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Emini Buyers at the Moving Average

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Trading Update: Thursday July 17, 2025

S&P E-mini market analysis

E-mini daily chart

  • The daily chart of the Emini has been in a tight trading range for the past several days.
  • The bears formed a large outside down bar two days ago that was strong enough for the bears to get a closer test of the moving average.
  • The daily chart has been in a tight channel for several days, which increases the odds that any test of the moving average will probably be limited.
  • Yesterday sold off and reversed up, forming a High 1 buy signal bar. Bulls were likely willing to buy above it because the channel on the daily chart is tight.
  • However, because the market failed to reach the moving average yesterday, some traders would likely be hesitant to buy above yesterday’s high.

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

  • Today, formed a small gap up and rallied for the first 5 bars of the day. This was strong enough that the odds favored a 2nd leg up for the bulls.
  • Yesterday’s high was likely to have sellers above it. This means that likely bears were selling above bars and scaling in higher on the way up to the bar 6 high. Once the market went sideways to bar 9, the odds began to increase that the market would retest yesterday’s bar 75 high.
  • The selloff on bar 10-11 was likely to get a 2nd leg down, and it failed. This led to a reversal upward in the form of a tight bull channel, extending up to the bar 24 high.
  • Right now, the bulls have a possible gap with yesterday’s bar 75 high and today’s bar 11 low.

Yesterday’s E-mini setups

Emini 5-Min: Bear Trend, Mid-day Reversal

Brad created the SP500 E-mini charts – 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

Emini 5-Min: Bull Trend from the Open

Brad created the SP500 E-mini charts – Al travelling.

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 Price Action 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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