Trading Update: Wednesday March 11, 2026
E-mini end of day video review
S&P E-mini market analysis
E-mini daily chart
- E-mini formed a large outside up bar on Monday and formed a weak Low 1 short yesterday. This increases the odds that yesterday’s low will be support and the market will likely find buyers not far below it.
- The bears are hopeful that they are able to create a strong enough entry closing on its low and beyond yesterday’s low. This would increase the odds of at least a small 2nd leg down.
- The overall issue for the bears is Monday’s strong bull reversal bar. Monday is a strong enough bull bar to increase the odds of a 2nd leg up. This increases the odds that there will be buyers below yesterday’s low, willing to scale in lower.
- The daily chart has been in a tight trading range for several months, and the bears have had several attempts to break out to the downside over the past two weeks.
- Because the bears failed to get a credible downside breakout, the odds favor a couple of legs sideways to up and a test back to 6,900, which is near the midpoint of the tight trading range.
- Next, the bulls will want a breakout above the All-time high. Even if the bulls do get the breakout to a new high, there will likely be sellers above.
E-mini 5-minute chart and what to expect today
- Today opened with little to no gap and went sideways for the first 18 bars of the day.
- The bulls tried to get the upside breakout with bar 7 and the rally up to bar 18; however, they failed, and the market sold off down to yesterday’s weak Low 1.
- As of bar 35, the bears have had several attempts to get a successful downside breakout of yesterday’s low.
- While the bears have done a good job keeping the market below yesterday’s low, the bulls have not clearly given up on the idea of the selloff down to yesterday’s low, leading to a failed bear breakout.
- As of bar 35, it looks like the bears may give up, leading to an upside breakout and test of the bar 19 high.
- The bears need to clearly make the bulls give up, or else the scale in bulls will continue to buy betting that the market will get a reversal up soon.
- While the bar 19 high is 40 points away, it is not out of reach. There is still plenty of time left in the day for the market to reverse up to that price level.
- Overall, the bears have done a good job with the selloff down to bar 32; however, they have not clearly done enough to make the bulls give up. This increases the risk of the market getting an upside breakout, allowing the scale in bulls to make money.
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.
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.
