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mingjong
Sep 1, 2020 9:10 AM

When the S&P 500 market does this -  up trend pauses 

E-mini S&P 500 FuturesCME

Description

Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 1 Sep 2020 trading session. In this video, I am going to show you the market recap during the last session and a trade review in the three-minutes timeframe (including entry, exit and the rationale behind). Yesterday the market repeats a pattern and most of the time when the market does this, the up trend pauses. Also check out what I learned from this losing trade. Going forward, I will cover the bias, the key levels to pay attention to, my trading plan for the session later.

Check out my daily market analysis video in the last session below if you haven't in order to better relate to the market recap and the trade review.



Bias - neutral (Day trading); bullish (long term)

Key levels - Resistance: 3520–3525, 3550–3560 ; Support: 3480–3490, 3420–3430

Potential setup - Look to short near 3520 upon rejection or to long on rebound around 3490.

Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
Comments
illuminating_trade
I believe your trading!
I have bullish view since april.
mingjong
@danta_master, Nice...position or swing from April is in deep profit👍👍
JohnQNobody
Your analysis of the trading loss is spot on. I took the exact same trade with same results. I think the biggest problem for me was I failed to give yesterday's high enough respect and the failure to follow through was a good sign to get out early.
mingjong
@ProBowie, lol 🤣... Never mind. Lessons learned.
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