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mingjong
Oct 28, 2020 8:27 AM

Trade the pullback and reversal at the resistance zone Short

E-mini S&P 500 FuturesCME

Description

Resistance at 3400–3410 is proven as a resistance zone. Find out how to trade the pullback and reversal upon rejection from the resistance zone in the trade review section.

Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 28 Oct 2020 trading session. In this video, you will find out the market recap during the last session and trade reviews in the three-minutes timeframe (including entry, exit and the rationale behind) on how to profit from the rejection from the resistance zone. Going forward, I will cover the bias, the key levels to pay attention to, my trading plan for the session later.

Watch 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: 3400–3410, 3360; Support: 3300–3320

Potential setup - Look for potential reversal at the key levels.

Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
Comments
JohnQNobody
Thanks for the video Tey. I had this drawn up from yesterday showing some of the Wyckoff structure ... tradingview.com/x/YzqpoArC/.
mingjong
@ProBowie, Nice chart! Kudos to you.
rowlingbj
thanks Mingjong. great trade recap.
mingjong
@rowlingbj, you are welcomed :)
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