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Emini Testing Daily Moving Average

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Trading Update: Monday March 24, 2025

Emini end of day video review

Brad Wolff Emini EOD 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 of the Emini gapped up during the U.S. session and is currently testing the daily 20-period moving average. This was a likely magnet for the market to test.
  • Last Friday, a bull reversal bar was formed, following last Thursday’s weak Low 2 sell signal bar. The bull reversal bar closed near its high, which increased the risk of a gap up on Monday.
  • The bulls will see today’s gap up as a strong breakout of a bear flag (March 13th and 19th). Next, they want a measured move-up of the bear flag, which would take the market up to just under the 6,000 round number.
  • The next target for the bulls is the November 4th low, the bottom of a trading range on the daily chart.
  • Because the daily chart has been in the trading range for several months, it was reasonable for the market to find buyers at the November low. Instead, the bulls got trapped by the March selloff. The bulls who scaled in lower will likely be able to avoid a loss, which is why the market is likely to reach the November 4th low.
  • Overall, the bulls have had a strong reversal over the past two days. Traders will pay close attention to see what kind of selling pressure the bears will be able to develop at the 20-period moving average on the daily chart. The bears will try to create a tail above today’s bar. However, even if they do, the odds favor a 2nd leg up.

Emini 5-minute chart and what to expect today

  • The Emini formed a large gap up and is far from the moving average. The market is also near the daily 20-period exponential moving average, which increases the risk of a trading range during the U.S. Session.
  • The market formed a bull trend from the open with the first six bars of the session. While this is good for the bulls, the market is far from the moving average, and the daily range is already large when one factor in the gap. This means there is an increased risk of a reversal and a test back to the day’s open.
  • The bears are hopeful that the bulls will become exhausted. While this is possible, the bears need to reduce the buying pressure. This means the bears need to create bear bars closing on or near their lows. This would halt the bulls’ momentum and increase the odds of sideways trading.
  • As of bar 9, the bulls have momentum on their side. They will continue to buy, hoping to string together bull bars.
  • Because the moving average is so far away, there is an increased risk of the market having to go sideways so that the moving average can reach the current price.

Friday’s Emini setups

SP500 Emini 5-Min Chart Lower Low Double Bottom Bull Channel

Al created the SP500 Emini charts.

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

SP500 Emini 5-Min Chart Bull Trend from Open and Then Trading Range

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 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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