
Last Friday S&P 500 futures had a reaction during the first four trading hours with increasing supply yet it produced a higher low (compared to Thursday) followed by a quick rally in the second half of the session and closed at the high of the range. This suggested demand came in to support the S&P 500 at at higher level based on Wyckoff’s effort vs result...
Yesterday was a meaningful day for S&P 500 futures (ES) as there is obvious demand come in to absorb the supply while on the other hand, the US economy contracts nearly 33% in Q2, the steepest decline since 1947. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 31 Jul 2020 trading session. In this video, I...
Yesterday bullish action in S&P 500 future (ES) with a commitment above the axis line at 3230 is constructive for a bullish case. As long as the support level at 3190 hold, S&P 500 should challenge higher targets. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 30 Jul 2020 trading session. In this video, I...
S&P 500 futures (ES) failed to overcome the resistance at 3230 and the presence of supply on yesterday took the price down to 3213 in the last hour. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 29 Jul 2020 trading session. In this video, I am going to show you the market recap on the last session, plus...
Yesterday bullish price action in S&P 500 futures (ES) confirmed the bullish bias formed in my analysis regarding the presence of demand as shown in the volume spread analysis. It is expected for S&P 500 to continue to rally up to test the supply zone near 3260 level. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures...
S&P 500 futures (ES) had two bearish bars on last Thursday and Friday, with the close near the low of the price range. It looks bearish at first glance yet with simple volume spread analysis (VSA) by comparing the bar on Thursday and Friday, we can spot the presence of demand on Friday's bar because with increasing supply level, the price spread is smaller with a...
China ordered US to close its consulate in Chengdu as a retaliation to US demand China to close its consulate in Houston. S&P 500 futures (ES) dropped -0.7% as of the current London session, slightly above 3200. Will the escalated tension between US and China trigger a meaningful selloff in the market? Check out the video for a complete walk through of the daily...
After a test of the support level near 3230 during the London session yesterday, S&P 500 futures (ES) rallied up and tested the swing high resistance at 3270. It is on its way to challenge the gap area resistance at 3310. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 23 Jul 2020 trading session. In this...
S&P 500 finally had broken out the swing high resistance at 3230 on yesterday after close to two weeks of supply absorption activities. The next target is at 3310 where the gap could provide some overhead resistance. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 21 Jul 2020 trading session. In this video,...
Last week profit taking activities happened in NASDAQ causing it become a laggard among the 4 indices (S&P 500, DOW, RUSSELL 2000). Instead of having a market topping scenario, I am more prone to scenario where rotation out from NASDAQ into other under value stocks in the big cap and the small cap sectors. Meanwhile, S&P is still consolidating in tight range just...
S&P 500 futures (ES) had a narrow range on yesterday with no commitment to either direction. That was accompanied by lower volume. S&P 500 still stays above the axis line at 3180, suggests a possibility to have a rally to test the swing high resistance at 3230. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES)...
S&P 500 futures (ES) took out the high created on 9 Jun yesterday by a few points and attracted some supply with a reaction. Despite the presence of the supply, S&P 500 still managed to hold above the resistance level at 3180. Should S&P 500 fail to breakout within days, we should see a retest of the lower target near 3170. Check out the video for a complete walk...
Last Friday S&P 500 futures (ES) tested the swing low near 3105 during the London session. Subsequently it had a strong run up broke out the swing high resistance at 3170. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 13 Jul 2020 trading session. In this video, I am going to show you the market recap on...
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,...
Yesterday S&P 500 futures (ES) broke out from the descending wedge (bullish wedge) with a deeper test. It seems like forming a handle to complete the cup and handle formation in the H1 timeframe since 23 Jun 2020. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 09 Jul 2020 trading session. In this video, I...
The 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...
Yesterday 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...
S&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...