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E-Mini Likely to Get Pullback After Failed Breakout of 6,700

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Trading Update: Friday September 19, 2025

S&P E-mini market analysis

E-mini daily chart

  • The E-mini formed a bull breakout yesterday above Wednesday’s weak high 1 buy signal bar. Yesterday’s upside breakout failed to close on its high and instead reversed down, closing below the midpoint of the bar. This is because the context was bad for the Bulls in getting an upside breakout.
  • The 6700 round number is likely to be resistance, and therefore, there will be bears looking to sell at that round number in scaling and higher. This further increases the odds that today is going to fall below yesterday’s low.
  • The daily chart is getting climactic late in a bull rally, and that increases the odds that the market is forming a trading range.
  • Because the market is getting near important resistance late in a rally far from the moving average, the odds we’ll favor a couple of legs down.
  • The bears want to get a strong reversal bar closing on its low to entice bulls to sell out of longs to take profits.
  • Bulls know they’re buying late in a bull trend. The only reason bulls would buy is that they think the momentum is strong enough to continue driving the market higher. They are not buying because the market is cheap. Therefore, if the market starts to stall and form bear bars closing near their lows, bulls will begin to take profits and reduce their risk.

E-mini 5-minute chart and what to expect today

  • Formed a small gap up and a strong bear reversal bar closing on its low. This was a strong enough bear trend bar that the odds favored sellers above its high, which is what happened after the rally on bar 5.
  • The market has gone sideways to down for the first 23 bars of the day inside of the prolonged trading range that began with the rally up to yesterday’s bar 13. This is a contracting trading range, which is a triangle.
  • Because of what I said regarding the higher time frame, there is an increase in its test down to yesterday’s low.
  • If the Bears can get a breakout below yesterday’s 76 with follow-through. The market can fall to yesterday’s low, triggering a sell signal on the daily chart.
  •  Bar 1 is a strong bear bar which lowers the probability of today becoming a bull trend day. Because of this and the poor context for the bulls on the daily chart, traders will be more likely to sell after bar 1, anticipating a possible early low of the day. This is why the market was unable to break far above the bar 1 high.
  • The selloff down to bar 24 is tight, which is a bear breakout on a higher time frame. This increases the odds of sellers on any pullback and a 2nd leg down. As of bar 24, there is a significant risk of a test of yesterday’s low.

Yesterday’s E-mini setups

SP500 E-mini 5-Minute High 2 Then Bull Trend From Open

Al created the SP500 E-mini 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 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

SP500 E-mini 5-Minute Bull Trap and Then Wedge Bottom

Al created the SP500 E-mini charts.

E-mini 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 E-mini price action real-time each day in the Brooks Trading Course 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.

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