S&P 500 - Trading the FED minutes price action the Wyckoff way
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 20 Aug 2020 trading session. In this video, I am going to show you the market recap on the last session and a potential trade review in the three-minutes timeframe (including entry, exit and the rationale behind). I will elaborate more on how I would have approached trading the price action responding to the FED minutes. 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 on 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: 3385–3400, 3373–3380; Support: 3350, 3320–3330, 3300, 3273, 3230
Potential setup - Look for potential reversal at the key levels.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
Check out my daily market analysis video on 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: 3385–3400, 3373–3380; Support: 3350, 3320–3330, 3300, 3273, 3230
Potential setup - Look for potential reversal at the key levels.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
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