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Emini Buyers below January 19th Low

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Trading Update: Tuesday March 4, 2025

Emini end of day video review

Emini EOD Review Joseph Imbornone

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S&P Emini market analysis

Emini daily chart

  • The market just reached the January 13th low today during the U.S. Session. This increases the odds that there will be buyers below and that the daily chart forms a bull close.
  • The Emini went outside down after Friday’s bull reversal bar. Last Thursday’s bear breakout below the low 1 (Feb 26th) was strong enough to trap limit order bulls. This increased the odds of the Bulls getting a 2nd leg down.
  • The channel down from the February 19th high is tight, increasing sellers’ odds above last Friday’s high.
  • The bulls are hopeful that they will form a strong bull reversal bar today, creating a failed breakout below the January 13th low.

Emini 5-minute chart and what to expect today

  • Yesterday, the market formed consecutive sell climaxes; today, it gapped down on the open. This increases the odds of buyers below yesterday’s low and the market testing yesterday’s close in an effort to close the gap.
  • Today, a trading range will likely be open. There is only a 20% chance of a trend day up or down. Because the selling on the daily chart is getting climactic, there is an increased risk that the daily chart will bounce, meaning today might try to form a bull trend day.
  • The bears are hopeful that today will form another bear tend day close near its low. While this is possible, it is not likely at the moment.
  • The odds favor today forming a trading range open. This means that most traders will be better off waiting for 6-12 bars before placing a trade.
  • Trading ranges always form some variation of a double top/bottom, or a wedge top/bottom. An opening swing often begins before the end of the second hour. This means that a trader can usually wait for one of the above-mentioned patterns to form before placing a trade.
  • It is important to try and catch the opening swing before it provides a great risk reward.  Traders should pay attention to yesterday’s low as the market will probably find buyers below it.

Yesterday’s Emini setups

SP500 Emini 5-Min Chart Sell Climax and Then Bear Channel

Al created the SP500 Emini charts.

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

SP500 Emini 5-Min Chart Bear Trend From Open and Then Reversal Up

Al created the SP500 Emini charts.

EURUSD Forex market analysis

EURUSD Forex daily chart

  • The bulls are trying to get follow-through buying after yesterday’s strong bull reversal bar closing near its high.
  • The bigger today’s bar is for the bulls, the higher the probability that the bulls will get a 2nd leg up. The bears are hopeful that today will form a wedge top and a fear breakout of the trading range that has lasted for the past 11 days.
  • When in doubt, waiting for a credible stop entry is always best. It is probably on the buy above yesterday’s bull breakout bar right now. However, today, it forms a strong bear reversal bar closing on its low, which may trap the bulls into a bad trade and possibly force them to exit below.

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 BrooksPriceAction.com trading room days. 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.

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