S&P 500 uptrend continues with a spring type trade setup review
About 2 hours before the US opening, S&P 500 futures (ES) tested the last hour from the previous day with a spring-like action followed by a decent rally to test the previous day high near 3100. So far, S&P 500 is on track to trend up to test the prior swing high at 3140–3160.
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 02 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) 2 hours before the US opening with a spring type trade setup. 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; Support: 3100, 3050, 3000, 2925
Potential setup - Look for possible interaction of the small up-sloping structure from 3090–3120 to long.
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 02 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) 2 hours before the US opening with a spring type trade setup. 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; Support: 3100, 3050, 3000, 2925
Potential setup - Look for possible interaction of the small up-sloping structure from 3090–3120 to long.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
Find Out the Top 3 Unknown Stocks Ready to Soar: Click my website below
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.