S&P 500 down move continues - trade review with 3 mistakes
S&P 500 had a strong selloff yesterday that broke the trading range between 3060–3160 with increasing supply. The lack of aggressive demand in the selloff should see S&P 500 to trend down further to test the swing low at 2925.
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 25 Jun 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) in the US session. Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later and the current market condition.
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 - bearish (Day trading); bullish(long term)
Key levels - Resistance: 3060, 3180, ; Support: 2980–3000, 2925
Potential setup - Look for a test of 3035–3060 to short on rejection.
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 25 Jun 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) in the US session. Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later and the current market condition.
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 - bearish (Day trading); bullish(long term)
Key levels - Resistance: 3060, 3180, ; Support: 2980–3000, 2925
Potential setup - Look for a test of 3035–3060 to short on rejection.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
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