Trading Update: Monday April 14, 2025
Emini end of day video review
S&P Emini market analysis
Emini daily chart
- The Emini formed a bull inside bar last Friday following Wednesday’s strong bull reversal bar. Last Friday’s high 1 buy signal bar is strong enough that the odds favored a test of last Wednesday’s close.
- The bears are hopeful that bulls will sell out of longs at last Wednesday’s close, leading to bad follow-through above last Friday’s high.
- The bears have not yet done enough to undo the strong buying pressure from last Wednesday, and they need to do more if they are to halt the bulls.
- Because last Friday is a high 1 buy signal bar, there is an increased risk of a pullback and sellers above its high. This means today, there will probably not be a strong bull trend bar closing near its high.
Emini 5-minute chart and what to expect today
- The Emini gapped up and sold off on the first 2 bars of the session.
- This increased the odds of a trading range open.
- As of bar 12, the market is forming a triangle, just above the moving average. Because of the gap up, the Emini may have to go above the bar 1 high, creating a 2nd leg following the gap up.
- The high of the day is near last Wednesday’s close, which is a likely area of resistance.
- The market may have to test up to 5,520, which is the high of last Wednesday’s strong bull breakout bar.
- At the moment, the odds slightly favor the bull breakout of the 12-bar triangle. However, if the odds are close to 50% for both bulls and bears.
Friday’s Emini setups
Richard created the SP500 Emini chart – Al travelling.
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 chart – Al travelling.
Follow Joseph’s YouTube channel for more Al Brooks price action analysis.
EURUSD Forex market analysis
EURUSD Forex daily chart
- The EURUSD formed a strong bull breakout last Thursday and Friday.
- The risk is big for the bulls, and the breakout is forming in a trend that began in February. This increases the odds of a pullback soon as bulls start to take partial profits.
- The bears need to form more selling pressure, or they will get a credible reversal down. Without more selling pressure, the odds will favor a minor reversal and the formation of a trading range.
- Last Friday, a tail was formed above the bar. This increases the odds that today, it will also fail to close on its high, leading to a disappointing bar for the Bulls.
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.
