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Emini Weak Low 2 Signal Bar on Daily

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Trading Update: Friday March 21, 2025

Emini end of day video review

Emini EOD Review Joseph Imbornone

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S&P Emini market analysis

Emini daily chart

  • Yesterday, the Emini formed an inside bar. The bears hope this will lead to a successful Low 2 short and a test back down to the March low. However, the odds favor buyers below because yesterday was a weak signal bar for the bears, and the market is far from the moving average.
  • The bears see the sideways trading over the past six trading days as a bear flag, and they are hopeful it will lead to a downside breakout.
  • The problem with the bear flag argument is that it is at the bottom of the trading range and at the September 6th low support level.
  • The bulls will try to create a strong bull reversal bar today. This would increase the odds that yesterday’s bar, Low 2, will fail, leading to higher prices. 
  • Because the daily chart is in the trading range, the odds favor a test of the moving average and the November 4th low, which is a support level that failed to find buyers.
  • Trading ranges often go beyond support and resistance. Since the moving average is not far away, the odds that the market will reach it are increased, and it is likely to go beyond it.
  • The bears need to limit the strength of any pullback. The more buying pressure the bulls can create, the greater the risk of a bull breakout of the bear flag (March 13th low and 19th high). This would project up to just under the 6,000 round number.

Emini 5-minute chart and what to expect today

  • The Emini gapped down on the open and has gone sideways for the first 6 bars of the day.
  • The bears are trying to create a 2nd leg down after the gap. However, they appear to be failing.
  • The problem the bears have is that yesterday’s low is a bad sell signal bar on the daily chart. This increases the odds of the market testing yesterday’s low sometime in the open.
  • The bears only have 1 bear bar during the first 6 bars of the day, which indicates more buying pressure than selling pressure.
  • At the moment, the odds favor an upside breakout of the tight trading range.
  • The bulls are hopeful that today will form a bull trend day, creating a reversal bar on the daily chart.
  • If today becomes a trend day, there will be plenty of time to buy. This means there is no rush on purchase and hoping to catch a bull trend. Traders can wait for a series of bull bars closing on their highs before buying.
  • At the moment, the first six bars of the day have all been overlapping. This increases the risk of today having a lot of trading range price action.
  • The most crucial thing is to remember that price is truth. No matter how certain you are of what the market will do, always remember that there is a logical reason for the market to do the exact opposite.

Yesterday’s Emini setups

SP500 Emini 5-Min Chart Bull Trend from Open Wedge Top Then Bear Channel

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 Lower Low Double Bottom Bull Channel

Al created the SP500 Emini 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 Emini price action real-time each day in the BrooksPriceAction.com trading room days. 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.

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