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S&P 500 possible inflection point to rally up furtherThe reaction of S&P 500 futures (ES) yesterday has slight increase of supply. Yet the the progress to the downside was slightly below the support 3140 with possible shortening of the downward thrust. Today’s price action is important as it provides clues and confirmation for the very short term direction of the S&P 500. Video uploading process was again interrupted. 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: 3156, 3180, 3230; Support: 3120, 3100 Potential setup — Look for potential reversal near the key support or resistance levels. Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
CME_MINI:ES1!
by mingjong
S&P 500 momentum fading with decreasing demandYesterday during the non-regular trading hours (RTH) S&P 500 futures (ES) had a strong rally up and broke out 3156 swing high level followed by narrow range during the US session. It further tested the axis line as the resistance level at 3180 followed by a reaction during the Asian session today.  Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 07 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) during the US session based on a reversal setup near the key support level. 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: 3156, 3180, 3230; Support: 3140, 3115, 3100 Potential setup - Look for potential reversal near the key support or resistance levels. Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
CME_MINI:ES1!
by mingjong
2
S&P 500 on the way to Wyckoff Phase B up thrust actionS&P 500 futures (ES) had seen some profit taking going on last Thursday before the long weekend. As of the current London session, it is breaking out above the immediate swing high resistance at 3156, on the way for higher targets at 3180 and 3230. This up swing could be part of the up move in Wyckoff Phase B, likely to form an up thrust action for a bullish scenario before further consolidation in the trading range between 2925–3230. The video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 06 Jul 2020 trading session was not uploaded this site due to some technical issue (uploading process was frozen...). The YouTube video link is in the comment below. 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: 3180, 3230; Support: 3156, 3100 Potential setup — Look for a pullback to test the support near 3156 to long on reversal. Or to short upon rejection at the key resistance levels.
CME_MINI:ES1!Long
by mingjong
2
S&P 500 uptrend continues with a spring type trade setup reviewAbout 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.
CME_MINI:ES1!Long
by mingjong
2
S&P 500's up wave to test the prior swing highS&P 500 futures tested the last hour bar during the London session yesterday and subsequently successfully trend higher and hit the psychological level 3100. The video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 01 Jul 2020 trading session was not uploaded this site due to some technical issue (uploading process was frozen...). The YouTube video link is in the comment below. 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, 3100; Support: 3050, 3000, 2925 Potential setup — Look for a test of the last hour bar (3065–3073) from yesterday to long on reversal.
CME_MINI:ES1!Long
by mingjong
1
S&P 500 Shortening of the thrust with pending reversal to go upS&P 500 futures tested the non-RTH low from yesterday and rallied up to close at the high. It broke out from the H1 down channel and currently retest the supply line turned support. A down swing is expected to have a test before initiating a change of character rally, possible forming an apex formation. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 30 Jun 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). 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: 3080, 3060 ; Support: 3020–3040, 3000, 2925 Potential setup - Look for a test of the last hour bar (3020–3040)or 3000 from yesterday to long on reversal. Or a test of the 1pm candle (3042–3057) to short. Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
CME_MINI:ES1!
by mingjong
S&P 500 Wyckoff phase B secondary test within the rangeS&P 500 futures had a down day last Friday with increasing supply. The reaction started 24 Jun, which broke down the support level at 3060, seems like forming a down-sloping channel to test the low formed in 15 Jun. This could be a secondary test of the prior selling climax. Consolidation in the trading range between 2925–3230 is expected. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 29 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). 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 last Friday below 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: 3080, 3050, 3020, ; Support: 2980–3000, 2925 Potential setup - Look for a test of the first hour selling bar (3030–3050) from last Friday short on rejection. Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
CME_MINI:ES1!Short
by mingjong
S&P 500 - Confirmation is pending + supply absorption case studyThere was no follow through to the downside in S&P 500 futures (ES) yesterday. Last hour breakout to the upside created another opportunity for S&P 500 to reclaim the swing high near 3145, similar to 20 Jun 2020.  Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 26 Jun 2020 trading session. In this video, I am going to show you the market recap on the last session, plus a potential trade review 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 below 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: 3100, 3080, 3180, ; Support: 3010, 2980–3000, 2925 Potential setup -Look for a test of the last hour bar (3040–3060) from yesterday or the consolidation area (3010–3040) and long on reversal. Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
CME_MINI:ES1!
by mingjong
S&P 500 down move continues - trade review with 3 mistakesS&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.
CME_MINI:ES1!Short
by mingjong
4
S&P 500 range with trade review on up thrust after distributionSince there was no follow through to the downside on Monday, yesterday S&P 500 continued to edge up until it hit the prior swing high at 3145, which triggered a reaction down. so far S&P 500 futures is still within the H1 trading range between 3060–3160. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 24 Jun 2020 trading session. In this video, I am going to show you the market recap on the last session, plus one trade review in the M3 timeframe (including entry, exit and the rationale behind) happened an hour before the US opening. 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 below 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: 3160, 3180, ; Support: 3060, 2980–3000 Potential setup - Look for a test of the M3 range resistance-turned-support near 3110 and long upon rebound. Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
CME_MINI:ES1!
by mingjong
3
Spring vs sign of weakness - A tug of war in S&P 500As mentioned in my daily market analysis video yesterday, Friday's price action in S&P 500 was a sign of weakness. Yet, there was no follow through to the downside yesterday, which violate the scenario of sign of weakness. Instead, it could be a spring scenario within the trading range between 3060–3160. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 23 Jun 2020 trading session. In this video, I am going to show you the market recap on the last session, plus one potential trade review 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 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 - bullish (Day trading); bullish(long term) Key levels - Resistance: 3160, 3180, ; Support: 3060, 2980–3000 Potential setup - Look for a test of the M3 range resistance-turned-support near 3110 and long upon rebound. Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
CME_MINI:ES1!Long
by mingjong
Weakness shows up in S&P 500 with increasing of supplyLast Friday S&P 500 had increasing supply, which took the price down to slightly below the support level at 3060. This is a sign of weakness within the trading range from 3060–3160. A commitment below 3060 will see S&P 500 to have a test of the prior swing low 2930. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 22 Jun 2020 trading session. In this video, I am going to show you the market recap on the last session, plus one potential trade review 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 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); Up (long term) Key levels - Resistance: 3090–3100, 3160, 3180, ; Support: 3060, 2980-3000, 2930 Potential setup - Look for a test of the last hour bar from 3085–3105 and short upon rejection.  Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
CME_MINI:ES1!Short
by mingjong
Supply exhaustion could push S&P 500 higher -range trading setupYesterday S&P 500 formed a narrow range with lower volume, suggested lack of supply in the market. A break above 3160 could see S&P 500 to test 3180 followed by 3230. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 19 Jun 2020 trading session. In this video, I am going to show you the market recap on the last session, plus one potential trade review 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 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 - neutral (Day trading); Up (long term) Key levels - Resistance: 3160, 3180, ; Support: 3060, 3000, 2930 Potential setup - Look for a test of the key support level at 3060 and long upon a reversal. Or look for a short entry when there is rejection from the key resistance level near 3160. Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
CME_MINI:ES1!
by mingjong
S&P 500 - A failed triangle breakout no downside follow throughYesterday S&P 500 broke out the symmetrical triangle pattern formed in H1 during the London session but end up becoming a failure during the US opening session. Yet there was no follow through to the downside. So far S&P 500 futures was stuck in a smaller trading range between 3060–3160. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 18 Jun 2020 trading session. In this video, I am going to show you the market recap on the last session, plus one trade review in the M3 timeframe (including entry, exit and the rationale behind) in the US session based on a spring setup. 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 below if you haven't in order to better relate to the market recap and the trade review. Bias - neutral (Day trading); Up (long term) Key levels - Resistance: 3100, 3160, 3180, ; Support: 3060, 3000, 2930 Potential setup - look for a test of the breakout bar near 3120 to long on rebound. Else a test and rejection from the swing high considered for a short entry. Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
CME_MINI:ES1!
by mingjong
2
S&P 500 symmetrical triangle pattern breakoutYesterday S&P 500 futures tested the previous day high level at 3068 and subsequently rallied up and consolidated via a symmetrical triangle (or apex formation). It broke out the apex formation earlier on during the London session. It is anticipated to at least test the swing high at 3156. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 17 Jun 2020 trading session. In this video, I am going to show you the market recap on the last session, plus one trade review in the M3 timeframe (including entry, exit and the rationale behind) before 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 below if you haven't in order to better relate to the market recap and the trade review. Bias - neutral (Day trading); Up (long term) Key levels - Resistance: 3160, 3180, ; Support: 3070, 3030 Potential setup - look for a test of the breakout bar near 3120 to long on rebound. Else a test and rejection from the swing high considered for a short entry. Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
CME_MINI:ES1!
by mingjong
S&P 500 hits distribution target -should  test higher levelsAfter a spring below the maximum Point & Figure (M5, ATR 20) target projected at 2938, S&P 500 had a strong rally up and so far recovered more than 50% of the sell off bar in 11 Jun 2020. On the daily chart, it is supported at the top of the re-accumulation range from Apr-May 2020. A test of the high of the sell off bar near 3180 is expected.  Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 16 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 London and US sessions. 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 with the market recap and the trade review. Bias - neutral (Day trading); Up (long term) Key levels - Resistance: 3120, 3180, ; Support: 3070, 3030 Potential setup - look for a test of the last hour bar from 3030–3070 and long upon rebound. Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
CME_MINI:ES1!
by mingjong
2
S&P 500 - Character mimics 1st wave of Coronavirus Bear MarketAfter a sharp sell off on last Thursday followed by Friday's automatic rally, S&P 500 ended merely closed above 3000. The automatic rally on last Friday was relatively weak without even attempt to recover level 3100. It also created a lower low, which was a sign of weakness (SOW), which I mentioned in my market roundup posted on Sunday. The character of the down move since last Thursday does mimic the sell off in Feb 2020 triggered by the Coronavirus.  Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 15 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) based on a localised breakout setup (first attempt was stopped out, second attempt was a win). 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 on last Friday below if you haven't in order to better relate with the market recap and the trade review. Bias - down (Day trading); Up (long term) Key levels - Resistance: 2970, 3000, 3076, 3120, 3180, ; Support: 2930, 2900, 2770 Potential setup - look for a test of the 2970 or 3000 and short upon rejection.  Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
CME_MINI:ES1!Short
by mingjong
13
S&P 500 start of bear market or pullback in a bull market?Yesterday S&P 500 futures had the biggest slump together with the highest volume since the bottom in 23 Mar 2020. This is definitely a change of character of the uptrend since the bottom in March. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 12 Jun 2020 trading session. In this video, I am going to show you the market recap on the last session, plus one trade review in the M3 timeframe (including entry, exit and the rationale behind) based on a localised breakout setup. 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 below if you haven't in order to better relate with the market recap and trade review. Bias - down (Day trading); Up (long term) Key levels - Resistance: 3120, 3180, ; Support: 3000, 2930 Potential setup - look for a test of the H4 down accelerated bar (around 3050–3120) and short upon rejection. Or to long upon reversal from the key supporting levels. Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
CME_MINI:ES1!Short
by mingjong
6
S&P 500 breaks down from distribution structure with P&F targetS&P 500 futures slumped 1.6% to 3130 as of the current London session with increasing supply. Yesterday heavy selling was observed during the first two hours and the last two hours of the US session. Current level around 3130 might provide some support. Should S&P 500 violate this level, it could hit the Point & Figure distribution projected targets from 3052–3067. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 11 Jun 2020 trading session. In this video, I am going to show you the market recap on the last session, plus one trade review 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, 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 - down (Day trading); Up (Swing trading) Key levels - Resistance: 3210, 3180, ; Support: 3130, 3060 Potential setup - look for a test of the H4 down accelerated bar (around 3160–3170) and short upon rejection. Or to long upon reversal from the key supporting levels. Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
CME_MINI:ES1!Short
by mingjong
S&P 500 supply absorption pending commitment to the upsideCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 10 Jun 2020 trading session. In this video, I am going to show you the market recap on the last session, plus three 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, and 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 with the market recap and trade review. Bias - neutral (Day trading); Up (Swing trading) Key levels - Resistance: 3300, 3210; Support: 3190, 3181, 3135 Potential setup - look for a test and bounce from the key support levels to long. Or to short near the swing high around 3230 upon rejection. Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
CME_MINI:ES1!
by mingjong
4
S&P 500 - presence of supply at resistance zoneCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 9 Jun 2020 trading session. In this video, I am going to show you the market recap on the last session, plus one trade review in the M3 timeframe (including entry, exit and the rationale behind) based on a reversal setup at the axis line. Going forward, I will cover the bias, 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 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: 3300, 3210; Support: 3193, 3181, 3135, 3095 Potential setup - look for a test and bounce from the key support levels to long. Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
CME_MINI:ES1!
by mingjong
4
S&P 500 expects a test after climatic run upCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 8 Jun 2020 trading session. In this video, I am going to show you the market recap on the last session, plus one trade review in the M3 timeframe (including entry, exit and the rationale behind) based on a test and reversal setup during the London session. Going forward, I will cover the bias, the key levels to pay attention to, and the potential setup for the US session later. S&P 500 futures (ES)had a big jump on last Friday after a better than expected Nonfarm Payrolls numbers set in. After a test of the resistance level at 3210 mentioned in my previous video, ES retraced and closed at 3186. The character of the rally on last Friday was climactic in conjunction with a jump in the volume. This is usually to be resolved via a test to absorb the excessive supply presented on Friday. I encourage you to watch my daily market analysis video last Friday 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: 3300, 3210; Support: 3135, 3095 Potential setup - look for break down from 3182 for a short or to long near 3135 coincides with the breakout bars. Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
CME_MINI:ES1!
by mingjong
2
S&P 500 - Spring + Sign of strength rally or up thrust?Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 5 Jun 2020 trading session. In this video, I am going to show you the market recap on the last session, plus trade reviews in the M3 timeframe (including entry, exit and the rationale behind) based on effort vs results followed by a reversal setup. Going forward, I will cover the bias, the key levels to pay attention to, and the potential setup for the US session later. Currently ES is within the resistance zone around 3135. It is not uncommon to have a reaction around the level. 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 - Up (Day trading); Up (Swing trading) Key levels - Resistance: 3135, 3210; Support: 3130, 3095, 3065, 2980 (resistance-turned-support) Potential setup - look for a test and bounce up near 3130 (swing high) to long. Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
CME_MINI:ES1!Long
by mingjong
5