Trading Update: Monday March 9, 2026
E-mini end of day video review
S&P E-mini market analysis
E-mini daily chart
- The daily chart gapped down on the open due to the selloff during the Globex session. However, the sell-off last night was climactic, and that increased the odds that the market would find buyers and today would likely form a bull reversal bar.
- Because the daily chart has been in a tight trading range for several months, any reversal down is likely to get bought.
- Bulls who bought above March 3rd, willing to scale in lower, or likely to make money. This means that the market will probably test back up to the March 3rd high at a minimum.
- Because of the lack of strong bear bars and the context being a tight trading range, the odds are that the downside sell-off is going to fail and lead to a reversal back up.
- Overall, the bulls want to form a strong bull reversal bar closing on its high today. Next, they want tomorrow to form a strong follow-through buying, increasing the odds of a 2nd leg up and a test of the March 3rd high.
E-mini 5-minute chart and what to expect today
- Today gapped down in the open and sold off for the first 9 bars of the day. Because bar 1 was a doji, it was a weak sell signal bar below, which increased the odds of buyers willing to scale in lower.
- The gap down was also climactic, and the market was testing support on higher timeframes. This increased the odds that the market would likely find an opening reversal.
- While the bears did a good job on the first five bars, the context was not ideal, and that increased the odds the market was forming a trading range, meaning bulls would be willing to buy and scale in lower. That’s what led to the reversal up and the strong rally up to bar 17.
- The bulls are hopeful that the market will get a measured move from the low of bar 9 to the high of bar 1, projecting near last Friday’s close.
- As of bar 33, the market is in a bull trend. The bulls are hopeful that they can continue the bull trend and make it last all day.
Friday’s E-mini setups
Richard created the SP500 E-mini chart.
Here are reasonable stop entry setups from Friday. Chart shows each buy entry bar with a green arrow and each sell entry bar with a red arrow. Buyers of the Brooks Trading Course have access to a near 4-year library of detailed explanations of swing trade setups (see Online Course/BTC Daily Setups) linked to the Brooks Encyclopedia of Chart Patterns product.
The 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.
