When the S&P 500 market does this - up trend pauses

1 Eyl 2020

Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 1 Sep 2020 trading session. In this video, I am going to show you the market recap during the last session and a trade review in the three-minutes timeframe (including entry, exit and the rationale behind). Yesterday the market repeats a pattern and most of the time when the market does this, the up trend pauses. Also check out what I learned from this losing trade. Going forward, I will cover the bias, the key levels to pay attention to, my trading plan for the session later.

Check out my daily market analysis video in the last session 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: 3520–3525, 3550–3560 ; Support: 3480–3490, 3420–3430

Potential setup - Look to short near 3520 upon rejection or to long on rebound around 3490.

Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.