Curso de Trading do Brooks

Aprenda a operar price action consistentemente

 

More results...

E-mini Likely to Rally and Test Last Thursday’s High

By

Trading Update: Monday November 24, 2025

E-mini end of day video review

Emini EOD Review Joseph Imbornone

Follow Joseph’s YouTube channel for more Al Brooks price action analysis.

S&P E-mini market analysis

E-mini daily chart

  • The Emini last Friday formed a bull reversal bar closing below its midpoint. This was enough of a disappointment bar by the bulls to increase the odds of the market getting a bounce after last Thursday’s climactic bear breakout bar.
  • The bulls are hopeful that today will form a large bull trend bar closing above Last Friday’s high. This would increase the odds of a second leg up and a test of last Thursday’s high.
  • The E-mini is at the weekly moving average, which is likely to act as a strong support level. This increases the odds of a bounce lasting a couple of legs up on the weekly chart.
  • The 7,000 major round number is a likely magnet for the market to test. The October 29th All-time high came within 50 points of the important round number and sold off. Many traders will expect the market to go above the 7,000-round number.
  • Overall, traders will pay attention to see what today looks like. The bulls want a close above last Friday’s high as a sign of strength, and the bears want a close below last Friday’s high, which would lower the probability for the bulls.
  • At the moment, the odds favor a couple of up.

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

  • Today gapped up and formed a large bull trend bar with bar 1. This was a strong enough bull breakout bar after the gap up that the odds favored buyers below and a 2nd leg up.
  • The bears tried to get a reversal of bar 1 with bar 2, and they managed to get three consecutive bear bars. This was a sign of strength by the bears, increasing the risk of a trading-range day rather than a bull-trend day.
  • The bulls managed to get a strong reversal up with bars 6-7. This increased the odds of a 2nd leg up and a possible upside breakout of the opening range, which the bulls got on the rally to bar 16.
  • As if bar 21, the bulls have done a great job with the rally. The problem the bulls face is that the market has now formed consecutive buy climaxes with strong selling pressure on the open (bars 2-4). This increases the risk that today will create a trading range.
  • The bears want an endless pullback after the rally up to bar 22. Currently, the bears have a 4-bar bear microchannel down to bar 32. This is good for the bears and increases the odds of sideways trading.
  • Next, the bears need a breakout below the moving average, followed by a series of bearish candlestick closures on their lows.
  • Because the rally up to bar 21 is strong, the 5-minute chart will likely have to form a credible major trend reversal before the bears can get a reversal down. This means the market may have to rally back to the day’s high and form a credible double top. The bulls want the market to create a trend continuation and breakout above the bar 28 high of the day.
  • Because the market is at the 6,700-round number, there is increased risk of a trading developing and the market going sideways for several bars.

Friday’s E-mini setups

SP500 E-mini 5-Min Opening Bear Channel DB Then Rally into Trading Range

Richard created the SP500 E-mini chart. (Note: EMA interval incorrectly set at 14.)

Here are reasonable stop entry setups from Friday. 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-Min Opening Reversal Bull Trend Then Trading Range

Richard created the SP500 E-mini chart. (Note: EMA interval incorrectly set at 14.)

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.

>