Trading Update: Monday November 17, 2025
E-mini end of day video review
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S&P E-mini market analysis
E-mini daily chart
- The E-mini formed a bull bar last Friday, which is a possible double bottom with the November 7th low.
- This is a sign of weakness by the bears and increases the risk of a bounce. Last Friday was not a strong buy signal bar for the Bulls. This increases the odds of sellers above last Friday’s high.
- The daily chart is forming a tight trading range that is oscillating around the daily moving average. This is a strong warning of trading range price action and increases the odds of the market continuing to go sideways as it forms breakout mode.
- Because the market has been in a tight bull channel for so many months, there is increased risk of a test back to the 7,000 big round number. This means that the market may be unable to escape the gravitational pull of the round number.
E-mini 5-minute chart and what to expect today
- Today gapped down and rallied, forming consecutive bull bars with bars 1-2. This was a strong enough breakout that the odds favored a trading range or a bull trend, rather than a bear trend, on the day.
- The bears formed a strong two-bar reversal on bars 6 and 7. This was strong enough that the odds favored a 2nd leg down and a test of the open of the day.
- The bulls formed a strong reversal up with bar 24. This was strong enough that the odds favored a test of the bar 5 close.
- At the moment, the market has pulled back to bar 39 after the rally up to bar 30. This is a strong enough pullback by the bears that the odds favor a possible test of the bar 23 high.
- Because of all of the trading range price action, the odds favor the downside being limited and the market finding buyers near the bar 23 high or before.
Yesterday’s E-mini setups
Richard created the SP500 E-mini chart.
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 chart.
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.
