Curso de Trading do Brooks

Aprenda a operar price action consistentemente

 

More results...

E-mini Profit Taking Near All-Time High

By

Trading Update: Friday January 9, 2026

S&P E-mini market analysis

E-mini daily chart

  • They formed a weak follow-through bar after Wednesday’s strong bear reversal bar. This increases the odds that bears will buy back their shorts after yesterday’s disappointment bar, and that the market will rally above Wednesday’s high.
  • The market has yet to reach the October 29th  all-time high. Because of this, it is still a likely magnet for the market’s test.
  • Even if the market goes above Wednesday’s high, because it’s a strong reversal bar closing on its low, there are likely sellers somewhere above the bar. This means bears are selling around this area, willing to scale on higher. Probably going to make money.
  • The bulls need a clear upside breakout above the all-time high with strong follow-through. Otherwise, there will likely be more profit taking up there rather than new buyers.
  • Bears will see the all-time high as a likely area to establish shorts at a high price.
  • While the daily chart is still always in long and likely to reach the all-time high, the reality is that the daily chart is in a trading range. This increases the risk that there will be sellers above the October 29th  high willing to scale in higher.

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

  • Today formed a small gap up and went sideways for the first 8 bars. The bears tried to get a downside breakout with bar 8, but the bulls got a strong reversal up with bars 9 through 12.
  • The rally up to bar 12 was strong enough to expect a second leg up and a test of the October 29th all-time high, which the bulls are getting as of bar 30.
  • While the bulls are forming a strong reversal in bull trend day, it is testing major resistance on the higher timeframes. This makes buying in this general location more dangerous and increases the risk that today evolves into a trading range.
  • With the all-time high being around 7,011, the odds are that the market will reach it.
  • The bears need to develop strong bear bars closing on their lows near the all-time high to convince traders that the market is not going to break far above it.
  • Overall, because of the important resistance and the overall selling pressure today, the odds are that the market’s probably not going to break far above 7,011 today.
  • Because today is Friday and the market is approaching the all-time high, traders must be prepared for some surprise move up or down

Yesterday’s E-mini setups

SP500 E-mini Trading Range Day Limit Order Trading

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 Bull Trending Trading Range up to New All-time High

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.

>