Curso de Trading de Brooks

Aprenda a operar con la acción del precio de forma consistente

 

More results...

Emini Near November All Time High

By

Trading Update: Monday November 25, 2024

Emini end of day video review

Price Action Rose EOD Review

S&P Emini market analysis

Follow Rose’s YouTube channel for more Al Brooks price action analysis.
You can also watch Joseph’s EOD Review for today on his YouTube channel.

Emini daily chart

  • The Emini formed a bull follow-through bar last Friday, The market is going to gap up today and is getting near the November All Time High.
  • The bulls are hopeful that the reversal up from the November 20th tight trading range is strong enough to get a successful breakout of the November high. 
  • Next, the bulls want a measured move up of the November range.
  • The bears want a double top with the November high and a reversal down to the November 15th neckline. Next, they want a breakout below the neckline and a measured move down.

Emini 5-minute chart and what to expect today

  • The market gapped up on the open and formed consecutive bull bars on bars 1 and 2.
  • While this is good for the bulls, the market is far from the moving average because of the gap. This increases the odds of limited upside and a trading range open more than a bull trend from the open.
  • The bears got a reversal down on bars 3 and 4, and the market broke below the bar 1 low. The bears want an opening reversal bear trend.
  • The bulls want the market to find support at the moving average.
  • As of bar 7, the market is Always In Short, but the bears are not as strong as they could be. This increases the odds that any selloff below 1 will be a bear leg in what will become a trading range.
  • The bars are big, so traders must trade small.
  • Bars 4-5 are strong enough for a second leg down, and bar 7 meets the minimum expectation for a second leg down.
  • Bulls hoping for a failed breakout below the bar 1 low are better off waiting for a credible stop entry buy.
  • Bar 7 is disappointing for the bears and increases the odds that there are buyers not far below bar 7.
  • Because the gap up is big, the odds are that today will be a trading range or a bull trend day and not a bear trend. This means that the market is probably going to attempt to get a reversal up and test the bar 2 close sometime soon.

Friday’s Emini setups

SP500 Emini 5-Min Chart Trading Range Day

Al created the SP500 Emini charts.

Here are reasonable stop entry setups from Friday. 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-Minute Chart Bull Trap and Then Small Pullback Bear Trend

Al created the SP500 Emini charts.

EURUSD Forex market analysis

EURUSD Forex daily chart

  • The EURUSD formed a bear breakout bar last Friday. However, it closed above its midpoint. This is a sign of the momentum slowing down.
  • The selloff from the November 6th high is getting climactic, increasing the odds of a reversal up and test of the moving average.
  • Because last Friday was a disappointment bar for the bears, it led to a gap up today.
  • The bulls are hopeful that today is a strong bull reversal bar, which increases the odds of higher prices and a test of the moving average.
  • The selloff down to the November low is strong, which increases the odds that the current reversal up will be minor. This means that even if the bulls reach the moving average, the odds favor a trading range and not a bull trend.

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.

>