Trading Update: Monday November 10, 2025
S&P E-mini market analysis
E-mini daily chart
- The E-mini gapped up on the daily chart following last Friday’s bull reversal bar, closing on its high. This is a strong enough reversal bar after three legs down from the prior All-time high that the odds favored a 2nd leg up.
- Because of the three legs down and the wedge bottom with last Friday’s low, traders would expect a test of the November 6th high, which was tested on today’s open.
- October 10th was a strong enough downside breakout that the odds favored a test of its close.
- Last Friday test into the bottom 1/3rd of the October 10th range, which his good for the bears and was likely to cause buying. This meant that last Friday was unlikely to form a second consecutive bear trend bar closing on its low.
- Overall, the daily chart has converted into a trading range. Even if the daily chart rallies for a couple of legs, the odds will favor sellers, and ultimately, the daily chart will fall below the October 10th close.
E-mini 5-minute chart and what to expect today
- Today formed a large gap up and formed consecutive bull bars on the open. This increased the odds of a trading range day or a bull trend day, and not a bear trend day.
- The bears formed a wedge top with bar 12 and an opening reversal.
- The selloff down to bar 19 was good for the bears and likely to get a 2nd leg down. Although the selloff to 19 was strong, the context was not ideal because of the gap up, which is a sign of strong buying pressure.
- Bar 27 is a possible low for the next couple of hours. The bulls want a test back to the 16 low, which was a location where they got trapped during the selloff.
- Because today is likely a trading range day, the market will probably test back to the 16 low later today.
Friday’s E-mini setups
Richard created the SP500 E-mini chart – Al travelling.
Here are reasonable stop entry setups from Friday. I show each buy entry bar with a green arrow and each sell entry bar with a red arrow. Buyers of both the Brooks Trading Course and Encyclopedia of Chart Patterns have access to a near 4-year library of more detailed explanations of swing trade setups (see Online Course/BTC Daily Setups). Encyclopedia members get current daily charts added to Encyclopedia.
My 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 – Al travelling.
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.
