S&P 500 trade review — managing position from European/London session to US session
Last Friday S&P 500 futures (ES) tested the swing low near 3105 during the London session. Subsequently it had a strong run up broke out the swing high resistance at 3170.
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 13 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 (including entry, exit and the rationale behind) that held from London session to US session. Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later.
I encourage you to watch my daily market analysis video yesterday if you haven’t in order to better relate to the market recap and the trade review.
Bias — bullish (Day trading); bullish (long term)
Key levels — Resistance: 3230, 3310; Support: 3170-3180, 3105, 3060–3080
Potential setup — Look for a test near 3170–3180 and long on reversal.
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Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.