Trading Update: Monday June 9, 2025
Emini end of day video review
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S&P Emini market analysis
Emini daily chart
- The Emini formed a doji bar last Friday on the daily chart. There are probably sellers above Friday’s Doji.
- The Bears are hopeful that this is creating a wedge top and that they will be able to get a reversal down sometime today.
- The Bulls see the channel up as tight and last Friday as a bad sell signal bar. They are hopeful that there are buyers below it.
- Last Friday’s hesitation is a sign that the bulls are losing momentum. This increases the odds of further disappointment by the bulls and a close below the open of the day.
- This means that today is probably not going to form a strong bull trend day.
- The bears have an opportunity to create a strong bearish close today on the daily chart. Traders will pay close attention today to see how determined the bears are at this price level.
- Overall, the odds favor a couple of days sideways to down.
Emini 5-minute chart and what to expect today
- The open of the U.S. Session formed a strong bear bar on bar 1. The Bears failed to get a second leg down, and the market reversed above the bar one high during bar 13.
- The rally up to 13 was strong. However, it appears to be a wedge and a possible failed breakout from the bar’s high. This increases the risk of a sell-off back down to the bar one low.
- So far over the past 13 bars, today looks like it’s going to have a lot of trading range price action. Because of the higher time frame context, there is the possibility that Bar 13 is forming a double top with last Friday’s Bar 61. If this happens, the Bears may get a measured move down based on the 13 high to the bar 2 low today, which would take the market down to last Friday’s low.
Yesterday’s Emini setups
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
Al created the SP500 Emini 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 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.
