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Emini Sell Climax Profit Taking Soon

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Trading Update: Tuesday March 11, 2025

Emini end of day video review

Emini EOD Review Joseph Imbornone

Follow Joseph’s YouTube channel for more Al Brooks price action analysis.

S&P Emini market analysis

Emini daily chart

  • The Emini formed a sell climax bar yesterday, testing near the September 6th Major high, low, and bottom of the large bull channel. Today, we will likely create a bull bar after yesterday’s sell climax bar.
  • The bulls are hopeful that yesterday will lead to a profit-taking bar and lead to buyers below yesterday’s low. They are hopeful that a micro double bottom will form today, closing on its high.
  • The bears’ momentum down is strong. However, it is getting climactic and far from the moment average. This increases the odds of buyers in this overall area, and the market is getting closer to the moving average.
  • Even if the bulls get a reversal bar, it will likely be a minor reversal up. This means that it will likely lead to a pullback.
  • Bears will look to sell the reversal attempt to the moving average, especially if it is a weak leg two or leg three rally.

Emini 5-minute chart and what to expect today

  • The Emini has gone sideways for the first 9 bars of the open, which is trading range price action.
  • The bulls are trying to form a credible bottom with yesterday’s low. Next, they want an upside breakout and a 2nd leg up after yesterday’s bar 74 rally.
  • yesterday’s low will probably act as resistance, which means there are probably more buyers around its low.
  • The bears hope they can get a strong enough downside breakout to lead to a successful breakout below yesterday’s low and some measured move down based on yesterday’s late rally. While this is possible, it is not likely.
  • Yesterday was climactic, which means there is a 75% chance of a trading range lasting at least two hours beginning before the end of the second hour. It is possible that the Trading range began late yesterday around bar 69.
  • Overall, if the bears reach yesterday’s low, there are probably buyers below it.

Yesterday’s Emini setups

SP500 Emini 5-Min Chart Bear Trend from Open with End of Day Profit Taking

Richard created the SP500 Emini chart (Al traveling).

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 Micro Double Top and Then Midday Reversal Up

Al created the SP500 Emini chart.

EURUSD Forex market analysis

EURUSD Forex daily chart

  • The EURUSD reached the November 4th major lower high earlier today. The rally that began in early March is strong and will likely get some measured move-up based on the March 3rd – 5th bull breakout.
  • The risk is getting big for the bulls, which increases the odds of pullback soon. Even if the market does get a pullback, the odds favor buyers below. This means that bulls are buying with the understanding that they will likely make money if they are willing to scale in lower.

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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