Curso de Trading do Brooks

Aprenda a operar price action consistentemente

 

More results...

E-Mini Likely to Test Back to October High

By

Trading Update: Tuesday October 28, 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 E-mini has rallied around 100 points above the October 10th high. While this is good for the bulls, is it climactic behavior late in a bull trend? This increases the risk that the daily chart will pull back and test the October 10th breakout point high.
  • The bulls are trying to get the monthly chart to close on its high. With only a few trading days in the month, the odds favor a strong close.
  • October will be the 6th consecutive bull bar on the monthly chart. Six consecutive bars is low-probability behavior. This increases the odds that November will close below its open, ending the bull streak on the monthly chart.
  • While the bulls are doing a good job with the buying pressure, this is momentum buying and not value buying. This means that if the momentum begins to stall, the market will likely see profit-taking and test sideways to down.
  • Overall, because the daily chart is becoming climactic and far from the moving average, there is increased risk of a pullback over the next several weeks.

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

  • Today gapped up and sold off for the first five bars on the open. This increased the odds that today would not close above the day’s open.
  • Because of the higher time frame context being overbought, today has an increased risk of forming a trading range day or a bear trend and not a bull trend.
  • So far, the first 30 bars have had a lot of trading range price action. This means today is likely to continue with lots of trading-range price action for the remainder of the day.
  • Because the odds favor a trading range day, traders should expect breakouts to have disappointing pullbacks and tests of breakout points.
  • Traders should avoid trading third legs due to a higher probability of failure, especially in a trading range.
  • Traders should also avoid buying in the upper 1/3rd and selling in the lower 1/3rd of the trading range.
  • Breakouts in trading ranges typically allow traders to be patient and enter the breakout after a pullback to catch the second leg. This means that it is generally better to wait for a pullback and not be too quick to buy when you see a strong breakout, especially when the market is near the middle of the range.

Yesterday’s E-mini setups

SP500 E-mini 5-Min Big Gap Up Contracting Triangle Then Bull Trend Resumption

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 Sell Climax Midday Bull Trend Resumption Reversal into Close

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

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.

>