Trading Update: Tuesday June 24, 2025
Emini end of day video review
S&P Emini market analysis
Emini daily chart
- The Emini gapped up above the June 11th high. The bears will view today as a potential wedge top on the daily chart (May 19th and June 11th).
- The Bears are hopeful that today will form a bear reversal bar closing on its low. This would increase the number of bulls selling out of lows and bears selling to go short below it.
- Traders will pay close attention to see how today closes. The weaker the bear reversal bar, the more likely it is that buyers will appear below.
- The bears need to undo yesterday’s outside up bar and today’s gap up.
- Ideally, the Bears can get a bear bar closing on its low. That would increase the chances of follow-through over the next couple of days for the Bears.
- Because the market is in a tight bull channel, the wedge top is still low probability and likely a minor reversal. The minimum target for the Bears would be the June 23rd, most recent high or low.
Emini 5-minute chart and what to expect today
- Today formed a large gap up, and rallied above the June 11th high. Because June 11th is an obvious magnet, it’s a likely area for traders to begin taking profits.
- This means that there is an increased risk of a pullback on the open.
- Bar 1 formed a doji bar and increased the odds of limited upside and sellers above.
- The bears are hopeful that after bars 5-6, the odds favor a test of the moving average. Next, bears want a strong breakout below the moving average.
- The bears are hopeful that today will form a bear trend day and lead to lower prices. However, if today is going to form a bear trend, the market will need to form more selling pressure than what has been created so far.
- As of bar 9, the odds favor a trading range open and more sideways trading.
- Because the gap up is large, the market may have to test above the bar 4 high and create a 2nd leg up. However, there might be more profit taking above the bar 4 high.
Yesterday’s Emini setups
Brad 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
Brad created the SP500 Emini chart – Al travelling.
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.
