Trading Update: Friday October 17, 2025
E-mini end of day video review
S&P E-mini market analysis
E-mini daily chart
- The daily chart triggered the sell below Wednesday’s low 2; however, it failed to close on its low. This is a sign of weakness by the Bears and increases the odds that the market will go sideways.
- The other problem that the Bears have is that the past four trading days have a lot of overlap. This lowers the probability of both the bulls and the bears.
- While the bulls have done a good job making the market go sideways, that is not enough, and the odds favor the bears getting a large second leg down following last Friday’s downside breakout.
- The target for the Bears is the most recent major higher low, which is the September 2nd low. This means that realistically, there are likely sellers above willing to scale higher. The Bulls would need to get a strong breakout and follow-through above last Friday’s high if they’re going to convince the Bears to give up, and this is unlikely.
E-mini 5-minute chart and what to expect today
- The market formed a trading range on the open and went sideways for the first several bars. This increases the odds that today will have a lot of trading range price action.
- The bulls formed a strong reversal with follow-through during bars 26-27, and it led to a strong rally up to bar 32, making the market Always In Long.
- The bulls are hopeful they’ll get a strong breakout above the bar 10 high, and the market will rally for some measured move.
- While the odds favor the market going a little bit higher, the reality is that the odds favor a trading range. This means that the upside is likely going to be limited.
Yesterday’s E-mini setups
Richard 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
Richard 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 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.
