S&P 500's up wave to test the prior swing high

S&P 500 futures tested the last hour bar during the London session yesterday and subsequently successfully trend higher and hit the psychological level 3100.

Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 01 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). 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: 3140–3160, 3100; Support: 3050, 3000, 2925

Potential setup — Look for a test of the last hour bar (3065–3073) from yesterday to 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.