Trading Update: Friday April 25, 2025
Emini end of day video review
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S&P Emini market analysis
Emini daily chart
- The Emini Yesterday went outside up, forming a bull bar closing above the prior day’s high. The bulls are hopeful that today will form a strong follow-through bar. However, because yesterday was an outside bar, it increases the risk that today will be disappointing for the Bulls.
- The April 9th breakout bar is important, and the odds still favor a second leg up. This week may be the start of that second leg.
- The bears were hopeful that they could get a double top with the April 9th high and today’s bar, but realistically, they need a strong bear bar closing on the flow today if they convince the bulls to exit. Otherwise, there are probably traders buying below today’s low.
Emini 5-minute chart and what to expect today
- Today formed a small gap down on the open and went sideways for the 1st 12 bars of the day.
- In general, most traders are better off waiting for six to 12 bars before looking to trade on the open. This is because most opens lead to trading ranges, so there’s no rush for a trader if you’re looking for the opening swing.
- So far, the first 18 bars have been sideways, which increases the odds that today will have a lot of trading range price action. The markets also spend a lot of time at the open of the day, which will probably be an important magnet for the rest of the day.
- Overall, traders should assume that today, there will be a lot of trading range price action until there is a clear breakout up or down of the opening range. This means traders should assume that today will remain a trading range day until proven otherwise.
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.
