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E-mini Breaking Above October 10th Major Bear Breakout

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Trading Update: Friday October 24, 2025

S&P E-mini market analysis

E-mini daily chart

  • The Emini formed a bull bar on the daily chart and gapped up on today’s open. So far, today’s open is breaking out above the all-time high and the October 10th downside breakout.
  • Because the daily chart is likely evolving into a trading range, the odds still favor sellers at a new all-time high.
  • This means that bulls who are buying above the 6,800 round number and the October 10th  downside breakout will likely be disappointed.
  • Bears who sold the breakout during October 10th will likely be willing to sell more at a new all-time high.
  • The bears are hopeful that the market is forming a wedge top, with the October 15th, 21st, and today’s bull breakout.
  • If the bears are lucky, today will form a weak close above the new all-time high, and the market will reverse down on Monday.
  • Because the market is likely evolving into a trading range, the odds are against the bulls getting a strong upside breakout above the previous all-time high and the October 10th bear breakout.
  • This might be a situation where the bulls get trapped, hoping that they’re getting a successful breakout above the previous highs. This could also trap the weak bearers who put a stop above the October 10th high, betting on a lower high.

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

  • Today gapped up on the open and has gone sideways for most of the bars. This is a sign of trading range price action on the open.
  • Generally, a gap up on the open increases the risk of a bull trend day. However, given the longer time frame, the odds favor a trading-range day, with the bulls disappointed after bar one.
  • Even if today closes as a trading range day, it is still a bull breakout on the daily chart because of the gap up. However, given the context on the daily chart, there are likely sellers above a new all-time high. This increases the risk of sideways trading and profit-taking.
  • Because of the reasons mentioned above, today is probably going to have a lot of sideways trading. If selling pressure increases, the market may test back down to the low of the day.
  • The bears will try their best to create a tail above today’s bull breakout bar on the daily chart. This would increase the odds that today’s breakout on the daily chart will fail.

Yesterday’s E-mini setups

SP500 E-mini 5-Min Always in Long Bull Trend Continued up to Resistance

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

Here are reasonable stop entry setups from yesterday. 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 E-mini 5-Min Breakout to New All-time High Then Trading Range Day

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

E-mini end of day video review

Periodic end of day review videos will be moved to top of page when done.

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.

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