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E-mini Buyers Below Yesterday’s Weak Low 1 Short

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Trading Update: Tuesday March 24, 2026

S&P E-mini market analysis

E-mini daily chart

  • The Emini formed a Low 1 short yesterday; however, the context is bad for the bears.
  •  This was a weak Low 1 due to the consecutive sell climaxes and the market being below the support of the November 205 low.
  • The odds favored buyers below yesterday’s low and the bulls getting a reversal up and a test of yesterday’s breakout point low.
  • The bulls are hopeful that today forms a strong bull reversal bar closing on its high. This would increase the odds of the bulls getting the reversal up and test of the March 17th major lower high, ending the argument of the bear trend on the daily chart.
  • Although bears can argue lower highs and lows on the daily chart over the past few weeks, the pattern is small. Because the pattern is small and the daily chart is at an important support of the November 2025 low, the odds favor the bulls getting the reversal up.
  • The bulls are hopeful that the reversal up will be strong and lead to a test of the 7,000 round number and the All-time high.
  • Overall, the bears have had several attempts to the downside. This increases the odds that the market is forming a wedge bottom and that bulls will get at least two legs up.

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

  • Today gapped down on the open and formed an opening reversal up after bar 5. While the bears tried to get a selloff on bar 2, the bar 1 rally was too strong. This increased the odds of buyers below.
  • Looking at the Globex chart, one can see that the selloff to bar 4 today was actually a late leg in a bear channel. This increased the odds of an opening reversal and buyers not far below the bar 1 low.
  • The bulls formed a strong 3-bar rally up to bar 8. This was a strong enough bull breakout that the odds favored a 2nd leg up and a test of yesterday’s low. This was in part due to yesterday’s low, which was a weak Low 1 likely being a magnet for the market to test.
  • The rally up to bar 29 has been good for the bulls; however, it is forming consecutive buy climaxes. This increases the odds of the market going sideways and getting a two-legged pullback.
  • Because the rally was strong up to bar 28, the odds favor any reversal down forming a bear leg in what will become a trading range and not a bear trend. This means bulls buying below bars scaling in low will likely make money.

Yesterday’s E-mini setups

SP500 E-mini Gap Up Major Then Minor Reversal in Trading Range Day

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

SP500 E-mini Gap Down Bull Trend Then Trading Range

Richard created the SP500 E-mini chart.

E-mini end of day video review

Periodic end of day review videos will be moved to top of page when done.

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.

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