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E-mini Support At October 10th Close

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Trading Update: Tuesday November 18, 2025

S&P E-mini market analysis

E-mini daily chart

  • The E-mini yesterday formed a bear reversal bar closing below its midpoint. Because of the microchannel down from the November 12th high, the odds of sellers above last Friday’s high increased.
  • The bears are trying to get a downside breakout below the November 7th low. However, at the moment, the market is failing to break below the November 7th low.
  • The bulls are hopeful that today will form a strong reversal bar, closing on its high. The bulls would see a reversal up as two legs down and a second entry buy on the daily chart.
  • Today is also testing the October 10th close, which was a likely support location for the market to go sideways.
  • Overall, traders will pay close attention to see how today closes. The bulls want today to close far above the open, creating a strong bull reversal bar. More likely, today will not close far above the day’s open. This would set a disappointing bar for both bulls and bears.

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

  • Today gapped down on the open and formed a large bull doji bar with bar 1. This increased the odds of buyers below the bar 1 low, especially at the 6,595.25 price level, which is the October 10th close.
  • The bears formed a strong downside breakout down to the bar 7 close that was strong enough to get a second leg down, which it did during bar 19.
  • The bulls formed a strong reversal up to bar 24. Because the rally to bar 24 was within the overall trading range, the bears managed to get a deep pullback to the bar 37 low.
  • The selloff to bar 37 was a parabolic wedge bottom in a trading range day and a potential higher low major trend reversal for the bulls.
  • The bulls formed a strong bull breakout and follow-through during bars 38-39. This is strong enough that traders will expect a measured move up.
  • The bulls want today to form a bull trend day and close on its high. This would create a strong bull reversal bar on the daily chart, which would be a second entry buy for the bulls.
  • Overall, the reversal up on 38-39 is important enough to likely influence the rest of the day. This means traders will expect a measured move up and a test of the 6,700 round number.

Yesterday’s E-mini setups

SP500 E-mini 5-Min Bear Channel Trending Trading Range Day

Richard created the SP500 E-mini chart.

Here are reasonable stop entry setups from yesterday. 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

SP500 E-mini 5-Min Trading Range Day within Daily Chart Bear Channel

Richard created the SP500 E-mini chart. (Note: EMA interval incorrectly set at 14.)

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.

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