Trading Update: Thursday November 13, 2025
E-mini end of day video review
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S&P E-mini market analysis
E-mini daily chart
- The E-mini formed a bear bar on the daily chart yesterday following last Friday’s bull reversal up and follow-through buying over the past couple of days.
- The daily chart has likely converted into a trading range, which increases the odds of sellers in the upper 1/3rd of the range from the October 29th high to the October 10th low.
- The reasons mentioned above are part of the reasons why today gapped down on the open during the U.S. Session.
- While the rally has been strong for the bulls, the bears still expect a test of the October 10th low.
- Last Friday almost reached the October 10th close; however, the market failed, and the bulls formed a bounce.
- Overall, the odds favor disappointment by the bulls and sellers above. So far, today’s U.S. session is confirming this premise that the odds favor a test back to the October 10th close.
E-mini 5-minute chart and what to expect today
- Today gapped down, forming three consecutive bear bars closing on their lows. This is a strong enough downside breakout that the odds favor sellers above and a 2nd leg down.
- The bulls formed a two-legged rally up to the bar 9, and the bears formed a reversal bar closing on its low, which was a strong Low 2.
- The bulls who bought bar 9 got trapped by the reversal down with bars 11 and 12. This increased the odds of the bulls giving up and selling their long positions, which is why the market sold off to the bar 18 low.
- Currently, the selloff to bar 18 is strong enough for a 2nd leg down. However, due to the buying pressure up to bar 9, the market may need to retest the bar 4 breakout point low and close the gap.
- Overall, traders will expect a couple of legs up after the bar 18 bull reversal bar. However, the selloff down to bar 18 is strong enough that the odds favor the bears getting another leg down.
Yesterday’s E-mini setups
Richard created the SP500 E-mini chart – Al travelling.
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
Richard created the SP500 E-mini chart – Al travelling.
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.
