Trading Update: Tuesday June 17, 2025
Emini end of day video review
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S&P Emini market analysis
Emini daily chart
- The Emini is continuing to get close to the moving average on the daily chart. The Bears are trying to get a gap down and break out below yesterday’s weak reversal bar. However, there are probably buyers below it.
- The overlap is increasing, which increases the odds of more sideways trading.
- The bears need to get close below the moving average. This would be a sign of strength by the bears and increase the odds of sellers above bars.
- The channel up is tight, which increases the odds of buyers below bars. There is a problem for the bears, which will likely cause them to shed their fur.
- The odds still favor sideways to up trading and a test of the All-time high. The market is so close to that price level that it will likely reach it.
- Although the channel up is tight, the risk is big for the bulls, and the channel has gone on for many bars. This increases the risk of the bulls getting a deep pullback.
Emini 5-minute chart and what to expect today
- The U.S. Opening session gapped down and formed a doji on bar 1, followed by a bull inside bar with bar 2.
- So far the first 3 bars of the session have a lot of overlapping, which increases the odds of a trading range open.
- There is an 80% chance of a trading range, and only a 20% chance of a trend from the open on any given day.
- The bears are hopeful that today will form a spike and channel bear trend. More likely, the market will test up into the gap and test yesterday’s bar 71 price level.
- The bulls are hopeful that the market will form an early failed breakout below the bar 1 low and get a reversal up.
Yesterday’s Emini setups
Richard created the SP500 Emini chart – 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 Emini.
Summary of today’s S&P Emini price action
Al created the SP500 Emini 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 Emini price action real-time each day in the Brooks Price Action trading room. 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.
