Trading Update: Wednesday December 3, 2025
E-mini end of day video review
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S&P E-mini market analysis
E-mini daily chart
- The daily chart is forming a tight trading range over the past four trading days following the strong reversal up from the November 21st low.
- The bulls see the reversal as being strong enough for a 2nd leg up. They are hopeful that the rally is strong enough to reach the 7,000 major round number.
- At the moment, the buying pressure is strong enough that the odds favor a test of the round number.
- Because the daily chart is in an overall trading range over the past two months, the odds favor more sideways trading.
- Even if the market rallies to the 7,000 big round number, there will probably be profit-taking in the general location, and the market will likely find sellers.
- The daily chart may have to pull back first and test the midpoint of the rally from the November 21st low, up to the November 28th high. Even if the market tests the midpoint of the bull breakout, it will likely find buyers and get a 2nd leg up to the 7,000 round number.
E-mini 5-minute chart and what to expect today
- The market formed a small gap down on the open and formed an opening reversal and has rallied in a broad bull channel for most of the day.
- While the rally is strong for the bulls, it is testing the top of a four-day trading range. This increases the odds that today’s rally will likely begin to form a trading range near the bar 25 high.
- Bears are making money selling below bars. This further increases the odds that the broad bull channel will evolve into a trading range.
- Today’s rally from the bar 5 low is a bull breakout on a higher time frame. This reduces the probability that the market will reverse to the open of the day.
- Then the midpoint of the four-day trading range is around 6,842. This is a reasonable location for the market to try and test later today.
- The bulls are hopeful that today will get a successful upside breakout of the four-day tight trading range. The market will likely stall around the high of the four-day range, which is around 6,864.
Yesterday’s E-mini setups
Richard created the SP500 E-mini chart.
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
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.
