S&P 500 trading range with a bias to go down

22 Apr 2020 recap — S&P 500 futures (ES) tested support level at 2800 and gave back the gain during the London session while digesting the volatile oil trading session and waiting for US jobless claims report later.

The rally from yesterday has shown rejection twice from level 2800. It is worth to note that the rally also tested the up channel, which becomes a resistance trendline.

Check out the video (8-min) below for a complete walk through of the daily market analysis of S&P 500 futures for 23 Apr 2020 trading session.

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Ming Jong Tey

I am a Wyckoff trader who practice kaizen in trading. Get Weekly Market Outlook & Best Trading Advice straight to your inbox: https://www.tradeprecise.com/