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S&P 500 demand was present but no confirmation today — Daily Market Analysis
S&P 500 futures dropped near 1% as of the current London session after the Chinese government planned to impose a national security law on Hong Kong, which prompted concerns over the status of financial hub in Asia.
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 22 May 2020 trading session. In this video, I am going to show you the market recap on the last session, plus a trade review in M3 (entry, exit and the rationale behind) based on a reversal near the resistance level together with channel overbought, the bias going forward, the key levels to pay attention to, and the potential setup for the US session later.
If you have not watched my daily market analysis video from yesterday, feel free to watch it so that you can relate to the market recap and trade review I mentioned in today’s video.
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Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
