Trading Update: Wednesday September 24, 2025
E-mini end of day video review
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S&P E-mini market analysis
E-mini daily chart
- Yesterday, the E-mini formed a strong bear reversal bar formed following Monday’s climactic bull Yesterday, a strong bear reversal bar formed following Monday’s climactic bull breakout bar. This is a strong enough reversal down that the odds favor at least a 2nd leg down.
- There might be buyers below yesterday’s low, and the market may have to form a weak High 1 buy signal bar before the bears get a 2nd leg down.
- If it forms a High 1 buy signal bar today, it will probably find sellers above its high, and the bears will likely get a 2nd leg down.
- Yesterday’s bear reversal bar is strong enough that bulls will likely be interested in selling around Monday’s close if the market reaches it.
- While a 2nd leg down is likely for the bears, there are probably buyers not far below, and the market will probably have to bounce before the bears can get an apparent reversal down.
- Less likely, today is a strong downside breakout, and the market sells off to the September 17th low.
E-mini 5-minute chart and what to expect today
- Today gapped up and sold off for the first six consecutive bear bars. This was a strong enough downside breakout that the odds favored a 2nd leg down, which bears got on bar 21.
- The selloff to bar 21 was in a tight bear channel, and that increased the odds that the first reversal up would be minor.
- The bears ended up getting a strong downside breakout below yesterday’s low during bar 28. This was strong enough that the odds favored a 2nd leg down. However, the breakout below yesterday’s low and the 6,700 round number was likely to find buyers below.
- Because the odds favored buyers below the 6,700 round number, this increased the odds of the selloff down on bar 28 becoming a buy vacuum test of support.
- Many traders buying 6,700 would be willing to scale in 10 and 20 points lower.
Yesterday’s E-mini setups
Al created the SP500 E-mini charts.
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
Al created the SP500 E-mini charts.
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.
