Trading Update: Tuesday July 15, 2025
E-mini end of day video review
S&P E-mini market analysis
E-mini daily chart
- The Emini is continuing to go sideways in a tight trading range on the daily chart and is entering breakout mode.
- The market is above the moving average, and it’s been away from the moving average for a lot of bars. This increases the likelihood that the market will reach the current price fairly soon.
- The market can reach the moving average in one of two ways: either by selling off to the moving average or dragging the moving average up to the current price.
- Because the channel up is tight, there’s increased risk that the market drags the moving average up to the current price, which means we end up going sideways for several days.
- The odds favor a breakout up or down of the tight trading range. However, it is important to remember that a tight trading range can go sideways for many more bars than what seems expected.
- The market is also at a new all-time high, and that increases the chances that we’ll find profit taking in sideways trading.
- Overall, this is probably a profit-taking environment, which increases the risk we pull back for at least a couple of legs. However, as I mentioned above, the channel up is so tight that whatever reversal down we get will probably be minor and not lead to a major reversal.
E-mini 5-minute chart and what to expect today
- Today gapped up and sold off, forming a bear trend from the open. The Bears managed to form consecutive bear bars closing on their lows, which increased the chances of a second leg down.
- The sell-off to bar 18 was strong. However, bars 17 and 18 are strong bear bars after consecutive cell climaxes in a possible parabolic wedge. This increases the chances of a bounce.
- The bulls have done a good job with the rally to 24. However, the odds favor a trading range more than the start of a bull trend. The sell-off is a bear breakout on a higher time frame; therefore, the rally up to 24 is a trendline break. That increases the risk that we sell off back down to the 18 low later today.
- Overall, today is probably going to be a bear trend or a trading range day and not become a bull trend.
Yesterday’s E-mini setups
Brad created the SP500 E-mini 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 E-mini.
Summary of today’s S&P E-mini price action
Brad created the SP500 E-mini 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 E-mini 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 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 Market Update page.
