E-mini end of day video review
Trading Update: Friday February 27, 2026
S&P E-mini market analysis
E-mini daily chart
- Yesterday, the daily chart broke to the downside, creating a large bear reversal Bar; however, the bears failed to close the bar on its low.
- Because of the large tail below yesterday’s bar, there is an increased chance that there will be buyers below the bar during today’s open.
- The Bulls see the February 25th two-bar rally as being a strong enough bull breakout with follow-through that the odds favor a 2nd leg up, even if there is a deep pullback first. Next, they are hopeful that yesterday is just a pullback and that today will create a bull reversal bar, closing on its high setting up a pullback entry for traders expecting a 2nd leg up.
- Because of the higher time frame context on the weekly and monthly charts, the odds still favor a test of 7,000 and a new All-time high.
- Even if the bears reach the November 2025 low, there will likely be buyers willing to scale in lower.
- The most important thing to remember on the daily chart is that the market is in a tight trading range. This means that traders should expect deep pullbacks following breakouts and disappoint for traders expecting a successful breakout up or down.
E-mini 5-minute chart and what to expect today
- Today gapped down on the open and formed an opening reversal bull trend. The bulls tried to create a small pullback bull trend, the bears created too much overlap, and the rally up to bar 25 converted into a trading range.
- The bears are hopeful that the gap down is strong enough to get a 2nd leg down a test of the bar 1 low.
- So far, bars 33 and 34 bear breakout with follow-through, which is a good candidate for the start of the test down to the bar 1 low.
- Because of selling pressure on the 60-minute chart, it is reasonable to assume that the market will likely get a test of the opening range, which is the tight trading range of the first 6 bars 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.
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.
