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E-Mini Bears Want Test of September 2nd Low

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Trading Update: Thursday September 11, 2025

E-mini end of day video review

Brad Wolff Emini EOD Review

S&P E-mini market analysis

E-mini daily chart

  • The E-mini gapped up on the daily chart and formed a bear reversal bar closing near its midpoint. This is disappointing follow-through for the Bulls after the breakout above the September 5th high, which increases the odds of the market experiencing a deeper pullback.
  • The daily chart is in a bull channel with profit-taking above new highs. This increases the likelihood that the market will evolve into a trading range on the daily chart.
  • The bears have had very few bars below the moving average over the past several months. This lowers the probability of the Bears getting a strong reversal down and increases the odds that the market will have to go more sideways to down.
  • The first target for the bears is a test of the September 2nd higher low.
  • Overall, the upside is likely limited, and the market will likely pull back over the next few weeks.

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

  • The market gapped up on the open and formed follow-through on bar 1. This is a sign that the market is accepting the gap and not rejecting it. The gap up was large enough that the odds favored a second leg.
  • The Bulls got a strong second leg up with bars 4, 5, and 6, and the odds favored a measured move of the range of those bars.
  • As of bar 36, the market has gone sideways for several bars above the moving average, after reaching a measured move of bars 4, 5, and 6.
  • The bears are trying to add to the selling pressure and undo the rally. However, the reality is the Bears have yet to get a close below the moving average, which means any reversal down is likely to be minor and bought.  
  • The bulls will expect any trading range to get trend resumption and a breakout above the bar 25 high.
  • The market is in a bull trend, and the bears need to do more than what they have done so far if they are going to get a reversal down.
  • If the Bears do get a reversal down, a trading range is more likely, which means any reversal down will probably get bought.
  • Because of the higher time frame context and the market being overbought on the daily chart, it is possible that the bears get a strong enough sell-off intraday, creating a tail above today’s bar on the daily chart. This would disappoint the bulls and increase the number of traders willing to take partial profits on the higher timeframes.

Yesterday’s E-mini setups

SP500 E-mini 5-Min Wedge Top Then Bear Channel

Al created the SP500 E-mini 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 E-mini.

Summary of today’s S&P E-mini price action

SP500 E-mini 5-Min Bull Trend from Open and Then Trading Range

Al created the SP500 E-mini 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 E-mini price action real-time each day in the Brooks Trading Course 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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