Curso de Trading do Brooks

Aprenda a operar price action consistentemente

 

More results...

E-mini Tight Bull Channel to July High

By

Trading Update: Monday August 11, 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 has formed a tight bull channel since the August 1st low. The bulls are hopeful that the rally up from the August 1 low is strong enough that it will break above the July high.
  • More likely, there will be sellers near the July high, and the daily chart will go sideways.
  • While the rally up is tight from the August low, it has overlapping bars, which increases the odds that a trading range is more likely than the start of a strong bull breakout above the July high.
  • The Bears are hopeful that the rally will form a double top with the July high and break below the August low neckline, leading to a measured move down.
  • The odds are against the Bears getting a strong break below the August low without first forming a more credible major trend reversal. This means the daily chart will likely go sideways for more bars before the bears will likely get that chance.
  • Without more sideways selling pressure, the odds favor the daily chart forming a tight trading range and finding buyers below the August low. This means that the daily chart is still slightly more bullish than bearish.

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

  • The day session formed a small gap down and has gone sideways in an expanding triangle for the first 21 bars today. This is a trading range open that increases the odds of sideways trading for most of the day.
  • They attempted to form a parabolic wedge bottom with bar 21, and the Bulls got a strong reversal up. Bar 21 is a strong enough breakout that the odds favor at least a small second leg up, even if there’s bad follow-through on bar 22.
  • The Bears are hopeful that Bar 11 is the high of the day, and that the market will form a bear channel and break below Friday’s bar 77 low.
  • More likely, 21 is going to get at least a small second leg up, and the Bears will need a credible reversal after any second leg up.
  • With all of the trading range price action that the 5-minute chart has had today, traders should assume that the rest of the day is going to have a lot of trading range price action.

Friday’s E-mini setups

SP500 Emini 5-Min Bull Trend from Open in Trending Trading Range Day

Richard created the SP500 E-mini 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 E-mini.

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

SP500 Emini 5-Min TR Open Bull BO Then Reversal into Bear Channel

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

EURUSD Forex market analysis

EURUSD Forex daily chart

  • The EURUSD formed two large legs up following the sell-off down to the July 30th low.
  • The bears will see the August 8th reversal bar as a second leg up in an implied second entry sell after the July 30th bear breakout.
  • Even though the rally up to August 8th was strong, the reality is that the July 30th bear breakout is a surprise, and therefore the odds favor a retest of the lows.
  • It’s reasonable for Bulls to exit below the August 8th low and wait and see what the Bears can get. The Bears are hopeful that today will form a strong entry bar closing on its low, increasing the odds of a second leg down in a test of the July 30th low.

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.

>