S&P 500 trade review — spot the changes to enter high probability trade

Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 19 Aug 2020 trading session. In this video, I am going to show you the market recap on the last session and a trade review in the three-minutes timeframe (including entry, exit and the rationale behind). The trade was based on a high probability setup by detecting the changes in the trend with confirmation. 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: 3385–3400; Support: 3373–3380, 3360–3365, 3320–3330, 3300, 3273, 3230

Potential setup — Look for potential reversal at the key levels.