S&P 500 supply presence with broadening top pattern

29 במאי 2020

Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 29 May 2020 trading session. In this video, I am going to show you the market recap on the last session, plus two potential trade reviews in M3 (entry, exit and the rationale behind), the bias going forward, the key levels to pay attention to, and the potential setup for the US session later.

I encourage you to watch my daily market analysis video yesterday below if you haven't in order to relate with the market recap and trade reviews.

Bias - down (Day trading); Up (Swing trading)

Key levels - Resistance: 3030, 3080, 3135; Support: 2980 (resistance-turned-support), 2966 (swing low)

Potential setup - look for a pullback to the support area near 2980 to long. Or look for a test of 3030 where support-turned-resistance to short.

https://www.tradingview.com/x/0AEHpW3Z/

Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.