{"id":271693,"date":"2026-06-17T10:43:52","date_gmt":"2026-06-17T17:43:52","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=271693"},"modified":"2026-06-17T10:44:07","modified_gmt":"2026-06-17T17:44:07","slug":"e-mini-sideways-into-fomc","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/e-mini-sideways-into-fomc\/","title":{"rendered":"E-mini Sideways into FOMC"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Trading Update: Wednesday June 17, 2026<\/h3>\n\n\n\n<h2 class=\"wp-block-heading\">S&amp;P E-mini market analysis<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">E-mini daily chart<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The bulls were in a bull channel for the past couple of months, and then the market sold off below the moving average and below the May 19 higher low.<\/li>\n\n\n\n<li>The market recently reversed back up to 7,600 and is trying to reach the previous all-time high.<\/li>\n\n\n\n<li>At this point, the daily chart is forming a trading range.<\/li>\n\n\n\n<li>The bears are hopeful that the market is forming a major trend reversal, but this is unlikely because of the lack of selling pressure.<\/li>\n\n\n\n<li>The reality is the odds are that the market will probably have to go sideways for many more bars before the bears have a chance at getting some kind of major trend reversal.<\/li>\n\n\n\n<li>Today is the FOMC report, which increases the risk of volatility on the daily chart.<\/li>\n\n\n\n<li>The bears want to test down and close any open micro gaps, and the bulls are hopeful that the recent three-bar breakout is strong enough for a second leg up and a rally above the June 2 all-time high.<\/li>\n\n\n\n<li>Traders should expect volatility to increase today after the report.<\/li>\n\n\n\n<li>The daily chart is likely to continue to go sideways for the next several weeks, which will limit both the downside and the upside.<\/li>\n\n\n\n<li>It is possible that the daily chart forms a contracting triangle and the range begins to narrow.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">E-mini 5-minute chart and what to expect today<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The E-mini formed a small gap up on the open and an expanding triangle for the first 12 bars.<\/li>\n\n\n\n<li>The bulls got a strong upside breakout from bar 7 to bar 11, but it formed a parabolic wedge, and the bear breakout on bar 6 was likely to get a second leg down.<\/li>\n\n\n\n<li>The bears got a bear reversal bar on bar 12 and strong follow-through on bar 13, breaking below the moving average, which trapped the bulls in the wrong direction and led to a second leg down that the bears got on bar 16.<\/li>\n\n\n\n<li>Bar 16 was a very climactic bar, which increased the probability of a test back to the bar 12 low.<\/li>\n\n\n\n<li>The bulls tried to reach the bar 12 low, but the market formed a wedge top at bar 35.<\/li>\n\n\n\n<li>With bar 36 forming a bear bar closing on its low, the risk was getting big for the bulls, and it was becoming dangerous for them to buy and scale in lower because of the risk of getting trapped right before the FOMC announcement.<\/li>\n\n\n\n<li>The market is now back at the bottom of the range; at this point the risk is big for the bears, and it is not an ideal location for them to be selling.<\/li>\n\n\n\n<li>Some bulls are buying here, but with only 30 minutes until the FOMC announcement, it is better for traders to wait and see what happens on the announcement and then decide what to do.<\/li>\n\n\n\n<li>In general, most traders should wait until at least 10 minutes before the FOMC announcement, since most FOMC reports go sideways and then get a breakout.<\/li>\n\n\n\n<li>The most important thing on the FOMC is to trade small, because volatility typically increases; a trader must be sure to trade less than their normal position size.<\/li>\n\n\n\n<li>It is also important on the FOMC to be open to anything and not be in denial of what the chart is doing.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Yesterday&#8217;s E-mini setups<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/SP500-E-mini-5-Min-Trending-Trading-Range-Day-Lower-High-MTR-Continued.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/SP500-E-mini-5-Min-Trending-Trading-Range-Day-Lower-High-MTR-Continued-680x383.jpg\" alt=\"SP500 E-mini 5-Min Trending Trading Range Day - Lower High MTR Continued\" class=\"wp-image-271740\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/SP500-E-mini-5-Min-Trending-Trading-Range-Day-Lower-High-MTR-Continued-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/SP500-E-mini-5-Min-Trending-Trading-Range-Day-Lower-High-MTR-Continued-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/SP500-E-mini-5-Min-Trending-Trading-Range-Day-Lower-High-MTR-Continued-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/SP500-E-mini-5-Min-Trending-Trading-Range-Day-Lower-High-MTR-Continued.jpg 1280w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<p><em>Jed created the SP500 E-mini chart.<\/em><\/p>\n\n\n\n<p class=\"caption\">Here are reasonable stop entry setups from yesterday. Chart shows each buy entry bar with a green arrow and each sell entry bar with a red arrow. Buyers of the Brooks Trading Course have access to a near 4-year library of detailed explanations of swing trade setups (see Online Course\/BTC Daily Setups) linked to the Brooks Encyclopedia of Chart Patterns product.<\/p>\n\n\n\n<p class=\"caption\">The 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.<\/p>\n\n\n\n<p class=\"caption\">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.<\/p>\n\n\n\n<p class=\"caption\">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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Summary of today&#8217;s S&amp;P E-mini price action<\/h2>\n\n\n\n\n\n<p><em>Jed created the SP500 E-mini chart.<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">E-mini end of day video review<\/h3>\n\n\n\n<p>Periodic end of day review videos will be moved to top of page when done.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p><em>See the <a rel=\"noreferrer noopener\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/analysis\/\" target=\"_blank\">weekly update<\/a> for a discussion of the price action on the weekly chart and for what to expect going into next week.<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n\n\n\n<h2 class=\"wp-block-heading\">Trading Room<\/h2>\n\n\n\n<p>Al Brooks and other presenters talk about the detailed E-mini price action real-time each day in the Brooks Trading Course <a href=\"https:\/\/www.brookstradingcourse.com\/online-day-trading-room\/\" target=\"_blank\" rel=\"noreferrer noopener\">trading room<\/a>. We offer a 2 day free trial.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n\n\n\n<h3 class=\"wp-block-heading\">Charts use Pacific Time<\/h3>\n\n\n\n<p>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 <a href=\"https:\/\/www.brookstradingcourse.com\/blog\/market-update\/\" target=\"_blank\" rel=\"noreferrer noopener\">Market Update<\/a> page.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trading Update: Wednesday June 17, 2026 S&amp;P E-mini market analysis E-mini daily chart E-mini 5-minute chart and what to expect today Yesterday&#8217;s E-mini setups Jed created the SP500 E-mini chart. Here are reasonable stop entry setups from yesterday. Chart shows each buy entry bar with a green arrow and each sell entry bar with a [&hellip;]<\/p>\n","protected":false},"author":5460,"featured_media":271740,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"shadow","_genesis_layout":"","footnotes":""},"categories":[153,136],"tags":[60],"class_list":{"0":"post-271693","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-update","8":"category-analysis","9":"tag-sp-emini","10":"entry","11":"override","12":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/SP500-E-mini-5-Min-Trending-Trading-Range-Day-Lower-High-MTR-Continued.jpg","author_info":{"display_name":"Brad","author_link":"https:\/\/www.brookstradingcourse.com\/pt-br\/author\/brad-wolff\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/271693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/users\/5460"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/comments?post=271693"}],"version-history":[{"count":4,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/271693\/revisions"}],"predecessor-version":[{"id":271779,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/271693\/revisions\/271779"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/271740"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=271693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=271693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=271693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}