Trading Update: Monday December 1, 2025
E-mini end of day video review
S&P E-mini market analysis
E-mini daily chart
- The Emini has formed five consecutive bull bars on the daily chart. This increases the odds that the first reversal down will find buyers.
- The bull bodies up to the November 28th high are decreasing in size. This is a sign that momentum is beginning to slow, increasing the odds of a pullback, which it did at today’s open.
- The bears are hopeful that the current rally up to the November 28th high will form a double top with the November 12th high. Next, the bears would want the market to create a double top (lower high) and break below the November low.
- Currently, the market will probably have to test up to the 7,000 round number. This is an important enough magnet in the market that it came within 50 points of it, so the market will probably have to test up to it. This lowers the probability that the Bears will get a major turn reversal without first reaching the 7,000 round number.
E-mini 5-minute chart and what to expect today
- Today gaps down on the open. Forming a bull reversal bar on bar one, closing on its high. Bar 1 increased the odds that today would likely create a trading range open and find buyers below its low.
- The bulls formed a strong reversal up to the bar 6 high. However, it was a possible 50% pullback based on the gap down, and bar 6 closed just under the moving average. This increased the risk that the rally up to bar 6 would turn into a pullback from the gap down on the open.
- The bar 2 Low 1 short was a strong enough bear bar closing on its low to increase the odds of the market needing to test down to its low. The bears managed to get a selloff back to the bar 2 low during bar 13.
- The rally up to bar 18 was strong enough to get a 2nd leg up, which it did up to bar 27.
- As of bar 28, the market has a possible wedge top (Bars 6, 18, and 28). The bears are also getting decent selling pressure. This increases the risk that the day will continue to have a large trading range.
- The bulls are hopeful that the market is forming a bull trend with bar 1 low. While this is possible, today is below yesterday’s high. This increases the risk that today will continue to exhibit trading-range behavior.
- If the bulls manage to create a trend day, it will likely be a trending trading range day.
Last Wednesday’s E-mini setups (before Thanksgiving)
Richard created the SP500 E-mini chart.
Here are reasonable stop entry setups from last Wednesday before US Thanksgiving break. 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 E-mini.
Summary of today’s S&P E-mini price action
Richard created the SP500 E-mini chart.
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 E-mini price action real-time each day in the Brooks Trading Course trading room. We offer a 2 day free trial.
Charts use Pacific Time
When times are mentioned, it is USA Pacific Time. The E-mini 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.
