Trading Update: Friday March 14, 2025
Emini end of day video review
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S&P Emini market analysis
Emini daily chart
- The Emini gaped up on the open and tried to form a bull close on the daily chart.
- Yesterday, the market closed below Wednesday’s Low 1 sell signal bar. The context was bad for the Low 1, increasing the odds of buyers below.
- The selloff has formed consecutive sell climaxes late in a bear channel. This increases the odds of a reversal soon, and the market is getting a couple of legs sideways to up.
- The moving average is far away from the current price. Traders will see the market as cheap because it is far from the moving average. They are happy to sell far below the average price (moving average) when the momentum is strong.
- However, once the momentum slows, traders will be less willing to sell at a price far from the average price. This means that the market will likely go sideways and trade the moving average down to the current price, or the market will rally up to the moving average.
- At the moment, the odds favor a couple of legs up to the moving average due to the consecutive sell climaxes and the market reaching a 10% correction.
Emini 5-minute chart and what to expect today
- The Emini gapped and rallied for the first 5 bars of the day. The odds favored buyers below bar 5; instead, the bears formed a strong breakout down to the bar 1 low. The bulls who used a wide stop and scaled below bar 5 could make money.
- The bears hope that the reversal below bar 5 is strong enough for a 2nd leg down. At the moment, the first 12 bars have a lot of overlap, which increases the odds of sideways trading, and today, there is a lot of trading range price action.
- Because the rally to bar 5 was strong, the market may have to rally back to bar 5 close and allow the trapped bulls out.
Yesterday’s Emini setups
Al created the SP500 Emini 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 Emini.
Summary of today’s S&P Emini price action
Al created the SP500 Emini 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 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.
