Curso de Trading de Brooks

Aprenda a operar con la acción del precio de forma consistente

 

More results...

E-mini Strong Breakout above All-Time High

By

Trading Update: Friday April 17, 2026

S&P E-mini market analysis

E-mini daily chart

  • The daily chart of the E-mini broke above the All-Time high today. While this is good for the bulls, the rally is getting very climactic, which increases the odds of profit-taking soon.
  • So far today is forming a climactic bull bar following yesterday’s doji bull bar. Yesterday’s doji increases the odds of the market getting a pullback to yesterday’s high within the next 1-3 trading days.
  • The bulls are hopeful that today will close on its high, beyond the prior All-time high. The bears want to form a selloff today, creating a tail above today’s bar.
  • Overall, the bulls have done a great job with the rally; however, at this point, the rally is getting climactic, and the risk is getting very large for the Bulls. This increases the odds of the market pulling back over the next several bars. This will also likely limit the upside for the next couple of days as bulls begin to take partial profits.

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

  • Today gapped up on the open and went sideways for the first 4 bars. The bulls managed to get a 2nd leg up to bar 9 following the gap up.
  • The rally to bar 9 was strong. This increased the odds of the bulls getting a 2nd leg up, which ended at the bar 16 high.
  • As of bar 30, the market is forming a triangle above the moving average. The bulls hope it is a bull flag that will lead to higher prices, and the bears hope it will lead to a final flag, followed by a downside breakout.
  • Because of all the buying pressure, the market may have to go sideways for more bars to collect more selling pressure before the bears can get a reversal down.
  • However, because the higher time frame is getting climactic and the market is above the prior all-time high, there’s increased risk that today may form a tail above the bar.
  • Today is unlikely to be a bear trend day with all the buying pressure; however, the bears will try their best to close the market below the midpoint of the day.
  • Realistically, the bears will need more selling pressure if they’re going to get a reversal down. At a minimum, they need closes below the moving average. Without this, the odds are the market will continue to go sideways to up.

Yesterday’s E-mini setups

SP500 E-mini Bulls Push up to New All-time High in Trading Range Day

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 Big Gap Up Rally to New All-time High Then Trading Range

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.

>