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E-mini Getting Strong Follow-through Selling

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Trading Update: Friday November 7, 2025

S&P E-mini market analysis

E-mini daily chart

  • The E-mini formed a strong bear breakout bar yesterday, closing on its low. This was a strong enough surprise that the odds favored a 2nd leg down and a test of the October 10th close.
  • So far, the daily chart on Friday is forming a strong follow-through bar. This increases the odds that Thursday and Friday’s breakout is strong enough for the bears to likely get a second leg down after any reversal up.
  • Because October 10th is a strong bear breakout bar late in a bull channel, it was likely to convert the daily chart into a trading range.
  • This means that the market is still likely to get a 2nd leg down and fall below the October 10th breakout bar low.

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

  • The Emini formed consecutive bear bars on the open and is creating a large spike and channel down to bar 30.
  • The bears have done a good job with the selloff. However, it is beginning to form consecutive sell climax bars on the way down.
  • This increases the odds of the channel evolving into a trading range soon and the market beginning to go sideways.
  • So far, the daily range (including Globex) is large. This reduces the likelihood of the daily range increasing significantly after bar 30.
  • The bulls need to continue to build the buying pressure, and eventually, they need to start making money with stop orders above bars. This would increase the odds that the selloff is beginning to evolve into a trading range.

Yesterday’s E-mini setups

SP500 E-mini 5-Min Bear Trend Continuation into Lower Trading Range

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 Gap Down Weak Bear Channel Then Major Trend Reversal

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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