E-mini end of day video review
Trading Update: Monday March 30, 2026
S&P E-mini market analysis
E-mini daily chart
- The E-mini gapped down last Friday, breaking below the 6,500 round number and testing 6,400 before the close. This is getting extreme and increases the odds that the market will find buyers as bears take partial profits and bulls begin to establish long positions.
- The bears are hopeful that the market is going to continue the surprisingly strong downside breakout; however, the reality is that this is a bear breakout late in a bear channel with bullish higher time frame context.
- This increases the odds of buyers in this general location and the bulls getting a reversal up testing back to the November 2025 low.
- It is possible the bulls get a strong reversal up. More likely, the bulls will have to form some kind of double bottom.
- Because last Friday was a large bear bar, the odds are that last Friday’s low will likely find buyers. This means that the odds are that today will likely close above yesterday’s low.
- The bulls are hopeful that today will be a reversal bar closing on its high.
- Even if today forms a bear bar, it will likely find disappointing follow-through tomorrow. The market is approaching important support at 6,400. This is an area that’s likely to find buyers over the next several days.
E-mini 5-minute chart and what to expect today
- Today gapped up on the open and sold off for the first six bars of the day. The sell-off to bar six was strong, and the odds favored the bears getting a second leg down even if the pullback was first deep.
- The bulls got a strong reverse up to the bar 19 high. However, a trading Range was more likely, and therefore, there were likely sellers around the 19 high.
- Because the reversal up from 16 to 19 was strong, the odds favored buyers on the first reversal down to bar 22. This led to a double top with bars 20 and 29.
- Because of the strong sell-off to bar six and the overall market being in a trading range, there was an increased risk that the rally to bar 29 was a deep pull-back. The Bears would get a delayed second leg down, which they did, down to bar 49.
- Bar 49 was a test of last Friday’s low and the important support 6,400 round number. The bulls form consecutive bull bars 50 and 51. This is strong enough that the odds favor a second leg up and increase the risk that bears who sold the 49 close, scaling in higher, are disappointed and will likely look to buy back their shorts on a test of the 49 close.
- As of bar 54, the market’s getting late in the day. The bears are hopeful that they can keep forming a strong bear bar closing on its low. More likely, the bulls are going to get some reversal up and try to close above the midpoint of the day. Because the daily chart is getting climactic, there’s increased risk that the bulls can get a surprise breakout late in the day.
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.
