Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 12 May 2020 trading session. In this video, I am going to show you the market recap on last session including trade review in M3 (entry, exit and the rationale behind), the bias going forward, the key levels to pay attention to, and the potential setup for the...
Dow Jones is set to test the swing high near 24750. Key level at 24200–24250 should be defended in order for Dow to test higher targets. A bounce up from this support level could see Dow to test 24550 followed by 24750. Below are the potential long setup for Dow Jones index (DJI) for trading session on 11 May 2020 when there is a bounce up around support area...
Gold prices has been consolidating in an apex formation since a month ago. Usually, an apex is formed prior to a big movement. It could be a back up action from the structure formed during Feb-Apr 2020. So a bullish continuation for Gold is likely once it breaks out from the apex formation. On the short timeframe in H1, Gold has tested the supply line of the apex...
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 11 May 2020 trading session. In this video, I am going to show you the market recap on last session including trade review in M3 (entry, exit and the rationale behind), the bias going forward, the key levels to pay attention to, and the potential setup for the...
7 May 2020 recap —S&P 500 attempted to break the resistance area between 2880–2900 twice and had a reaction back to the localized support level at 2870, which is inline to my trading plan as show in my video yesterday. Watch my market analysis video from yesterday if you haven’t, so that you can relate to the trade review presented in today’s video. Trade review...
Gold prices inched up 0.2% during the London session while investors are waiting for Nonfarm Payrolls data later. On the daily chart, Gold (XAUUSD) had a strong up day yesterday, which could be a signal to challenge the higher levels. On H1 timeframe, I am looking for a pullback to the demand zone formed yesterday as a test, as highlighted in yellow circle. A...
On the daily chart, Gold (XAUUSD) has tested the support level near 1680 to prepare for up swing to higher levels at 1750 or higher. On H1 timeframe, a test and bounce from the demand zone formed by the big spread demand bar as highlighted can form a long entry for a swing trade to the upside. Below are the key parameters for Gold potential long setup for...
Yesterday session had seen a last hour sell off but it still managed to stay above 23500 support level. So far, it is still within a trading range between 23600–24150. A bounce back from 23750 support level could see a continuation of up momentum to test 24150 resistance level. Likewise, a rejection from 24150 could form a short entry, based on identifying support...
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 7 May 2020 trading session. In this video, I am going to show you the market recap on yesterday's session on Tuesday including trade review in M3, the bias going forward, the key levels to pay attention to, and the potential setup for the US session later. 6...
Dow Jones had a last hour sell off near the level 24150, which is also the resistance zone. I anticipate Dow to bounce between trading range of 23750–24150 for intraday trading. A test and rejection from the resistance zone near 24150 could be an entry for short position while a rebound from the support level near 23750 (the gap support area) could form a long...
On the daily chart, Gold (XAUUSD) prices look to retest the support level around 1680 for a final confirmation before rallying up to challenge the swing high at 1750. The catalyst for a spike in Gold could be the US-China trade war, on top of the Coronavirus pandemic. On H1 timeframe, a test of the resistance zone formed by the day high from previous day and the...
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures ( CME_MINI:ES1! ) for 6 May 2020 trading session. In this video, I am going to show you the market recap on yesterday's session on Tuesday including a potential trade setup in M3, the bias going forward, the key levels to pay attention to, and the potential setup for...
Since there was no follow through to the downside, Dow Jones could carry on its momentum to test resistance levels at 24000 and 24400. Short term traders can consider to long on a pull back on the support levels by identifying support and resistance levels for short term swing trading. A pullback and reversal around the support areas at 23650–23750 could provide...
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures ( CME_MINI:ES1! ) for 5 May 2020 trading session. In this video, I am going to show you the market recap on yesterday's session on Monday including trade management review of an intraday trade, the bias going forward, the key levels to pay attention to, and the...
The false breakout in Dow Jones since 29 Apr likely to attract more supply to tank the index to test the support level around 23000. Short term traders can ride on the bearish trend to trade based on identifying support and resistance levels for short term swing trading. The Dow futures dropped more than 1% during the London session now. It is expected Dow index...
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures ( CME_MINI:ES1! ) for 4 May 2020 trading session. In this video, I am going to show you the market recap on last Friday session, the bias for swing and intraday trading, the key levels to pay attention to, and the potential setup for the US session later. 1 May 2020...
In this video, I am going to how you how to identify supply and demand zone as support and resistance levels for swing trading, as a continuation of my previous video - identifying support and resistance for swing trading video. Feel free to watch below if you haven't done so: There is one key factor that I pay attention to, which is the price spread. I would...
Support and resistance are essential levels for all traders in swing trading. Before one can start placing orders on the buy/sell side, these key levels will form the battlefield for buying or selling. In the video above, I will show you how to identify the support and resistance levels for swing trading so that you can buy near the support and sell near the...