S&P 500 trade review - Switching bias to turn losses into profit
Yesterday sharp sell off in S&P 500 futures (ES) spring the prior swing low formed on 6 Jul 2020 at 3105 and quickly recovered majority of the losses and close below the resistance formed by the axis line near 3150.
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 10 Jul 2020 trading session. In this video, I am going to show you the market recap on the last session, plus two trade reviews 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 - neutral (Day trading); bullish (long term)
Key levels - Resistance: 3150, 3180, 3230; Support: 3105, 3060–3080
Potential setup - Look for potential reversal near the key support levels.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 10 Jul 2020 trading session. In this video, I am going to show you the market recap on the last session, plus two trade reviews 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 - neutral (Day trading); bullish (long term)
Key levels - Resistance: 3150, 3180, 3230; Support: 3105, 3060–3080
Potential setup - Look for potential reversal near the key support levels.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
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