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Emini Sideways to Down Likely

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Trading Update: Wednesday April 16, 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 bear inside bar yesterday at the moving average and the close of last Wednesday’s strong bull breakout bar. This area of resistance increases the risk of a couple of legs going sideways or down.
  • The bears are hopeful that today will create a strong entry bar closing on its low, increasing the odds of lower prices and a 2nd leg down.
  • The bulls want the opposite. They want to prevent the bears from getting a strong entry bar, which would increase the odds of buyers below.
  • Because of yesterday’s bear reversal bar, there is an increased risk of sideways trading lasting a few days.

Emini 5-minute chart and what to expect today

  • The Emini gapped down on the open and sold off down to bar 6. The selloff is strong enough to increase the risk of today being either a bear trend or a trading range day, not a bull trend day.
  • Bars 1-2 increase the risk of a test back to the day’s open. The bulls are trying to get a reversal up with bar 11 and a test back to the open.
  • While the bears have done a good job with the selloff down to bar 6, the risk for the bears is that the selloff is exhaustion, and the market may get a reversal up. The bears allow too much buying pressure, increasing the odds of a trading range and not a bull trend.
  • The bulls have a decent reversal up with bar 11. Traders will pay close attention to see what the follow-through above 12 will look like. The bears want 13 to form a 2nd entry sell and lead to a new low.
  • Overall, the bears have allowed too much buying pressure, increasing the odds of a trading range lasting several bars. The bears will try their best to keep the market below the moving average and lead to a bear trend day.

Yesterday’s Emini setups

SP500 Emini 5-Min Chart Triangle Open and Bear 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 Sell Climax Then Bull trap and HH Double Top

Al created the SP500 Emini charts.

EURUSD Forex market analysis

EURUSD Forex daily chart

  • The EURUSD formed a bear bar following Monday’s inside bar.
  • The risk is getting big for the bulls, increasing the odds of a pullback over the next several days.
  • The bears need to collect bear bars, or at a minimum, make the market go sideways, if they will get a reversal down to the April 3rd breakout point high.
  • Overall, today triggered the high 1 buy signal bar above yesterday’s high. Because it is a bear bar late in a climactic rally, there is an increased risk of sellers above and a pullback lasting at least a few bars.
  • The bulls are hopeful that today will form a bull bar closing on its high and that tomorrow will form another strong bull bar. That would increase the odds of 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 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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