Trading Update: Wednesday April 2, 2025
Emini end of day video review
See Price Action Rose’s YouTube channel for another End of day review.
S&P Emini market analysis
Emini daily chart
- The Emini formed a bull entry bar yesterday after Monday failed to break below the March 13th low and reversed up. Yesterday’s follow-through bar increases the odds of buyers below and the bulls getting a 2nd leg up.
- This increases the odds that the first reversal down will fail and the market will find buyers below.
- The odds favor a test of the March 27th low, which was a bear doji bar. This is because a doji is a trading range bar, which is an area of agreement. Because the bears will be hesitant to sell without seeing a credible second leg up, it increases the odds that the market will attempt to reach the 27th low.
Emini 5-minute chart and what to expect today
- The Emini gapped down and formed a strong bull reversal up with bars 1-2. This is a strong enough two-bar breakout that the odds favor a second leg up and likely a measured move of the breakout.
- The rally up to bar 12 has been strong, and because of that, today will likely be a bull trend or a trading range day, and not a bear trend day.
- The bears want to prevent today from remaining a strong bull trend and closing on its high. First, the bears need to add to the selling pressure.
- At a minimum, the bears need to form enough selling pressure to make the market go sideways. Next, the bears need to create strong bear trend bars closing on their lows to create a trendline break.
- Without more selling pressure, the odds will favor sideways to up trading.
- Yesterday, almost reached the 5,700 round number. As a result, the market may attempt to reach it today.
Yesterday’s Emini setups
Al created the SP500 Emini charts.
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 Emini.
Brooks Encyclopedia slide examples for yesterday (10)
Summary of today’s S&P Emini price action
Al created the SP500 Emini charts.
EURUSD Forex market analysis
EURUSD Forex daily chart
- The EURUSD on March 28th formed consecutive bull bars at the moving average. This increased the odds of buyers below and a 2nd leg up. The bulls are attempting to get a 2nd leg up today.
- The bulls are hopeful that today will close on its high and above the March 31st high.
- Because the March rally was strong, the bulls expect a 2nd leg up, above the March 18th high.
- The bears are hopeful that the selloff down to the March 27th low is strong enough to increase the odds of sellers above. The bears are hopeful that today’s rally is the start of a lower high below the March 18th low.
- The problem that the bears have is that the selloff down to March 27th is not enough bars and that the March rally is too strong. This increases the odds of the EURUSD surpassing the March high and achieving a larger second leg up.
- Traders will pay close attention to see what today looks like. If the bulls can create a strong bull bar closing at its high today and a strong follow-through bar tomorrow, that would increase the odds of a second leg up.
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 Emini 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 Emini 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.
