{"id":227759,"date":"2025-01-16T07:17:10","date_gmt":"2025-01-16T15:17:10","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=227759"},"modified":"2025-01-16T22:05:29","modified_gmt":"2025-01-17T06:05:29","slug":"emini-at-the-moving-average-on-daily-chart","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/emini-at-the-moving-average-on-daily-chart\/","title":{"rendered":"Emini at Moving Average on Daily Chart"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Trading Update: Thursday January 16, 2025<\/h3>\n\n\n\n<h2 class=\"wp-block-heading\">S&amp;P Emini market analysis<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Emini daily chart<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Emini gapped up yesterday and closed above the 20-period moving average.<\/li>\n\n\n\n<li>The reversal up from Monday\u2019s low is strong enough that the odds favor a 2<sup>nd<\/sup> leg up.<\/li>\n\n\n\n<li>The bulls want to reach the lower highs on January 6 and December 26.<\/li>\n\n\n\n<li>While the bulls have done a good job, the overall context of the daily chart is a trading range. This increases the odds of sideways trading and disappointment for both the bulls and the bears.<\/li>\n\n\n\n<li>Because the daily chart is at the moving average, there is an increased risk that today will not be another bull tend bar closing on its high. This means that today will probably form a weak bull bar or close below the day&#8217;s open.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Emini 5-minute chart and what to expect today<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Emini formed a bear trend from the open after it created a small gap up on the open.<\/li>\n\n\n\n<li>The early morning hours of the Globex 15-minute chart formed a wedge bottom (8:15 AM EST), and the selloff down to bar 6 formed a bear breakout below the wedge bottom. The odds favor a failed breakout below the wedge bottom and a reversal up.<\/li>\n\n\n\n<li>The selloff down to bar 7 looked like a bear leg in what would become a trading range. This led to an opening reversal up on bar 7.<\/li>\n\n\n\n<li>The selloff down to bar 6 is likely strong enough to prevent today from becoming a strong bull trend day. This means the odds favor a trading range day or a bear trend day. A trading range day is most likely.<\/li>\n\n\n\n<li>Because the higher time frame context is at support (moving average on the daily chart), today will probably try to close below the day&#8217;s open.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Yesterday&#8217;s Emini setups<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/SP500-Emini-5-Minute-Chart-Parabolic-Wedge-Top-Then-Double-Bottom.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/SP500-Emini-5-Minute-Chart-Parabolic-Wedge-Top-Then-Double-Bottom-680x383.jpg\" alt=\"SP500 Emini 5-Minute Chart Parabolic Wedge Top Then Double Bottom\" class=\"wp-image-227877\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/SP500-Emini-5-Minute-Chart-Parabolic-Wedge-Top-Then-Double-Bottom-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/SP500-Emini-5-Minute-Chart-Parabolic-Wedge-Top-Then-Double-Bottom-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/SP500-Emini-5-Minute-Chart-Parabolic-Wedge-Top-Then-Double-Bottom-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/SP500-Emini-5-Minute-Chart-Parabolic-Wedge-Top-Then-Double-Bottom.jpg 1280w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<p><em>Al created the SP500 Emini charts.<\/em><\/p>\n\n\n\n<p class=\"caption\">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.<\/p>\n\n\n\n<p class=\"caption\">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.<\/p>\n\n\n\n<p class=\"caption\">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.<\/p>\n\n\n\n<p class=\"caption\">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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Summary of today&#8217;s S&amp;P Emini price action<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/SP500-Emini-5-Min-Chart-Broad-Bear-Channel-Mostly-Trading-Range.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/SP500-Emini-5-Min-Chart-Broad-Bear-Channel-Mostly-Trading-Range-680x383.jpg\" alt=\"SP500 Emini 5-Min Chart Broad Bear Channel Mostly Trading Range\" class=\"wp-image-227947\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/SP500-Emini-5-Min-Chart-Broad-Bear-Channel-Mostly-Trading-Range-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/SP500-Emini-5-Min-Chart-Broad-Bear-Channel-Mostly-Trading-Range-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/SP500-Emini-5-Min-Chart-Broad-Bear-Channel-Mostly-Trading-Range-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/SP500-Emini-5-Min-Chart-Broad-Bear-Channel-Mostly-Trading-Range.jpg 1280w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<p><em>Al created the SP500 Emini charts.<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Emini end of day video review<\/h3>\n\n\n\n<p>Periodic end of day review videos will be moved to top of page when done.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">EURUSD Forex market analysis<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">EURUSD Forex daily chart<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The EURUSD daily chart formed a bull reversal bar on January 13<sup>th<\/sup>. While the signal bar was not strong, the context was reasonable because the marketing formed a prolonged bear channel with increasing buying pressure.<\/li>\n\n\n\n<li>The bear channel on the daily chart is likely to evolve into a trading range and test up to the January 7<sup>th<\/sup> lower high. This would end the argument of the bear channel and increase the odds of a trading range.<\/li>\n\n\n\n<li>Yesterday formed a low 1 with a bad sell signal bar. This increases the odds of buyers below and a 2<sup>nd<\/sup> leg up above yesterday\u2019s high.<\/li>\n<\/ul>\n\n\n\n<p><em>See the <a rel=\"noreferrer noopener\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/analysis\/\" target=\"_blank\">weekly update<\/a> for a discussion of the price action on the weekly chart and for what to expect going into next week.<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Trading Room<\/h2>\n\n\n\n<p>Al Brooks and other presenters talk about the detailed Emini price action real-time each day in the BrooksPriceAction.com <a href=\"https:\/\/www.brookstradingcourse.com\/online-day-trading-room\/\" target=\"_blank\" rel=\"noreferrer noopener\">trading room<\/a> days. We offer a <a href=\"http:\/\/www.brookspriceaction.com\/portal.php?page=11\" target=\"_blank\" rel=\"noreferrer noopener\">2 day free trial<\/a>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Charts use Pacific Time<\/h3>\n\n\n\n<p>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 <a href=\"https:\/\/www.brookstradingcourse.com\/blog\/market-update\/\" target=\"_blank\" rel=\"noreferrer noopener\">Market Update<\/a> page.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Trading Update: Thursday January 16, 2025 S&amp;P Emini market analysis Emini daily chart Emini 5-minute chart and what to expect today Yesterday&#8217;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 [&hellip;]<\/p>\n","protected":false},"author":5460,"featured_media":227877,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"shadow","_genesis_layout":"","footnotes":""},"categories":[153,136],"tags":[281,60],"class_list":{"0":"post-227759","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-update","8":"category-analysis","9":"tag-eurusd-forex","10":"tag-sp-emini","11":"entry","12":"override","13":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/SP500-Emini-5-Minute-Chart-Parabolic-Wedge-Top-Then-Double-Bottom.jpg","author_info":{"display_name":"Brad","author_link":"https:\/\/www.brookstradingcourse.com\/es\/author\/brad-wolff\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/227759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/users\/5460"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/comments?post=227759"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/227759\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/227877"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=227759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=227759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=227759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}