Trading Update: Tuesday November 4, 2025
E-mini end of day video review
S&P E-mini market analysis
E-mini daily chart
- The Emini gapped down today and reached the October 10th high. This was a logical area for the market to test. There were likely bears selling the high of October 10th, willing to scale in at higher levels.
- There will probably be some buying at the October 10th high, and the market may get a bounce.
- The bulls are hopeful that today is going to form a bull reversal bar closing on its high. This would be a second entry buy following the October 31st High 1 buy signal bar.
- At the moment, today is probably not going to form a strong bull reversal bar, closing on its high, and instead will likely create a trading range bar, adding to the confusion on the daily chart.
- The bears are hopeful that today will form a strong bear reversal bar closing on its low. Next, the bears want follow-through selling and close below the moving average. This would increase the odds of lower prices.
- With the daily chart at support, the October 10th breakout point high, and the moving average, there is an increased risk of the market going sideways for a few days.
E-mini 5-minute chart and what to expect today
- Today gapped down, testing the October 10th high and rallied up to the moving average (bar 15). While the rally to bar 15 was strong, it was around a 50% pullback of the gap down. This increased the odds of sideways trading and a trading range.
- The bears are trying to get an endless pullback to bar 33. Next, they are hopeful for a reversal back down to the bar 2 weak buy signal bar high.
- As of bar 33, the market is deciding if the breakout below the tight trading range (bar 18-33) is strong enough for a test down to the bar 2 high, or if the bear breakout is going to fail and get a reversal up.
Yesterday’s E-mini setups
Richard created the SP500 E-mini chart – Al travelling.
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
Richard created the SP500 E-mini chart – Al travelling.
EURUSD Forex market analysis
EURUSD Forex daily chart
- The EURUSD is forming five consecutive bear bars closing below their midpoints. This is strong enough that the odds favor a 2nd leg down and a test of the July 30th close.
- July 30th is a strong enough bear breakout that it was likely to get retested, which is what is happening right now.
- Currently, with the five consecutive bear bars, traders will expect at least a small 2nd leg down and the first reversal up to be minor.
- The bulls are hopeful that the recent five consecutive bear bars are a third leg down in a wedge bottom (September 25th and October 9th. Next, the bulls want a reversal up and a rally to the top of the most recent lower high, which occurred on October 28th.
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.
