S&P 500 - reversal trade at the right level with show of demand

٢٨ أغسطس ٢٠٢٠

Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 28 Aug 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). 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 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: 3540–3560 ; Support: 3460–3470, 3420–3430

Potential setup - Look for potential long entry upon tested the last hour bar and rebound from 3460–3470.

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