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Emini Buyers Below Yesterday’s Weak Reversal Bar

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Trading Update: Thursday June 5, 2025

S&P Emini market analysis

Emini daily chart

  • The Emini formed a weak sell signal bar yesterday following two consecutive strong bull bars on the daily chart.
  • Yesterday’s bear reversal bar is weak, which increases the odds of buyers below. The consecutive bull bars on June 2nd and 3rd are strong enough to get a 2nd leg up likely.
  • The odds still favor a breakout above the 6,000 round number and a test of the 6,100 price level.
  • The market does not have to stop at 6,100 and can go all the way above the all-time high.
  • Overall, the odds favor disappointment by the bears and likely buyers below yesterday’s low.

Emini 5-minute chart and what to expect today

  • Today gapped up and formed a strong bear breakout with follow-through on bars 1 and 2.
  • The breakout was strong enough for a 2nd leg down, and it formed a parabolic wedge bottom down to bar 6.
  • The selloff looked like a bear leg in what would form a trading range.
  • The rally up on bar 11 is strong enough to increase the odds of a 2nd leg up and a test of the open of the day.
  • Yesterday came within five ticks of the 6,000 round number. This is a significant magnet and increases the risk that the rally will surpass the 6,000 round number today.
  • Bulls will see bars 11 and 12 as being strong enough for a 2nd leg up and a test of the open of the day.
  • It is important to note that the Globex market has already gone above the 6,000 round number. However, the day RTH (day-only chart) has not. This increases the risk of a test above 6,000 later today.

Yesterday’s Emini setups

SP500 ES Emini 5-Min Chart Trading Range Day

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 ES Emini 5-Min Chart Double Bottom and Then Bear Channel

Al created the SP500 Emini charts.

Emini 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 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.

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