Trading Update: Thursday March 26, 2026
E-mini end of day video review
S&P E-mini market analysis
E-mini daily chart
- Yesterday bear reversal bar formed a second entry short. However, the signal bar for the bears closed around its midpoint, creating a tail below the bar. This increases the odds of buyers below yesterday’s low willing to scale in lower.
- The Bears are trying to test down to the March 20th low. This is an area where the bears got trapped selling the bear breakout.
- The context remains bad for the bears. The support of the November 2025 low is likely to find buyers below it and at some point reverse up, testing the midpoint of the six-month trading range, which is near 6,900.
- Even if the bears manage to reach the March 20th low, the odds will favor buyers at that location. Bears will see it as an opportunity to buy back their shorts on a bad breakout, and bulls will see it as a great location to establish long positions.
- The bears are continuing to create a channel down on the daily chart with all the overlapping bars, the odds are that the bulls will be willing to scale in lower. This increases the odds that the market is going to get a reversal up and test back to the midpoint of the six-month trading range at a minimum which is near the 6,900 round number.
- The Bears are continuing to hold below the November 2025 low. While so far they have done a decent job, the odds are against the bears at this location, and the bulls will likely take control soon.
E-mini 5-minute chart and what to expect today
- Today gapped down in the open, forming an opening reversal in a strong three-bar rally with bars 3, 4, and 5. This is a strong enough upside breakout that the odds favored a bull trend or a trading range day.
- The Bulls are hopeful that they’ll be able to reach the midpoint of yesterday, which was a contracting triangle.
- The bears managed to get a reversal down on bar 15 in a test of the bar to close.
- While the reversal down was good for the Bears, the reality is the Bulls will probably buy near the bar three low. The odds are the Bulls who bought the bull breakout to bar 5 and were willing to scale in lower around the bar 3 low are probably going to make money.
- With the context of the higher time frames, the odds are there are buyers around the bar 30 low willing to scale in lower. This means that the risk is real that the market is trying to create a double bottom and may try to test up to the high of the day and break above the neckline.
- If the bulls can get a strong reversal up and test of today’s high, which is bar 15, that would increase the chances that the market may try to rally for a measured move up. This would project the market up to near 6,660, which is the upper third of yesterday’s range.
- Because of all the overlapping bars that the markets had today, there’s an increased risk of the day forming a trading range similar to yesterday. However, because the higher time frame context is bullish and the market is at support, there’s added risk of the bulls getting the upside breakout.
Yesterday’s E-mini setups
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
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.
