S&P 500 potential supply absorption before breakout and mark up
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 2 Jun 2020 trading session. In this video, I am going to show you the market recap on the last session, plus 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 better relate with the market recap and trade review.
Bias - neutral (Day trading); Up (Swing trading)
Key levels - Resistance: 3058, 3066, 3080, 3135; Support: 3035, 3010, 2992, 2980 (resistance-turned-support)
Potential setup - look for a pullback to the non-RTH low near 3010 where it coincides with the demand zone from the previous session (last Friday) to long. Or look for a rejection from the non-RTH high near 3060-3066 to short.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
I encourage you to watch my daily market analysis video yesterday below if you haven't in order to better relate with the market recap and trade review.
Bias - neutral (Day trading); Up (Swing trading)
Key levels - Resistance: 3058, 3066, 3080, 3135; Support: 3035, 3010, 2992, 2980 (resistance-turned-support)
Potential setup - look for a pullback to the non-RTH low near 3010 where it coincides with the demand zone from the previous session (last Friday) to long. Or look for a rejection from the non-RTH high near 3060-3066 to short.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
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