S&P 500 review - Turning losses to profit by detecting changes
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 24 Aug 2020 trading session. In this video, I am going to show you the market recap during the last session and two trade reviews in the three-minutes timeframe (including entry, exit and the rationale behind). I will focus on how I detect the changes in the price action and turn the losses into profit in two trades. Going forward, I will cover the bias, the key levels to pay attention to, my trading plan for the session later.
Check out my daily market analysis video on last session 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: 3430, 3500 ; Support: 3385–3400, 3377, 3350, 3320–3330, 3300, 3273, 3230
Potential setup - Look for potential reversal at the key levels to either long or short.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
Check out my daily market analysis video on last session 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: 3430, 3500 ; Support: 3385–3400, 3377, 3350, 3320–3330, 3300, 3273, 3230
Potential setup - Look for potential reversal at the key levels to either long or short.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
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