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Emini Buyers Likely below Yesterday’s Low

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Trading Update: Thursday March 6, 2025

Emini end of day video review

Brad Wolff Emini EOD Review

See Rose’s YouTube channel for another End of day review.

S&P Emini market analysis

Emini daily chart

  • The Emini formed a bull reversal bar yesterday after testing below the January 13th low for the 2nd time in the past two days. This increases the odds of buyers below yesterday’s low and bulls finding support.
  • The bulls hope yesterday’s rally is a reminder that the recent selloff is likely a bear leg in what will become a trading range.
  • The risk is getting for the bears, and the market is at important support, the January 13th low. This increases the odds of buyers and the bears taking partial profits.
  • The selloff down to the current low is in a tight bear channel. The Bears hope the selloff will be strong enough to get a second leg down. This means that if the market does get a pullback, the bears will look to form a lower high on the daily chart.
  • Overall, the market is at support and will probably bounce over the next several days.  

Emini 5-minute chart and what to expect today

  • The Emini formed a large gap down on the open, testing near yesterday’s low. While the gap down is strong and a sign of selling pressure, the market is at support. This increases the odds of a trading range open and the market finding buyers near yesterday’s low.
  • The first 6 bars of the day have had a lot of trading range price action. This increases the odds that the open is going to be mostly sideways.
  • The moving average is far away, which increases the odds of a bounce and the market testing closer to it. It can be reached by rallying up to the moving average or going sideways and dragging the moving average down to the current price.

Yesterday’s Emini setups

SP500 Emini 5-Min Chart Triangle Open Bear Breakout Failed

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

SP500 Emini 5-Min Chart High 2 Bottom Then Wedge Top

Al created the SP500 Emini charts.

EURUSD Forex market analysis

EURUSD Forex daily chart

  • The EURUSD is forming a strong buy-the-close rally. Yesterday, it formed a 2nd strong follow-through bar.
  • At the moment, there is no reason for the bears to be sold due to the strength of the rally. This means the odds favor the Bulls getting at least a small 2nd leg up. The risk is getting big for the bulls, which increases the odds of a pullback soon.
  • However, just because the risk is big for the bulls does not mean that traders should look too short for a scalp.
  • Generally, when the market is forming strong consecutive bull bars, it is better to look to buy or buy a pullback.
  • This is a strong statement by the bulls and increases the odds that the bulls will get some kind of 2nd leg up.

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 BrooksPriceAction.com trading room days. 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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