S&P 500 trade reviews —how to become profitable with 1 win and 2 losses

Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 26 Aug 2020 trading session. In this video, I am going to show you the market recap during the last session and three trade reviews in the three-minutes timeframe (including entry, exit and the rationale behind). In the trade reviews, I will focus on how I had 2 losses and only 1 win yet still end up profitable. 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: 3450, 3480–3500 ; Support: 3420–3430, 3385–3400, 3377, 3350, 3320–3330, 3300, 3273, 3230

Potential setup — Look for potential long entry upon rebound from 3420–3430.