Brooks Trading Course

Learn to Trade Price Action Consistently

 

More results...

Emini Weak Buy Signal Bar Inside Tight Trading Range

By

Trading Update: Monday June 2, 2025

Emini end of day video review

Brad Wolff Emini EOD Review

S&P Emini market analysis

Emini daily chart

  • The Emini formed a weak bull doji buy signal bar last Friday. This increases the odds of sellers above and sideways.
  • The daily chart is forming a tight trading range just under the 6,000 round number. This is a breakout mode pattern; however, with the important magnet just above, the odds are that the Bulls will attempt an upside breakout.
  • The longer the market goes sideways in the tight trading range, the more neutral the probability will become.
  • The bears want a downside breakout of the May low and a measured move down of the main range.
  • The daily chart is beginning to become confusing, which makes the probability uncertain.
  • Even if we do get a bear breakout below the May low and a measured move down, the odds are it’ll form a higher low with the April low.

Emini 5-minute chart and what to expect today

  • Today formed a large bull bar closing on its high and a weak follow-through bar on bar two.
  • Instead of the Bulls getting a second leg up, the Bears got a strong reversal on 4 and 5, which increased the odds of a measured move down based on the bar one and two bull breakouts.
  • The Bears are hopeful that they can get down to last Friday’s low; however, because the open had a strong bull bar, it slightly lowers the probability of a bear trend lasting all day. This increases the risk that the bar one low will be retested later on.
  • As far as buying after bar 6, the selling pressure is far too intense, and the only thing traders should be thinking about is selling or looking to sell a full back. The risk is big for the Bears, so there’s no rush to get short.
  • In general, if a trader is uncomfortable with the price action, they’re better off staying flat.

Yesterday’s Emini setups

SP500 Emini 5-Min Chart HH Double Top Then HL Double Bottom

Richard created the SP500 Emini 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 Emini.

Summary of today’s S&P Emini price action

SP500 Emini 5-Min Chart Bull Trap Then Reversal Up from Sell Climax

Al created the SP500 Emini chart.

EURUSD Forex market analysis

EURUSD Forex daily chart

  • The EURUSD is trying to get a bull breakout of the bull channel today and the test of the April high.
  • The bulls who bought the April 21st breakout high were likely to make money or avoid a loss, especially if they were willing to scale in.
  • The bears tried to form a lower high. However, it was too far from the April 21st high, which lowered the probability for the bears and increased the likelihood of buyers.
  • The odds still favor a trading range, and therefore, the bulls need a clear bull breakout of the April high. Otherwise, traders will expect that the rally will be disappointing and lead to more sideways trading
  • At the moment, it looks like the market is going to reach the April 21st high. Traders will pay close attention to see how today’s breakout bar closes. Next, traders will pay attention to see what kind of follow-through the breakout bar will get tomorrow.

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 Emini price action real-time each day in the Brooks Price Action trading room. We offer a 2 day free trial.

Charts use Pacific Time

When times are mentioned, it is USA Pacific Time. The Emini 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.

>