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Emini 6,700 Likely to Become Resistance

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Trading Update: Thursday September 18, 2025

E-mini end of day video review

Emini EOD Review Joseph Imbornone

Follow Joseph’s YouTube channel for more Al Brooks price action analysis.

S&P E-mini market analysis

E-mini daily chart

  • The E-mini during yesterday’s FOMC  sold off below Tuesday’s low. Because the rally up to Tuesday’s high was part of a bull microchannel, it increased the risk of buyers below, such as at the September 11th low, which is what happened.
  • The overnight hours rallied, and the Globex market broke above the 6,700-round number. This is a significant round number late in a bull trend on the higher time frames.  This increases the risk of sellers at and above the 6,700-round number.
  • Today is probably not going to form a strong bull trend bar on the daily chart. This means that any rally we get will likely find sellers and form a tail above the bar, creating a trading range bar.
  • Overall, the daily chart is likely to transition into a trading range. This means that the daily chart will likely fall below yesterday’s low and test the 20-period moving average on the daily chart.

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

  •  The Globex market formed a strong selloff following the overnight rally and test of the 6,700 during the Globex hour. This caused the open of the U.S. Session to have an increased risk of forming an opening reversal to the upside.
  • Bar 1 was a doji bar, which increased the odds of buyers below. Bar 3 was a strong high in the range compared to yesterday. This increased the odds that any rally we got would likely be a bull leg in a trading range.
  • The bulls formed a strong bull reversal bar on bar 4, and then the market formed a low 1 short with bar 5. The problem with the low 1 short on bar 5 was that it formed after several consecutive sell climaxes during the early morning Globex selloff.
  • The bulls formed a strong bull rally during bars 6 to 13, which tested within two points of the Globex all-time high (6,719.75).  Because the rally up to bar 13 was very climactic and at resistance on the higher time frames.  There was an increased risk of the rally up to bar 13 actually failing and leading to a deep pullback and a test back to the bar 2 high, which is what happened during bar 30.
  • The bears want the selloff from the high of the day to test the bar 5 Low 1 short, confirming that the day is a large trading range.
  • As of bar 29, today is likely to be a trading range day and not a bull trend day.

Yesterday’s E-mini setups

SP500 E-mini 5-Minute Bear Trend From Open and Then Trading Range

Al created the SP500 E-mini 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 E-mini.

Summary of today’s S&P E-mini price action

SP500 E-mini 5-Minute High 2 Then Bull Trend From Open

Al created the SP500 E-mini 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 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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