Trading Update: Thursday May 15, 2025
Emini end of day video review
S&P Emini market analysis
Emini daily chart
- The Emini formed a bear doji yesterday that was an inside bar. This is hesitation late in the bull channel, which increases the odds that the market will pull back for a couple of legs.
- The Bulls have the target of 6,000, the important round number in sight. And the odds are the market will have to get there, period.
- However, as I’ve been saying, the Bulls’ problem is how climactic the rally is and how far away the market is from the moving average.
- The bulls are hopeful that today will find buyers below the prior day’s low, leading to a reversal bar closing on its high. The problem with this argument is that any bull bar closing on its high would be high, but late in a bull channel, which would increase the odds of sellers above and a second leg down.
- This increases the odds that the upside is probably limited for a couple of bars, and the market will probably have to pull back and test closer to the moving average before the bulls can reach the 6,000 big round number.
Emini 5-minute chart and what to expect today
- The Emini gapped down and has gone sideways for the first 15 bars of the day. This tight trading range is in breakout mode and increases the odds of many trading range price action today.
- The bulls see a bear channel that has been broad over the past couple of days, and they’re hopeful that we get a reversal up and a bull breakout of the bear channel.
- The market is near the 60-minute moving average, near the 5,880 price level. Because the market came within 10 points of the 60-minute moving average, it will probably have to reach it later today.
- This may cause traders to hesitate buying any rally due to the risk of the market needing a deeper pullback to the moving average.
- Overall, the market is in breakout mode, and the odds favor a measured move up or down. At the moment, I think the market will probably have to fall below the bar too low and get closer to the 60-minute moving average, as I mentioned above.
- It’s possible that the market goes sideways at this price level and drags the moving average up to this current price
Yesterday’s Emini setups
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
Al created the SP500 Emini charts.
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.
