{"id":261106,"date":"2026-01-30T08:43:44","date_gmt":"2026-01-30T16:43:44","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=261106"},"modified":"2026-01-31T00:43:10","modified_gmt":"2026-01-31T08:43:10","slug":"e-mini-continued-trading-range-price-action-on-daily-2","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/e-mini-continued-trading-range-price-action-on-daily-2\/","title":{"rendered":"E-mini Continued Trading Range Price Action on Daily"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Trading Update: Friday January 30, 2026<\/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 sold off yesterday and rallied midday, closing above its midpoint. This is a large High 1 buy signal bar at the top of a trading range that overlaps several bars. This lowers the probability of the bulls buying above it and increases the odds of sellers in the upper third of yesterday&#8217;s bar.<\/li>\n\n\n\n<li>Today will likely form an inside day. The bears are hopeful that today will close on its low, but even if it does, an inside bar around the middle of a prolonged, tight trading range is not a great probability for the bears, even if it closes on its low.<\/li>\n\n\n\n<li>The market is right at the 20-period moving average on the daily chart. This increases the odds that the market will continue to go sideways around this price level.<\/li>\n\n\n\n<li>Because the market is near the all-time highs and arguably in the upper third of the prolonged trading range that began back in October, the odds are that the market will get a couple of legs down and test closer to the bottom third of the trading range and the December low.<\/li>\n\n\n\n<li>Overall, the market is in a tight trading range, which is not great for traders and increases the odds that the market will continue to go sideways in this range.<\/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 gapped down on the open, and it has gone sideways for the first 24 bars. The market has formed a lot of overlapping bars with reversals. The current structure to date is an expanding triangle, and traders should assume that today will likely have a lot of trading range price action.<\/li>\n\n\n\n<li>If the market does break out up or down and begin to form trending behavior. It&#8217;ll likely be a trending trading range day.<\/li>\n\n\n\n<li>With all the overlapping bars and sudden reversals, traders should be cautious about breakouts being successful.<\/li>\n\n\n\n<li>The bears have a strong sell-off down to bar 23, breaking out below the lows of the day. They are hopeful that the pullback to 26 is a bear flag that will lead to a second leg down and a breakout below the 24 low.<\/li>\n\n\n\n<li>Because of all the overlapping bars and the lack of strong selling near the 24 low. The risk is real that bar 24 is a failed breakout that will lead to a reversal up and test of the high of the day.<\/li>\n\n\n\n<li>Because today is Friday, traders should be prepared for a possible surprise breakout up or down late in the day.<\/li>\n\n\n\n<li>Overall, because of all the trading range price action on the open, traders should assume that today is going to have a lot of trading range price action for most of the day.<\/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\/2026\/01\/SP500-E-mini-Parabolic-Wedge-Sell-Climax-Followed-by-Endless-Pullback.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/01\/SP500-E-mini-Parabolic-Wedge-Sell-Climax-Followed-by-Endless-Pullback-680x383.jpg\" alt=\"SP500 E-mini Parabolic Wedge Sell Climax Followed by Endless Pullback\" class=\"wp-image-261321\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/01\/SP500-E-mini-Parabolic-Wedge-Sell-Climax-Followed-by-Endless-Pullback-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/01\/SP500-E-mini-Parabolic-Wedge-Sell-Climax-Followed-by-Endless-Pullback-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/01\/SP500-E-mini-Parabolic-Wedge-Sell-Climax-Followed-by-Endless-Pullback-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/01\/SP500-E-mini-Parabolic-Wedge-Sell-Climax-Followed-by-Endless-Pullback.jpg 1280w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<p><em>Richard created the SP500 E-mini chart.<\/em><\/p>\n\n\n\n<p class=\"caption\">Here are reasonable stop entry setups from yesterday. Chart shows each buy entry bar with a green arrow and each sell entry bar with a red arrow. Buyers of the Brooks Trading Course have access to a near 4-year library of detailed explanations of swing trade setups (see Online Course\/BTC Daily Setups) linked to the Brooks Encyclopedia of Chart Patterns product.<\/p>\n\n\n\n<p class=\"caption\">The 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\/2026\/01\/SP500-E-mini-Opening-Range-Bear-Channel-Then-Breakout-into-Trading-Range.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/01\/SP500-E-mini-Opening-Range-Bear-Channel-Then-Breakout-into-Trading-Range-680x383.jpg\" alt=\"SP500 E-mini Opening Range Bear Channel Then Breakout into Trading Range\" class=\"wp-image-261421\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/01\/SP500-E-mini-Opening-Range-Bear-Channel-Then-Breakout-into-Trading-Range-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/01\/SP500-E-mini-Opening-Range-Bear-Channel-Then-Breakout-into-Trading-Range-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/01\/SP500-E-mini-Opening-Range-Bear-Channel-Then-Breakout-into-Trading-Range-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/01\/SP500-E-mini-Opening-Range-Bear-Channel-Then-Breakout-into-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.<\/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: Friday January 30, 2026 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. Here are reasonable stop entry setups from yesterday. Chart shows each buy entry bar with a green arrow and each sell entry bar with a [&hellip;]<\/p>\n","protected":false},"author":5460,"featured_media":261321,"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":[60,84],"class_list":{"0":"post-261106","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-update","8":"category-analysis","9":"tag-sp-emini","10":"tag-trading-range","11":"entry","12":"override","13":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/01\/SP500-E-mini-Parabolic-Wedge-Sell-Climax-Followed-by-Endless-Pullback.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\/261106","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=261106"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/261106\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/261321"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=261106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=261106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=261106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}