Trading Update: Monday March 10, 2025
Emini end of day video review
See Price Action Rose’s YouTube channel for another End of day review.
S&P Emini market analysis
Emini daily chart
- The daily chart is far from the moving average and increasing in buying pressure. The momentum is slowing down for the bears, which will cause them to hesitate to sell this far from the moment average.
- This increases the odds of a reversal up and a test of the moving average over the next several weeks.
- The bears want the tight bear channel to continue to lead to lower prices.
- The Bears have done a good job with the selling pressure. However, they have allowed too many overlapping bars, which increases the odds of a trading range developing soon.
- The risk is getting big for the bears, which increases the odds of profit-taking soon. The odds are against the daily chart getting a measured move down from the February 19th high to last Friday’s low, projecting down without getting a pullback first.
- Bears are selling because the momentum down has been strong. The more the momentum continues to stall, the more bears will buy back their shorts because of the reasons mentioned above with the risk getting too big.
- Overall, last Friday, there was a bad sell below the bar, which increased the odds of buyers below. The daily chart will probably try to correct up to the moving average over the next several days.
Emini 5-minute chart and what to expect today
- The Emini gapped down on the open and formed an opening reversal to the downside with bar 4.
- The bears are hopeful that today will form a successful bear trend. While this is possible, the odds are against it due to the higher time frames.
- The market is getting very far from the daily moving average, and the daily chart is more likely in a trading range and not in a bear trend. This is climatic behavior and increases the odds of buyers below yesterday’s low.
- The bears have done a decent job with the selling pressure down to bar 13. The bulls need to get a strong reversal up or, at a minimum, halt the selling by making the market go sideways.
Friday’s Emini setups
Richard created the SP500 Emini charts (Al traveling).
Here are reasonable stop entry setups from Friday. 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
Richard created the SP500 Emini charts (Al traveling).
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.
