Trading Update: Monday June 23, 2025
Emini end of day video review
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S&P Emini market analysis
Emini daily chart
- The Emini tested the moving average last Friday, and today is forming a bull inside bar. The bulls are hopeful that today will close on its high.
- Next, the bulls want trend resumption up and a break above the June 11th high.
- The bears are hopeful that if the market does break above the June 11th high, it will form a wedge top. Next, they will want a credible bear reversal bar closing on its low.
- If the bulls do get the rally up to the June 11th high, traders will pay close attention to the strength of the rally.
- The bears want today’s bull reversal bar not to close on its high and have a tail above the bar. That would increase the odds of sellers above their high.
Emini 5-minute chart and what to expect today
- Today’s U.S. Session opened with a large bear bar, testing the bottom of last Friday’s trading range.
- The bulls formed a strong bull reversal bar on bar 2, closing on its high. This increased the odds of higher prices and a measured move up.
- The bulls formed a strong rally up to the bar 11 high.
- While the rally was strong, it is very climactic and increases the odds of a trading range lasting several hours.
- The selloff down to bar 16 is confirming that the market is likely forming a trading range. This lowers the odds of the bulls achieving an immediate trend resumption and higher prices.
- Most of the time, when the market forms a climactic rally on the open, it is a buy vacuum test of resistance. This makes it unsustainable buying, and increases the odds of a trading range forming later in the day.
- The bears want today to become something like June 16th and lead to an endless pullback following the rally.
- More likely, today’s opening rally is a strong enough surprise that the odds favor a 2nd leg up. However, the second leg up may not happen until tomorrow.
Yesterday’s Emini setups
Al created the SP500 Emini 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 Emini.
Summary of today’s S&P Emini price action
Brad created the SP500 Emini chart – Al travelling. Chart will be posted on June 24th (Tuesday).
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 Emini price action real-time each day in the Brooks Price Action trading room. We offer a 2 day free trial.
Charts use Pacific Time
When times are mentioned, it is USA Pacific Time. The Emini 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.
