideways first to develop more buying pressure.
- Because the high time frames, such as the weekly and monthly charts, have been so bullish, the odds favor buyers at the 6,500 price level willing to scale in lower.
- The risk for the bears selling in this general location is getting large compared to the potential reward. Because the selloff is likely a bear leg in what will become a trading range, the probability is getting worse for the bears that they will get a measured move down based on their risk if they are selling around 6,500 and putting a stop above the most recent swing point around 6,700.
- This means that the market will probably rally 200 points to 6,700 before the market sells off 200 more points down to 6,300.
- Overall, the market is likely to find profit taking soon as traders conclude that 6,500 is a logical area of support.
E-mini 5-minute chart and what to expect today
- Today gapped down on the open and formed a large bear bar, closing on its low with bar 1. While this was good for the bears and increased the odds of a 2nd leg down.
- Because of the larger gap, there was an increased risk of the bear getting follow-through selling on the open, which they did down to bar 6.
- The issue the bears face is the climactic behavior of the selloff on the daily chart. This increases the risk that today will form a trading range day and not form a bear trend day.
- Overall, today has the potential to close above the open of the day and form a bull reversal bar on the daily chart.
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.
RTH Close — March 27, 2026: E-mini Bears Waiting to Sell 6,640 Bounce After Climactic Selloff
Thanks Brad! The 6,500 support call coming into the session was the right level to watch — price pushed right through it by the close though, gapping down and extending to test 6,400.
That bear momentum from yesterday delivered. Gap-down broke the weekly 60 EMA for the first time, confirmed a major swing break (now resistance), and overshot multiple channel lines on a 3rd touch. Three MM targets hit in one session — 6,440, 6,420, 6,400. PB BO gap from the new breakout remains open which says strength, but the sell-off created a vacuum — price moved and value didn’t follow. Weekly closed on its low as a bear surprise bar. Structure intact but extended.
2nd consecutive bear trend bar closing on its low — but the 3rd-touch overshoot past the channel lines is the real read here. Three MMs hit in one session plus price 200+ points below where the market accepts value screams profit-taking territory for bears. No MTR forming (no real trend line break), and the parabolic wedge into 6,400 isn’t reliable inside a tight channel. The open overnight gap above is bull fuel — expect a vacuum bounce into resistance before sellers reload.
Fair value is settling around 6,600–6,650 and didn’t migrate lower with today’s sell-off — price moved but accepted value didn’t follow. That’s the climactic tell.
Levels:
6,640 — Confluent resistance zone: signal bar close/low, entry bar high, bear trend lines, PB-zone, FVG fill
6,600 — Round number + weekly 60 EMA resistance
6,400 — Round number support, MM targets hit, channel 3rd touch
6,364 — Next MM BO target + channel line
6,215 — MM height of TR (extended target)
I agree with Brad that probability math is shifting against bears chasing down here — risk vs reward at 6,400 doesn’t pencil. But the tight channel structure and HTF microchannel haven’t broken. The play for me is letting the expected bounce run into that 6,620–6,640 resistance zone and reloading short there, not chasing the low.
Anyone else eyeing that 6,640 area as the next sell zone, or are you playing for a bigger bounce first?