Trading Update: Wednesday October 15, 2025
E-mini end of day video review
S&P E-mini market analysis
E-mini daily chart
- The E-mini formed a bull reversal bar yesterday after selling off to last Friday’s close. The reversal up after the last downside breakout was disappointing for the bears. Those bears would likely scale in higher and would be interested in buying back their shorts on a test of last Friday’s close, which is what happened yesterday.
- The bulls managed to get a strong enough reversal bar yesterday that it increased the odds of the market going above it today, which is what happened.
- While the bulls have done a good job creating disappointment for the bears, the odds still favor a more credible 2nd leg down after last Friday’s surprise bear breakout.
- The bears are hopeful that today will form a bear reversal bar closing on its low. This would be a Low 2 short, increasing the odds of a 2nd leg down.
- Overall, the odds favor a complex pullback after last Friday’s bear breakout, and the bears getting a 2nd leg down. The bulls need to do more if they are going to undo the recent large bear breakout on the daily chart.
E-mini 5-minute chart and what to expect today
- Today gapped up on the open and went sideways for the first 5 bars. The bulls got the upside breakout and the market rallied up to bar 8, which was a test of Last Thursday’s breakout point low.
- While the rally up was strong, it was a late bull breakout of a bull channel on the 15-minute Globex chart. This increased the odds of the market experiencing an opening reversal and potentially an extended pullback following the bull rally up to bar 8.
- The bears ended up getting the endless pullback and strong selloff down to bar 30. While this is good for the bears, the odds fav r a trading range day due to the opening rally.
- This means that the market will probably test back to the opening range of the first 5 bars and the open of the day, later today.
Yesterday’s E-mini setups
Richard created the SP500 E-mini chart – Al travelling.
Here are reasonable stop entry setups from yesterday. 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
Richard created the SP500 E-mini chart – Al travelling.
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.
