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E-mini Sellers Above Yesterday’s Weak High 1 Buy Signal Bar

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Trading Update: Thursday January 15, 2026

S&P E-mini market analysis

E-mini daily chart

  • The E-mini formed a weak High 1 buy signal bar yesterday. This increased the odds of sellers above their high.
  • The daily chart has been in an overall trading range lasting several months. So far today is gapping up on the open of the U.S. Session and above yesterday’s high 1 buy signal bar. This increases the odds that the market will test back to yesterday’s high and close the gap, allowing scale in bears to make money.
  • The odds favor sellers around the 7,000 round number. This is a credible resistance level for bears to begin to establish shorts and bulls taking profits.
  • The bears are doing a good job with the increase in selling pressure; however, they need to do more. Ideally, the bears need to create a series of bear bars closing on their lows.

E-mini 5-minute chart and what to expect today

  • Today gapped up on the open and went sideways for the first 18 bars of the day.
  • The bears formed a strong bear breakout with follow-through on bars 15 and 16.
  • While this was good for the bears, it was a possible 2nd leg down and a test of the moving average after a large gap up. This increased the odds of a potential failed breakout below the bar 5 low.
  • The bulls formed a surprise reversal up with bars 18-19. This increased the odds of a 2nd leg up, which the bulls got, and the market ended up forming a wedge top with bar 31.
  • Although the rally up was good for the bulls, the selloff on bars 15-16 increased the risk of the bears getting a 2nd leg down of those bars.
  • Currently, the selloff to bar 36 might be the start of that 2nd leg down and test of the bar 16 low.
  • Because of what I mentioned regarding yesterday, forming a weak high 1 buy signal bar. There is an increased risk of a possible downside breakout and measure move of today’s range.

Yesterday’s E-mini setups

SP500 E-mini Bear Trend From Open Trading Range Day Overall

Richard created the SP500 E-mini chart.

Here are reasonable stop entry setups from yesterday. Chart shows each buy entry bar with a green arrow and each sell entry bar with a red arrow. Buyers of the Brooks Trading Course have access to a near 4-year library of detailed explanations of swing trade setups (see Online Course/BTC Daily Setups) linked to the Brooks Encyclopedia of Chart Patterns product.

The 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

SP500 E-mini Gap Up OPening Range Breakout Then Midday Reversal

Richard created the SP500 E-mini chart.

E-mini end of day video review

Periodic end of day review videos will be moved to top of page when done.

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.

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