Trading Update: Tuesday July 1, 2025
Emini end of day video review
S&P Emini market analysis
Emini daily chart
- The Emini has been in a bull micro channel for the past 6 bars. Yesterday formed a small bull bar with a tail above the bar. This increases the chances that the market will begin to go sideways soon.
- Today gapped down, and the Bulls are trying to form a bull bar; however, even if today is a bull bar, there’s increased risk that it’ll find sellers above.
- The bulls are hopeful that today will form a strong high-won buy, but it would be a high-won buy late in a rally, far from the moving average, and that increases the risk that the market will get a pullback.
- Although the odds favor a pullback, the Bears are lacking in selling pressure, and they need to do more if they’re going to get a credible reversal down.
- Without a more clear reversal by the bears, the odds are any pullback we get will be minor and lead to higher prices in a test up to 6,300.
Emini 5-minute chart and what to expect today
- Today, the market gap down on the open and has formed a lot of overlapping bars for the first 18 bars of the day.
- Bulls have a Strong 3-bar bull rally up to bar 24. This is strong enough that the odds favor a second leg up. This makes the market likely Always In Long.
- The recent rally is good for the bulls, but it is still within an overall trading range. This increases the likelihood that the bulls will end up being disappointed, and the market will continue to trade sideways.
- Until there is a clear breakout above or below the opening range, the odds are that today will have a lot of trading range price action.
- The rally up to 24 is strong enough for a second leg, and therefore, the bulls have a chance to break above the 10 high.
- Currently, bar 24 has trapped bears who sold the pullback after bar 21. The Bulls need to squeeze the Bears out of their losing positions and force them to cover their shorts with the loss.
- Because we’re in an overall trading range, the pullback after bar 24 can be deeper than what the bulls want.
Yesterday’s Emini setups
Brad created the SP500 Emini 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 Emini.
Summary of today’s S&P Emini price action
Brad created the SP500 Emini 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 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.
