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Emini Halting the Buying Pressure on the Daily

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Trading Update: Friday June 13, 2025

Emini end of day video review

Emini EOD Review Joseph Imbornone

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

S&P Emini market analysis

Emini daily chart

  • The Emini formed a bull inside bar yesterday, following the 5-bar bull micro channel on the daily chart.
  • While the daily chart has been relatively bullish over the past several days, the 5-bar bull micro-channel is becoming climactic, and the odds are it’s going to test the moving average fairly soon.
  • The Globex market yesterday formed a large sell-off due to the news about Israel and Iran. This led to a sell-off below the prior day’s low and the market ending the bull micro channel on the daily chart.
  • The above-mentioned news event was simply the catalyst for the market testing down to the moving average. The daily chart has experienced significant overlap late in the bull channel, and therefore, the odds favor the moving average.
  • As good a buy signal bar as yesterday was, closing on a tie, the context was bad. It’s a high 1 buy forcing bulls to buy late in the bull channel, and that led to sellers above.
  • Overall, the daily chart is probably going to test down closer to the moving average and will likely have to reach it.

Emini 5-minute chart and what to expect today

  • Today formed a large gap down in a big bar closing on a tie with bars 1-2.
  • The bull bars on bars 1 and 2 are strong enough to increase the odds of buyers below.
  • Because the gap down was large, the odds favored a second leg down, and the market falling below the one low. With the four consecutive bars down to bar 6, the odds favored sellers above the bar 6 high in a second and another leg down, which is what happened at the 12 low.
  • The sell-off down to bar 12 formed a parabolic wedge, and therefore, it was reasonable for bears to exit above the bar 13 high.
  • The moles managed to get a decent reversal up to bar 18, testing the moving average.
  • So far today has had a lot of trading range price action, and that is a warning that the rest of the day is going to have a lot of trading range price action.
  • The bears are hoping that the market is forming a channel after the large gap down, and the market will continue to go lower for the rest of the day.
  • However, with all the bull bars we’ve had today, the odds are against the market forming a strong bear trend and closing far below the 12 low.
  • With the market being in a trading range, traders have to be open to the possibility of anything. This means that if the bears start to gain strength, with bear bars closing on their lows as the market tests down to the bar 12 low, traders must be mindful of the potential for a downside breakout. The same applies to the bulls if they start to achieve strong closes above the moving average.

Yesterday’s Emini setups

SP500 ES Emini 5-Min Chart Bull Trend from Opening Range Then Trading Range

Richard created the SP500 Emini 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 Emini.

Summary of today’s S&P Emini price action

SP500 ES Emini 5-Min Chart Bear Trending Trading Range Day

Richard created the SP500 Emini chart – Al travelling.

EURUSD Forex market analysis

EURUSD Forex daily chart

  • The EURUSD finally broke above the April 21st high yesterday.
  • The rally up to the April 21st high was in a bull channel, which is a variation of a trend. Even though the market was overbought and had consecutive bi-climaxes by the time April 21 formed, the odds favored any reversal down being minor.
  • The Bears did a good job with the sell-off downs in the May low. However, it was not enough.
  • The bulls are hoping that the past two days on the daily chart are a strong enough breakout that it will lead to some measured move.
  • At the moment, yesterday’s breakout is strong enough for a small second leg. Traders will pay close attention to see what kind of follow-through the bulls can get.
  • If the market begins to go sideways at the April 21st high, traders will start to sell out of longs.

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.

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