{"id":252605,"date":"2025-10-14T08:48:52","date_gmt":"2025-10-14T15:48:52","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=252605"},"modified":"2025-10-15T00:43:47","modified_gmt":"2025-10-15T07:43:47","slug":"e-mini-testing-last-fridays-close","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/e-mini-testing-last-fridays-close\/","title":{"rendered":"E-mini Testing Last Friday&#8217;s Close"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Trading Update: Tuesday October 14, 2025<\/h3>\n\n\n\n<h2 class=\"wp-block-heading\">S&amp;P E-mini market analysis<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">E-mini daily chart<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The E-mini formed a large bear breakout last Friday on the daily chart. This is a strong enough bear breakout that it&#8217;s likely to favor a second leg down, with the first reversal of the breakout being sold.<\/li>\n\n\n\n<li>The breakout was extreme and climactic; therefore, the odds favored the market getting a bounce on Monday, which it did.<\/li>\n\n\n\n<li>Because the breakout was large and likely to influence the next several days, it was reasonable for traders to sell any pullback of Friday\u2019s bear breakout, betting on at least a test of last Friday\u2019s close, which was retested early this morning.<\/li>\n\n\n\n<li>The daily chart has been in a bull channel for several months. The odds have favored a transition into a trading range.<\/li>\n\n\n\n<li>Because of how strong last Friday&#8217;s bear breakout was, the odds are that this bull channel is now transitioning into a trading range. This means the odds favor a test of major higher lows, such as the September 2<sup>nd<\/sup> low.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">E-mini 5-minute chart and what to expect today<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Today formed a large gap down, testing last Friday&#8217;s close. And sold off for the first three bars of the day.<\/li>\n\n\n\n<li>Because the market was testing necessary support, and the gap down was fairly large, the odds favored an opening reversal, which the bulls got on bar 4.<\/li>\n\n\n\n<li>The Bulls managed to get a strong reversal up to bar 12, which increased the probability that today was likely to form a bull trend or a trading range day.<\/li>\n\n\n\n<li>The Bears have done a good job from bars 13 to 26, making the market go sideways; however, they need to do more than what they have done if they are going to get a reversal back down to the open of the day.<\/li>\n\n\n\n<li>At the moment, the rally up to bar 12 is strong enough for a second leg, and the market will probably go above the 20 high.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Yesterday&#8217;s E-mini setups<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/10\/SP500-E-mini-5-Min-Opening-Range-Breakout-and-Then-Bear-Channel-and-Trading-Range.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"382\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/10\/SP500-E-mini-5-Min-Opening-Range-Breakout-and-Then-Bear-Channel-and-Trading-Range-680x382.jpg\" alt=\"SP500 E-mini 5-Min Opening Range Breakout and Then Bear Channel and Trading Range\" class=\"wp-image-252623\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/10\/SP500-E-mini-5-Min-Opening-Range-Breakout-and-Then-Bear-Channel-and-Trading-Range-680x382.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/10\/SP500-E-mini-5-Min-Opening-Range-Breakout-and-Then-Bear-Channel-and-Trading-Range-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/10\/SP500-E-mini-5-Min-Opening-Range-Breakout-and-Then-Bear-Channel-and-Trading-Range-768x431.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/10\/SP500-E-mini-5-Min-Opening-Range-Breakout-and-Then-Bear-Channel-and-Trading-Range.jpg 1280w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<p><em>Richard created the SP500 E-mini chart &#8211; Al travelling.<\/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 E-mini.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Summary of today&#8217;s S&amp;P E-mini price action<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/10\/SP500-E-mini-5-Min-Gap-Down-Double-Bottom-and-Outside-Up-Day.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"382\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/10\/SP500-E-mini-5-Min-Gap-Down-Double-Bottom-and-Outside-Up-Day-680x382.jpg\" alt=\"SP500 E-mini 5-Min Gap Down Double Bottom and Outside Up Day\" class=\"wp-image-252663\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/10\/SP500-E-mini-5-Min-Gap-Down-Double-Bottom-and-Outside-Up-Day-680x382.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/10\/SP500-E-mini-5-Min-Gap-Down-Double-Bottom-and-Outside-Up-Day-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/10\/SP500-E-mini-5-Min-Gap-Down-Double-Bottom-and-Outside-Up-Day-768x431.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/10\/SP500-E-mini-5-Min-Gap-Down-Double-Bottom-and-Outside-Up-Day.jpg 1280w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<p><em><em>Richard created the SP500 E-mini chart &#8211; Al travelling.<\/em><\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">E-mini 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<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 E-mini price action real-time each day in the Brooks Trading Course <a href=\"https:\/\/www.brookstradingcourse.com\/online-day-trading-room\/\" target=\"_blank\" rel=\"noreferrer noopener\">trading room<\/a>. We offer a 2 day free trial.<\/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 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 <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: Tuesday October 14, 2025 S&amp;P E-mini market analysis E-mini daily chart E-mini 5-minute chart and what to expect today Yesterday&#8217;s E-mini setups Richard created the SP500 E-mini chart &#8211; Al travelling. Here are reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell entry [&hellip;]<\/p>\n","protected":false},"author":5460,"featured_media":252623,"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-252605","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\/10\/SP500-E-mini-5-Min-Opening-Range-Breakout-and-Then-Bear-Channel-and-Trading-Range.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\/252605","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=252605"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/252605\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/252623"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=252605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=252605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=252605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}