Trading Update: Friday September 12, 2025
E-mini end of day video review
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S&P E-mini market analysis
E-mini daily chart
- The E-mini formed a large bull trend bar closing on its high, testing the 6600 round number.
- While this is good for the bulls, the market will probably find profit-taking at the important round number. This means that today will likely be a disappointment bar for the Bulls and not lead to another strong bull trend day.
- The bears need to create more selling pressure if they’re going to get a strong reversal down.
- The rally up from the September 2nd low is tight, and therefore the Bears will probably need a second entry short; they’re going to get the reversal down.
- Because yesterday’s breakout is probably strong enough for a second leg up, traders will pay attention to see what kind of bar today forms. If today forms a weak bear reversal bar, traders may look to buy below it, betting on at least a small second leg up.
- Overall, traders will expect the market to go sideways and pull back over the next several weeks.
E-mini 5-minute chart and what to expect today
- Today formed a small gap down in the open and has gone sideways in a trading range for the first 30 bars.
- This is a lot of trading range price action inside of yesterday’s trading range that began around bar 20.
- Most traders should wait for a clear breakout of the overall trading range of the past two days.
- Because the market is at the 6,600 round number, it may go sideways for the rest of the day in a relatively tight trading range.
- While a breakout is likely, traders must remember that this trading range can last for the rest of the day. Therefore, traders must be patient and ideally wait for a clear breakout and follow-through of the range.
Yesterday’s E-mini setups
Al created the SP500 E-mini charts.
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
Al created the SP500 E-mini charts.
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.
