Curso de Trading do Brooks

Aprenda a operar price action consistentemente

 

More results...

E-mini Bears Need More Selling Pressure

By

Trading Update: Tuesday January 13, 2026

E-mini end of day video review

Brad Wolff Emini EOD Review

S&P E-mini market analysis

E-mini daily chart

  • The daily chart of the E-mini yesterday formed a bull bar, closing on its high, above the October 29th prior all-time high. This is a location that is likely to act as resistance. The channel up is fairly tight from the January 2nd higher low. This increases the odds that the market will go sideways and develop more selling pressure before the bears can get a reversal down.
  • The bears have yet to get a clear reversal bar, closing on its low, after the failed breakout above the prior all-time high.
  • The breakout above the October all-time high is still underway and has not yet failed. Most traders are better off waiting for a clear sell signal bar closing on its low if they are going to bet on a failed breakout of the previous all-time high.
  • At the moment, the market is still always in long and likely to go a little bit higher.
  • The bears need to create more selling pressure. At a minimum, the bears need to start making the market go sideways and create bear bars closing on their lows.
  • Without more selling pressure by the bears and a clear reversal bar closing on its low, the odds are the market’s going to continue to go sideways to up. Ultimately, there will probably be sellers above the 7,000 round number, willing to scale in higher. This will likely limit the upside for the bulls and increase the odds that it will pull back over the next several months.

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

  • The 8:30 AM ET CPI report formed a large, Bull breakout bar on the 15-minute Globex chart. This was a buy climax late in a trend at resistance above the 7,000 big round number.
  • This increased the odds that the 8:30 am ET breakout was likely to fail, and the market would test back down to 7,000, which it did during the U.S. Session.
  • The market gapped up on the open and formed a buy reversal bar with bars 2 and 3, and sold off down to the 12 low.
  • While the sell-off was good for the bears, it had a lot of overlapping bars and looked like a bear leg in what was going to become a trading range.
  • Because of the higher time frame context and yesterday forming a large bull bar closing on its high, they were likely to be buyers in the bottom third of yesterday’s range. This is another reason why the market found buyers around the 12 low.
  • The bulls formed a decent trend line break up to the bar 22 high. This was disappointing enough for the bears that they were likely to buy back their shorts on a test back down to the 11 close, which is what happened during bar 24.
  • Traders bought as bar 24 sold off, and the market quickly reversed up during bar 24.
  • While the rally up to bar 29 is good for the bulls, the reality is that the market is likely in a trading range. Just like the bears were disappointed after the sell-off to bar 12, the bulls will likely be disappointed after the rally up to bar 29. This increases the risk of the market getting a pullback and testing breakout points, such as the bar 22 high.

Yesterday’s E-mini setups

SP500 E-mini Bull Spike from Open Bull Channel and New All-time High

Richard created the SP500 E-mini chart.

Here are reasonable stop entry setups from yesterday. Chart shows each buy entry bar with a green arrow and each sell entry bar with a red arrow. Buyers of the Brooks Trading Course have access to a near 4-year library of detailed explanations of swing trade setups (see Online Course/BTC Daily Setups) linked to the Brooks Encyclopedia of Chart Patterns product.

The 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 E-mini Double Top with All-time High Then Sell Climax in Bear Channel

Richard created the SP500 E-mini chart.

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 Trading Course 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.

>