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E-mini Near Major Support on Daily

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Trading Update: Thursday November 20, 2025

E-mini end of day video review

Emini EOD Review Joseph Imbornone

Follow Joseph’s YouTube channel for more Al Brooks price action analysis.

S&P E-mini market analysis

E-mini daily chart

  • The E-mini formed a bull bar closing below its midpoint yesterday following the large two legs down. The first leg was the November 7th low, and the second leg was the November 18th low.
  • The bears are hopeful that the selloff will continue. However, the market is more likely to find buyers because it is near major support on the daily chart.
  • The bulls are hoping that the market will form enough buying pressure to lead to an upside breakout in a rally to a new all-time high
  • The problem with the bull argument is that the market has a 5-bar bare microchannel. This increases the odds that the first reversal up will be minor.
  • Even if the market falls below the 5-bar microchannel (which it has during today’s session), the odds will still favor buyers below the November 18th low in the trading range.
  • The bulls will likely have to stabilize the market before they can get a strong reversal up.
  • The daily chart is approaching the weekly moving average, and it will likely find buyers near that area. This increases the odds that the daily chart is near support and will likely bounce for a couple of legs.

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

  • The E-mini formed a large gap up on the open, and a two-legged rally to the 14 high.
  • The Bears formed a strong downside breakout with bars 16-18. This was a strong enough bear breakout that the market led to a large sell-off, lasting all the way down to the bar 38 low.
  • This is extreme selling by the bears and is a strong enough surprise on the daily chart to likely influence the next several days.
  • The sell-off down to the bar 38 low on the 5-minute chart is becoming very climactic and far from the moving average. This increases the odds of a reversal up and a rally lasting a couple of legs.
  • This increases the odds that the 5-minute chart is likely going to convert into a trading range and begin to go sideways fairly soon.
  • At the moment, then selling is also strong enough that the first reversal up is likely to be minor. This means there is an increased risk that the market will have to test back down to today’s low after any reversal up.
  • Because the selling is extreme, there is also increased risk of an endless pullback for the rest of the day. This would trap the bear selling near the 39 low, scaling in higher.

Yesterday’s E-mini setups

SP500 E-mini 5-Min Bull Trend from Open Reversal Then Trading Range

Richard created the SP500 E-mini chart. (Note: EMA interval incorrectly set at 14.)

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

SP500 E-mini 5-Min Big Gap Up DB with Strong Reversal into Bear Trend

Richard created the SP500 E-mini chart. (Note: EMA interval incorrectly set at 14.)

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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