S&P 500 spring type trade setup with effort vs results analysis

S&P 500 futures (ES) failed to overcome the resistance at 3230 and the presence of supply on yesterday took the price down to 3213 in the last hour. 

Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 29 Jul 2020 trading session. In this video, I am going to show you the market recap on the last session, plus a trade review in the M3 timeframe (including entry, exit and the rationale behind). The trade setup was based on spring type reversal setup with effort vs. results analysis and another potential trade was based on breakdown rising wedge pattern (e.g. shortening of the upward thrust). Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later.

Check out my daily market analysis video yesterday 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: 3230, 3260, 3310–3340; Support: 3190, 3170–3180, 3105

Potential setup - Look for potential reversal setup near the key support and resistance levels.


Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.