S&P 500 futures potential supply absorption — daily market analysis

S&P 500 futures gained 0.8% during the London session as the oil prices recovered some ground as US crude inventories rose by less than expected, after the data was released from American Petroleum Institute.

Check out the video below for a complete walk through of the daily market analysis of S&P 500 futures for 29 Apr 2020 trading session. Close to the end of the video, I answered a question from reader regarding how to initiate short entry after an up thrust by revealing yesterday’s intraday trade.