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Emini Bears Want Reversal Down After Wedge Top

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Trading Update: Wednesday June 25, 2025

S&P Emini market analysis

Emini daily chart

  • The Emini formed an upside breakout yesterday and closed above the June 11th high. The Bulls are hopeful that the breakout is strong enough for a second leg up.
  • The bears see the rally as a wedge (May 19th, June 11th). Next, they want today to form a strong bear reversal bar, trapping the bulls buying yesterday’s rally.
  • The bears realistically need a strong bear reversal bar if they are going to get a successful reversal down.
  • Because of the potential wedge top, the odds favor sellers above yesterday’s high. This means that today is unlikely to become a bull trend day and is more likely to be either a trading range day or a bear trend day.
  • The bears need to halt the buying pressure after the past two trading days. They need to create strong selling above the June 11th high. This would allow limit order traders to sell above bars and make money.

Emini 5-minute chart and what to expect today

  • The U.S. Session gapped up above yesterday’s high and found sellers above the bar.
  • This was to be expected as there were likely sellers above yesterday’s high.
  • The market formed a trading range lasting for the first 18 bars. This increases the odds that the rest of the day will have a lot of trading range price action.
  • The gap up on the open was small, and the odds favored the market closing the gap, which it did on bar 19.
  • Because yesterday was a small pullback bull trend day, the odds are against today forming another small pullback bull trend.
  • The 18-bar range is small, and this increases the odds that the market gets a measured move down of the range, which projects down to near 6,136.
  • Overall, the bears are hopeful that today will form a strong bear trend day. This would create a bear reversal bar on the daily chart and increase the risk of sellers below today’s low. The sellers would be bulls selling out of their long positions and bears selling to establish short positions.

Yesterday’s Emini setups

SP500 Emini 5-minute Bull Trend from the Open

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

Emini 5-Min: Double Top, Bear Trending Trading Range Day

Brad created the SP500 Emini charts – Al travelling.

  • Today was a trending trading range day. This means that although the market was a bear-trending day, it was mostly a trading-range type of day.
  • Today had several stop entry buys that were reasonable to take, especially if one can be quick to exit if the follow-through is weak.
  • Note there are several trades, such as bar 2, bar 23, and bar 33, that are low probability buys. However, if a trader is quick to exit on weak follow-through, one could minimize the loss, making the above examples credible buys with decent risk-reward.

Emini end of day video review

Periodic end of day review videos will be moved to top of page when done.

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.

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