S&P 500 range with trade review on up thrust after distribution
Since there was no follow through to the downside on Monday, yesterday S&P 500 continued to edge up until it hit the prior swing high at 3145, which triggered a reaction down. so far S&P 500 futures is still within the H1 trading range between 3060–3160.
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 24 Jun 2020 trading session. In this video, I am going to show you the market recap on the last session, plus one trade review in the M3 timeframe (including entry, exit and the rationale behind) happened an hour before the US opening. Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later and the current market condition.
I encourage you to watch 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 - bullish (Day trading); bullish(long term)
Key levels - Resistance: 3160, 3180, ; Support: 3060, 2980–3000
Potential setup - Look for a test of the M3 range resistance-turned-support near 3110 and long upon rebound.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 24 Jun 2020 trading session. In this video, I am going to show you the market recap on the last session, plus one trade review in the M3 timeframe (including entry, exit and the rationale behind) happened an hour before the US opening. Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later and the current market condition.
I encourage you to watch 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 - bullish (Day trading); bullish(long term)
Key levels - Resistance: 3160, 3180, ; Support: 3060, 2980–3000
Potential setup - Look for a test of the M3 range resistance-turned-support near 3110 and long upon rebound.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
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