Curso de Trading do Brooks

Aprenda a operar price action consistentemente

 

More results...

Emini Reversal Up Following Monday’s Gap Down

By

Trading Update: Tuesday February 4, 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 reversal up yesterday following Monday’s gap down. The bulls are hopeful that today will become a strong follow-through bar closing on its high.
  • This would increase the odds of a 2nd leg up and test of last Friday’s high.
  • The reversal up yesterday is strong enough for a 2nd leg up.
  • The market is in the middle of a three-month long trading range on the daily chart. This increases the odds of disappointment for both the bulls and the bears.

Emini 5-minute chart and what to expect today

  • The formed a trend from the open with bar 1.
  • The bulls are hopeful that the rally to bar 12 is strong enough to lead to a continued rally and a measured move up based on yesterday’s bar 11 and 12 breakout, which projects up to nearly 6,067.
  • The rally up to bar 10 today is strong enough that the first reversal down will likely be minor, and the best the bears can expect is sideways.
  • Bar 15 is a sign of increased selling pressure. While this is good for the bears, the best the bears will likely get is a minor reversal. If the bears get a high of the day, they will need to create more selling pressure.

Yesterday’s Emini setups

SP500 Emini 5-Minute Chart Wedge Bottom Then Major Bull Breakout

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 Bull Trend from Open and Then Trading Range

Al created the SP500 Emini charts.

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.

>