Trading Update: Thursday July 10, 2025
Emini end of day video review
S&P Emini market analysis
Emini daily chart
- The Emini formed follow-through buying after Tuesday’s bear inside bar (High 1) buy signal bar.
- Because of the 9-bar bull micro channel, the odds favor at least a small 2nd leg and price going one tick above the July 3rd high.
- The daily chart continues to be far from the moving average. This increases the odds of the market going sideways and dragging the moving average up to the current price.
- The odds favor the market going sideways over the next several days and forming a trading range.
- The bears are hopeful that they can get a reversal down. However, they need more selling pressure to be successful in forming a major reversal. More likely, any reversal down will be minor and lead to a trading range, and not a bear trend.
Emini 5-minute chart and what to expect today
- The Emini sold off on bar one and formed an opening reversal on bar 8.
- The bulls formed a strong three-bar breakout up to bar 10. Because the market is in a trading range, there is an increased risk of a deep pullback, which is what happened with bar 12. The bulls still managed to get a 2nd leg up and rally up to the bar 2 high.
- As of bar 24, the current price is far from the moving average. This increases the odds of the market getting a pullback and getting closer to the moving average.
- The bears are hopeful that bar 24 will lead to a wedge top; however, more likely any reversal down will be minor.
- Overall, today’s rally is strong enough that the day is likely to form a bull trend or a trading range day and not a bear trend.
Yesterday’s Emini setups
Brad created the SP500 Emini charts – 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 Emini.
Summary of today’s S&P Emini price action
Brad created the SP500 Emini charts – Al travelling.
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.
