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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
S&P 500 - Could this be the last rally up? Daily Market AnalysisCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 4 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 M3 timeframe (entry, exit and the rationale behind) based on a breakout, test and reversal. 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: 3135, 3210; Support: 3095, 3065, 3035, 2980 (resistance-turned-support) Potential setup - look for a test and bounce up from the support areas 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
S&P 500 Markup phase with higher targets - Daily Market AnalysisCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 3 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 M3 timeframe (entry, exit and the rationale behind) based on reaction, test and reversal while the other trade based on effort vs results. 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 - up (Day trading); Up (Swing trading) Key levels - Resistance: 3135, 3210; Support: 3060, 3035, 3010, 2980 (resistance-turned-support) Potential setup - look for a test and bounce up of the last hour bar or previous day 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
S&P 500 potential supply absorption before breakout and mark upCheck 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.
CME_MINI:ES1!
by mingjong
4
S&P 500 Supply was absorbed by aggressive demandCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 1 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 M3 (entry, exit and the rationale behind) based on the reversal from the resistance zone, 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 on last Friday 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: 3066, 3080, 3135; Support: 3035, 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 to short. 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
S&P 500 supply presence with broadening top patternCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 29 May 2020 trading session. In this video, I am going to show you the market recap on the last session, plus two 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 relate with the market recap and trade reviews. Bias - down (Day trading); Up (Swing trading) Key levels - Resistance: 3030, 3080, 3135; Support: 2980 (resistance-turned-support), 2966 (swing low) Potential setup - look for a pullback to the support area near 2980 to long. Or look for a test of 3030 where support-turned-resistance to short. 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
23
S&P 500 Supply should be tested and resolve from this megaphone Among the four main indices, which are the Dow (YM), S&P 500 (ES), NASDAQ 100 (NQ), RUSSELL 2000 (RTY), NASDAQ, the past leader, shows weakness in the past week while the past laggards like the RUSSELL 2000 and the DOW are catching up. This is possible rotational play when some of the funds rotate into the laggards from the leaders. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 28 May 2020 trading session. In this video, I am going to show you the market recap on the last session, plus two trade reviews in M3 (entry, exit and the rationale behind) based on breakout setup and reversal from the oversold channel, 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 if you haven't in order to relate with the market recap and trade reviews. Bias - neutral (Day trading); Up (Swing trading) Key levels - Resistance: 3050, 3080, 3135; Support: 2980 (resistance-turned-support), 2966 (swing low) Potential setup - look for a pullback to the support area near 2980 to long. Or look for localised structure for a break and retest 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 more upsides confirmed by spring, SOS rally and breakoutS&P 500 broke out from the trading range formed since 19 May on Monday on thin volume as it was a public holiday in US - Memorial Day after a spring action on last Friday. The trading range from 19 May was an absorption area prior to breakout to the upside. The sequence from spring, sign of strength (SOS) rally to breakout the resistance confirmed further upside targets for S&P 500. A backup action to the support near 2980 or higher level is expected before further rally. Video uploading was interrupted again. Refer to the comment section. Check out the youtube video in the comment for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 26 May 2020 trading session. Market recap on the last session, plus trade reviews in M3 (entry, exit and the rationale behind) based on a spring action at the support level and a reversal setup near the supply zone, 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 on last Friday if you haven't in order to relate with the market recap and trade reviews. Bias - up (Day trading); Up (Swing trading) Key levels - Resistance: 3050, 3080; Support: 2980 (resistance-turned-support), 2910 (swing low) Potential setup - look for a pullback to the support area near 2980 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
3
S&P 500 demand was present but no confirmation todayCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 22 May 2020 trading session. In this video, I am going to show you the market recap on the last session, plus a trade review in M3 (entry, exit and the rationale behind) based on a reversal near the resistance level together with channel overbought, the bias going forward, the key levels to pay attention to, and the potential setup for the US session later. If you have not watched my daily market analysis video from yesterday, feel free to watch it below so that you can relate to the market recap and trade review I mentioned in today's video. 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
5
S&P 500 range trading before breakout? Daily Market AnalysisCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 21 May 2020 trading session. In this video, I am going to show you the market recap on the last session, plus a trade review in M3 (entry, exit and the rationale behind) based on SOS breakout followed by a reaction to the support level, the bias going forward, the key levels to pay attention to, and the potential setup for the US session later. If you have not watched my daily market analysis video from yesterday, feel free to watch it below so that you can relate to the market recap and trade review I mentioned in today's video. Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
CME_MINI:ES1!
by mingjong
1
S&P 500 futures possible supply absorption before breaking outCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 20 May 2020 trading session. In this video, I am going to show you the market recap on the last session, plus a trade review in M3 (entry, exit and the rationale behind) based on SOS rally followed by a reaction turned to be a failure, the bias going forward, the key levels to pay attention to, and the potential setup for the US session later. If you have not watched my daily market analysis video from yesterday, do watch it below so that you can relate to the market recap and trade review I mentioned in today's video. 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
S&P 500 futures pending breakout on sign of strength rallyCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 19 May 2020 trading session. In this video, I am going to show you the market recap on the last session, plus a trade review in M3 (entry, exit and the rationale behind) during the today's London session based on the up thrust with a test setup, the bias going forward, the key levels to pay attention to, and the potential setup for the US session later. No trades for me during the US session yesterday. Yet, you are still encouraged to watch yesterday's market analysis video so that you relate to the market recap I mentioned in the video. 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
7
S&P 500 Spring plus a test with higher upside - Market AnalysisCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 18 May 2020 trading session. In this video, I am going to show you the market recap on the last session including trade review in M3 (entry, exit and the rationale behind) relying on a spring setup 9 minutes after the US opening, the bias going forward, the key levels to pay attention to, and the potential setup for the US session later. 15 May 2020 recap - 2 hours prior to US opening, S&P 500 formed a down-sloping range in M3. This down-sloping range was considered as a test of the last hour bar, which was key area as mentioned in my daily market analysis video on last Friday. During the first 10 minutes of the opening, S&P 500 had a spring of the localized low followed by a reversal bar, which was a nice long entry. Watch my market analysis video on last Friday below if you haven't to get a better context for the trade review. On H1 timeframe, Friday's pullback to level around 2810 could be considered as a test of the spring formed on Thursday on lower volume. Continuation to the upside to be expected. Trade review on last session (Friday) - On the M3 timeframe, after a spring of the localized low on 9:33pm bar followed by a reversal bar next, a long entry was initiated, in anticipation a break out to the upside from the down-sloping range. The bar that initiated the spring of the low was a big spread bearish bar. If it really was that bearish, we should see continuation of break down to the downside or at least weak rally instead of a big spread bullish reversal bar right after the spring bar.  The second long entry was after a reaction and tested 2815 level coincided with the base where previous breakout initiated. A limit exit is set at the high of the rejection bar with high volume at 10:36pm (GMT +8). Fast forward to the current chart, S&P 500 continued to rally in the Asian and London session currently within the resistance zone 2890–2910. We need to pay attention to how the price interacts within this resistance zone (also refer to big spread breakdown bar acted as supply zone on 13 May in H1 timeframe). If S&P 500 can break the resistance zone, it is likely to test the next swing high at 2950–2960. Bias - Up (day trading); neutral (swing trading) Key levels - Resistance: 2890–2910, 2940–2960; Support: 2840–2860 Potential setup - a test and bounce from the support zone 2840–2860 also coincides with the last hour bar from Friday could form a long entry. Else pay attention to rejection and reversal from the resistance zone 2890–2910 to initiate 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!Long
by mingjong
5