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E-mini Bears Unlikely to Break Far Below 6,800

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Trading Update: Wednesday December 17, 2025

E-mini end of day video review

Emini EOD Review Joseph Imbornone

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

S&P E-mini market analysis

E-mini daily chart

  • The E-mini formed a doji bar yesterday after breaking out beyond the December tight trading range and testing down to the November 20th high. This was a likely area of support and increases the odds of buyers near yesterday’s low and the 6,800 round number.
  • So far today, it has formed a bear breakout below yesterday’s low. The bears are hopeful that today will close as a strong bear trend bar on the daily chart.
  • Even if the bears get a close beyond yesterday’s low, the odds will favor buyers below yesterday’s low.
  • The late November rally is a strong enough breakout to increase the odds of the market getting a 2nd leg up and a test of the All-time high.
  • While the bears are hopeful that the current selloff to 6,800 will lead to a successful downside breakout and a test of the November 20th large outside down bar. This is possible, but at the moment, it is not yet a high probability. This increases the risk of buyers near the 6,800 round number and the bulls getting a bounce.

E-mini 5-minute chart and what to expect today

  • Today formed a small gap up and a doji bar. This increased the odds of a trading range open, a test of yesterday’s close, and a closure of the gap on the open.
  • The bears formed a trading range during bars 3 – 12, and the bears formed a downside breakout with bars 13& 14.
  • This bear breakout was strong, but the context was not ideal. It is a bear breakout inside of an overall trading range with yesterday, and the higher time frame (60 Minute chart) is late in a bear channel. This increased the odds of buyers at yesterday’s low.
  • The bears managed to get a selloff down from the bar 13 high to the bar 18 low. This increased the odds of a 2nd leg down; however, the selloff was at support of the 6,800 round number. This increased the risk of a trading range forming, which is what happened during bars 19 – 36.
  • As of bar 39, the bulls are hopeful that the market will form a higher low major trend reversal and a reversal back up into yesterday’s range.
  • Because of the lack of closes above the moving average during bars 14-39, the market may have to fall to a new low before it can try to form a credible major trend reversal.

Yesterday’s E-mini setups

SP500 E-mini 5-Min Bear Trending Trading Range with Late Minor Reversal

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

SP500 E-mini 5-Min Bear Channel with Upper-Lower Trading Ranges

Richard created the SP500 E-mini 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 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.

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