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E-mini Increased Selling Pressure on Daily

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Trading Update: Thursday July 31, 2025

E-mini end of day video review

Emini EOD Review Joseph Imbornone

Follow Joseph’s YouTube channel for more Al Brooks price action analysis.

S&P E-mini market analysis

E-mini daily chart

  • The Emini sold off yesterday during the FOMC announcement; however, the bears failed to create a strong sell signal bar.
  • The daily chart has been in a tight bull channel, which lowers the odds of any bear reversal bar leading to a successful reversal without the market first going sideways.
  • Yesterday a High 1 signal bar formed for the bulls. However, it’s a bear bar, and that lowers the probability of bulls buying above it. This increases the odds that today is unlikely to form a bull bar.
  • The bears are beginning to add to the selling pressure, which increases the odds that the market is going to reach the moving average over the next several days.
  • The more selling pressure that develops, the more bulls will be interested in buying pullbacks rather than buying above bars, which is what’s happening right now.
  • Overall, the bears still need to make the market go sideways and form a trading range before the bears will have a credible reversal attempt. Without more selling pressure, the best the Bears can expect is a reversal down that leads to a trading range.

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

  • Today, a small gap formed up on the open and went sideways for the first 12 bars.
  • The Bears ended up getting a strong sell-off down to the bar 21. However, it’s forming consecutive lower highs, and that increases the risk of a bounce.
  • The Bulls will see the sell-off to 21 as a potential higher low after yesterday’s strong rally up to bar 81.
  • The selling pressure down to bar 21 is intense, and that increases the odds that any reversal up will be minor and lead to a trading range, which will limit the upside.
  • While the market is Always In Short on bar 21, it will probably pull back for at least a couple of legs over the next several bars.
  • The bulls have a decent reversal up on bars 24 and 25. They are hopeful that this will lead to an endless pullback and a rally back up to the bar 15 low.

Yesterday’s E-mini setups

SP500 Emini 5-Min TR Day Then Bear Breakout and EOD Reversal

Richard created the SP500 E-mini charts – 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 E-mini.

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

SP500 Emini 5-Min Opening Range Then Broad Bear Channel

Richard created the SP500 E-mini charts – Al travelling.

EURUSD Forex market analysis

EURUSD Forex daily chart

  •  At the moment, the odds favored a second leg down and a possible measured move based on the past three bear bars on the daily chart.
  • The Bulls are hopeful that the sell-off will lead to a bear trap. However, right now the selling pressure is too strong, and therefore the first reversal up is likely to be minor.
  • While the Bears were hoping they would get a measured move down, based on the past three days, the rally has been fairly strong on the daily chart, and therefore, that increases the risk that the Bears may get a deeper pullback than what they want.
  • The daily chart has been in a bull channels and channels evolve into trading ranges, not opposite trends.
  • This means that traders should be mindful of the possibility of a deep pullback and a test of the July 17th breakout point.
  • Overall, the selling pressure is intense, and therefore, the odds are that the first reversal up will be minor and lead to a second leg down.

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 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 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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