S&P 500 momentum fading with decreasing demand

Yesterday during the non-regular trading hours (RTH) S&P 500 futures (ES) had a strong rally up and broke out 3156 swing high level followed by narrow range during the US session. It further tested the axis line as the resistance level at 3180 followed by a reaction during the Asian session today.

Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 07 Jul 2020 trading session. In this video, I am going to show you the market recap on the last session, plus a trade review in the M3 timeframe…