Trading Update: Monday March 16, 2026
E-mini end of day video review
S&P E-mini market analysis
E-mini daily chart
- The E-mini formed four consecutive bear bars following the March 9th large outside up bar. The bulls still expect a second leg up and a test of the March 9th high, and ultimately a rally back up to the all-time high.
- With the four consecutive bear bars on the daily chart, that increases the risk that the first reversal up is going to be minor, and the bears may need a small second leg down.
- Because the higher timeframe contexts, such as the daily and weekly charts that are near support, the odds are that there are likely buyers in this general location willing to scale in lower.
- The bears are hopeful that the bulls are trapped and they will give up, leading to a strong breakout below the March 9th low; however, because of the several attempts down by the bears and the consistent buying pressure on the way down, the odds are that there are likely buyers not far below.
- The market came close to testing the November 2025 low. It is an obvious level of support that the market may have to reach before the bulls can get a credible reversal up.
E-mini 5-minute chart and what to expect today
- Today gapped up on the open and rallied, forming a parabolic wedge with the bar 11 high.
- The bears got a strong enough reversal down with 12 and 13 that the odds favored a second leg down and ultimately a trading range day.
- The Bears managed to get follow-through with bars 14 through 16. That increased the odds that any reversal up was likely to be minor.
- The Bulls did a good job with the reversal up on bars 17 and 18. This increased the odds of a second leg up, which the Bulls got up to bar 26.
- Bar 26 was a credible short for the bears for a possible Lower High Major Trend Reversal.
- The Bears got a surprise breakout on bars 29 and 30. This led to a second leg down on 36.
- As of Bar 36, the market is breaking below the neckline of a potential double bottom, Bar 1 and Bar 17. Next, the bears are hopeful that the bear breakout on 35 will get a strong follow-through on 36. The market will get a measured move down based on the opening range.
- More likely because of all the trading range price action, the bears are likely going to be disappointed with bar 36, and the bulls will likely get some kind of reversal up.
- The bears are hopeful that they can get a strong sell-off and a bear trend day closing on its low; however, because of the higher time frame context, the odds are that today is going to be a trading range day and disappoint the bears.
- Even if the bears do get a measure move based on the opening range, today it’s unlikely to close on its low.
Yesterday’s E-mini setups

Richard created the SP500 E-mini chart.
Here are reasonable stop entry setups from yesterday. 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.


