mingjong
Short

S&P 500 demand was present but no confirmation today

CME_MINI:ES1!   S&P 500 E-mini Futures
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 22 May 2020 trading session. In this video, I am going to show you the market recap on the last session, plus a trade review in M3 (entry, exit and the rationale behind) based on a reversal near the resistance level together with channel overbought, the bias going forward, the key levels to pay attention to, and the potential setup for the US session later.

If you have not watched my daily market analysis video from yesterday, feel free to watch it below so that you can relate to the market recap and trade review I mentioned in today's video.



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

Comments

Possible spring of the prior swing low with a test from 15:00?
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Strykes mingjong
@mingjong, now watching whether it breaks 2930 (61% Fib level) upwards. However, that will probably depend if VIX is able to keep dropping.
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@Strykes, I'm looking for a push toward supply zone 2940 going into US session...
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Strykes mingjong
@mingjong, looks like we got to the 2940 level. Is your bias still bearish for the US session? Thanks!
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@Strykes, Exited my long at the level...Need to see how it interacts with the level 2940-2950.
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