S&P 500 trade review — how to approach a low risk entry

Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 2 Sep 2020 trading session. In this video, I am going to show you the market recap during the last session and a trade review in the three-minutes timeframe (including entry, exit and the rationale behind). I will elaborate step by step with logic on I approach a low risk entry in the trade review section. 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 in the 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: 3550–3560, 3570–3600 ; Support: 3512-3525, 3480–3490, 3420–3430

Potential setup — Look to long upon tested the last hour bar 3512–3525.

Resources

Weekly Market Outlook & Best Trading Advice straight to your inbox: https://www.tradeprecise.com/

Professional free Charting platform: Create an account→ www.TradingView.com