Trading Update: Wednesday May 14, 2025
Emini end of day video review
Follow Joseph’s YouTube channel for more Al Brooks price action analysis.
S&P Emini market analysis
Emini daily chart
- The Emini yesterday formed a bull bar closing on its high, following Monday’s gap up.
- While this is good for the bulls, it is late in a rally far away from the moving average. These reasons increase the odds of a pullback lasting a couple of legs down and a test of the moving average.
- The bulls have the target of the 6,000 big round number above, and the market will likely have to reach it. The close of last year is also not far above 6,000, and the odds favor the market returning to its price level over the next several weeks.
- The odds probably favor a pullback lasting a couple of legs before the bulls can get the test of the 6,000-round number.
- This means that today will probably close below the day’s open, and if the bears are lucky, today might close as a strong bear reversal bar, closing near its low.
Emini 5-minute chart and what to expect today
- The Emini gapped up and formed a bull bar closing on its high with bar 1. However, it was testing the top of a potential trading range from yesterday and found sellers on bar 2.
- The bulls who bought bar 1 got trapped by the selloff down to bar 4.
- Bar 4 was a climactic bar that increased the odds of sideways trading, causing the market to go sideways up to bar 9.
- The bears will probably get a clearer, symmetrical second leg down after the selloff to bar 3.
- The bears are hopeful that the high of bar 2 is a double top with yesterday’s high, and the market will get a measured move down to near yesterday’s low.
- The bears do a good job of collecting bars below the moving average. However, the bears need to prove they are strong and in control and get a bear breakout with follow-through below the bar 9 low.
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.
Summary of today’s S&P Emini price action
Al created the SP500 Emini charts.
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.
