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Emini Bull Flag on Daily Chart

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Trading Update: Tuesday June 3, 2025

Emini end of day video review

Emini EOD Review Joseph Imbornone

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S&P Emini market analysis

Emini daily chart

  • The Emini yesterday formed a strong bull bar, closing on its high just under the 6,000-round number. This increases the odds of the recent trading range above the moving average acting as a bull flag.
  • Since yesterday was a reasonable stop entry buy, that increases the chances that today will go above yesterday’s high and trigger the buy on the daily chart.
  • The odds favor the trading range lasting several bars above the moving average, leading to a trend resumption and a break above 6,000.
  • The Bears are hopeful that if we do break above 6,000 and the May high, there will be sellers above.
  • Traders will pay close attention to see what kind of follow-through buying the bulls can get after yesterday’s bull reversal bar.
  • The Bulls are hopeful that today will trap bears selling above yesterday’s high or Friday’s high, leading to a second leg up.
  • The Bears are hopeful that today will form a disappointment bar and not be a bull bar closing on its high.
  • Even if today is a disappointment for the bulls, there will probably be buyers below it, and the bulls will get at least a small second leg up.
  • The reality is the Bears are going to have a hard time getting a successful reversal and break below the May low without first reaching the 6,000-round number.

Emini 5-minute chart and what to expect today

  • Today, a small gap formed down and rallied up to bar 12, triggering the buy on the daily chart.
  • So far, every bar has closed above the moving average, which is a sign of strength by the bulls.
  • The Bears will see Bar 13 as a possible wedge top and a Bear reversal bar, following Bar 12 by climax. However, the channel is tight, which lowers the probability of the bear selling.
  • At the moment, the rally from the open of Bar 1 looks like a bull leg, and what will become a trading range.
  • The problem that the Bears have is that the channel up from yesterday is tight, and that increases the odds of higher prices.
  • The Bulls are hopeful that today is forming a small pullback bull trend day. It doesn’t appear to be the case at the moment. However, if we start to create gaps, that will increase the odds of higher prices.
  • The Bears need to get close to the moving average. They need to start to get a series of bear bars in a row. Otherwise, the risk of a small pullback trend will continue.

Yesterday’s Emini setups

SP500 Emini 5-Min Chart Bull Trap Then Reversal Up from Sell Climax

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 Double Bottom Small PB Bull Trend From Open

Al created the SP500 Emini charts.

EURUSD Forex market analysis

EURUSD Forex daily chart

  • The EURUSD formed a bull breakout bar yesterday, closing on a tie. And so far today, the bears have managed to reverse the breakout.
  • The Bulls are hopeful that today is just a pullback and the market will get a second leg after yesterday’s rally.
  • The bulls still have the target of the April high, and the odds are they will probably get there.
  • Bears don’t mind if the market rallies as long as it forms a lower high and gets a sell-off down to the May low and breaks below the neckline. This will create a major trend reversal.
  • The bulls have formed a 3-bar bull micro-channel, and that lowers the probability of sellers below today’s bar, assuming it closes on its low.
  • Overall, the daily chart is probably going to continue to go sideways and test up to the April high

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 Brooks Price Action trading room. 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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