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Emini Bull Breakout of Triangle

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Trading Update: Friday February 14, 2025

Emini end of day video review

Emini EOD Review Joseph Imbornone

Follow Joseph’s YouTube channel for more Al Brooks price action analysis.

S&P Emini market analysis

Emini daily chart

  • The Emini formed a bull breakout bar, closing on its high yesterday. This is an attempt by the bulls to get a successful breakout of the two-week triangle.
  • The bulls are hopeful that today will create a follow-through bar after yesterday’s upside breakout.
  • Next, the bulls will try to achieve a measured move up from the past two weeks, which would project to around the 6,300 price level.
  • At a minimum, the Bulls will want a 2nd leg up after yesterday’s breakout bar.
  • The bears want the opposite. They are hopeful that a strong bear reversal bar will be formed today, closing on its low. This would trap the bulls and potentially force them out of their longs, leading to a 2nd leg down.
  • Next, the bears would want a breakout below the February low and a measured move down the two-week triangle, projecting down to the 5,750 price level.

Emini 5-minute chart and what to expect today

  • The overnight Globex market (15-minute chart) sold off at 6:45 AM EST but has rallied since.
  • The bulls hope the market will rally above the 2:30 AM EST high during the U.S. Session.
  • Traders should expect the open to have a lot of trading range price action. This means that most traders will be better off waiting for 6-12 bars before placing a trade unless they are quick to make decisions.
  • There is an 80% chance of a trading range open and only a 20% chance of a trend from the open up or down.
  • Most traders should try to catch the opening swing that will often begin before the end of the second hour after the formation of a double top/bottom or a wedge top/bottom.

Yesterday’s Emini setups

SP500 Emini 5-Min Chart Bear Trap Then Bull Trend From Open

Al created the SP500 Emini charts.

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 Emini.

Summary of today’s S&P Emini price action

SP500 Emini 5 Min Chart Trading Range Open and Trading Range Day

Al created the SP500 Emini charts.

EURUSD Forex market analysis

EURUSD Forex daily chart

  • The EURUSD formed a strong bull bar, closing on its high and above the February 5th high. The bulls will see yesterday as strong enough to lead to a test of the January 27th high.
  • Next, the bulls will want a test of the December high.
  • The bulls have created a follow-through bar with today’s bar. They are hopeful that it will close on its high today, increasing the odds of higher prices. The bulls also have a micro gap with the February 12th high and today’s low. This is a sign of strength and increases the odds of higher prices.
  • If the bears will get a reversal down, they must first halt the buying pressure. Next, they must start creating bear bars, closing on their lows. Without this, the odds will favor higher prices.

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 Emini price action real-time each day in the BrooksPriceAction.com trading room days. We offer a 2 day free trial.

Charts use Pacific Time

When times are mentioned, it is USA Pacific Time. The Emini 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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