Trading Update: Tuesday December 9, 2025
S&P E-mini market analysis
E-mini daily chart
- The E-mini formed a bear breakout, closing last Friday’s low below. This was a strong enough bear breakout bar to increase the odds of a small 2nd leg down and hesitation for at least a bar or two.
- The above logic makes last Friday’s low temporary resistance for at least a bar or two.
- I have been saying for some time that 7,000 is a logical magnet for the market to reach, and I still believe this is correct.
- The late November rally was strong enough that the odds favor buyers below. This will increase the number of bulls willing to buy below bars.
- The bears still see the market as high in a trading range on the daily chart. They are hopeful that the market will continue to trade sideways at this price level, increasing selling pressure.
- If the bears can increase the selling pressure, it will increase the odds of bulls selling out of longs, leading to a deeper pullback.
- At the moment, even if the market does get a pullback, the odds will favor a 2nd leg up and a test of the 7,000 round number.
- Overall, the bulls want the market to rally and test the 7,000 round number going into the end of the year.
E-mini 5-minute chart and what to expect today
- The Emini formed a small gap down and rallied on bar 1, creating a bull trend from the open.
- The rally up to bar 7 was a strong enough breakout that the odds favored a 2nd leg up; however, there were problems with the rally. The rally up to bar 7 had a lot of overlapping bars. This increased the risk of a disappointing pullback and sideways trading, as happened during bars 8-17.
- The bulls managed to get a 2nd leg up to bar 22; however, at this point, there was increased risk of the market forming a trending trading range day.
- The bears managed to increase the selling pressure during bars 2-33. This led to the bulls covering their longs and the market forming a double top (Bars 26 & 32), which triggered a measured move down and a test of the bar 16 low.
- The selloff to bar 16 was good for the bears; however, the context was not ideal due to the market being at the bottom of a trading range (bar 16).
- As of bar 45, the bulls will likely get a 2nd leg up and test the bar 37 low.
- Today is likely to continue with a lot of trading-range price action for most of the day.
Yesterday’s E-mini setups

Richard created the SP500 E-mini chart.
Here are reasonable stop entry setups from yesterday. Chart shows each buy entry bar with a green arrow and each sell entry bar with a red arrow. Buyers of the Brooks Trading Course have access to a near 4-year library of detailed explanations of swing trade setups (see Online Course/BTC Daily Setups) linked to the Brooks Encyclopedia of Chart Patterns product.
The 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.
E-mini end of day video review
Periodic end of day review videos will be moved to top of page when done.
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.

