Trading Update: Thursday September 4, 2025
E-mini end of day video review
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S&P E-mini market analysis
E-mini daily chart
- The Emini formed follow-through buying above Tuesday’s buy signal bar. However, yesterday’s bull follow-through was weak, increasing the odds of sellers somewhere above.
- The bulls are hopeful that yesterday’s bull bar is enough follow-through buying for traders to expect at least a small 2nd leg up.
- The bulls want a breakout above the August 28th high and a measured move up of the past two-week trading range.
- The bears don’t mind if the bulls get a small 2nd leg up after Tuesday’s rally, as long as the 2nd leg is weak and ultimately reverses back down below the September 2nd low.
- Traders still see the daily chart as a broad bull channel that is converting into a trading range. This means that traders will continue to expect the bull channel to convert into a trading range.
- The bears are doing a good job getting closers below the moving average; however, they need to do more to add to the selling pressure.
- Overall, the daily chart is likely to continue to go sideways and evolve more into a trading range.
E-mini 5-minute chart and what to expect today
- The open of the U.S. Session gapped up and formed a bull reversal bar closing on its high. This was follow-through buying, which increased the odds of an end leg up and buyers staying below the bar 1 low.
- The gap on the open was small, which increased the odds of a test of yesterday’s bar 81 close.
- Because of the higher time frame context, traders will pay attention to yesterday’s high. The bulls want a strong close above it, and the bears aim to create disappointment on the daily chart and trigger profit-taking by the bulls.
- As of bar 21, the rally is strong enough to make the market Always In Long and increase the odds of a bull trend or a trading range, and not a bear trend day.
- The bears need to create more selling pressure if they are going to get a reversal back down and a test of yesterday’s high or the open of the day.
- Without more selling pressure, the best the bears can expect is a trading range.
Yesterday’s E-mini setups
Richard created the SP500 E-mini 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 E-mini.
Summary of today’s S&P E-mini price action
Richard created the SP500 E-mini 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 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.
