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Tradereview

Low supply grinding up movement pushes S&P 500 to all time high?Yesterday S&P 500 futures (ES) had another up day with relatively low volume. Currently it is testing the gap resistance between 3310–3340. The character of the current movement is similar to what happened in Nov 2019, where S&P 500 inched up gradually with low supply level and low volatility until Jan 2020. Will that happen again? Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 6 Aug 2020 trading session. In this video, I am going to show you the market recap on the last session. Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later. Check out 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: 3310–3340; Support: 3300, 3273, 3230, 3190, 3170–3180, 3105 Potential setup - Look for potential reversal setup near the key support and resistance levels. Wait for a breakout from the range between 3310–3330. 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 Strong bias costs me a missed reward to risk ratio of 4As expected, S&P 500 futures (ES) continued to trend higher and closed at 3300 yesterday. It is expected to continue to challenge the all time high once it can surpass the gap resistance formed at 3310–3340. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 5 Aug 2020 trading session. In this video, I am going to show you the market recap on the last session, plus trade reviews in the three-minutes timeframe (including entry, exit and the rationale behind). In one of the trades, I will focus on how I missed out a potential reward to risk ratio of 4 (or R multiple of 4) from a up thrust after distribution setup by having a strong directional bias. Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later. Check out 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: 3310–3340; Support: 3300, 3273, 3230, 3190, 3170–3180, 3105 Potential setup - Look for potential reversal setup near the key support and resistance levels. 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 trade review - sign of strength rally breakout strategyYesterday S&P 500 futures (ES) formed a beautiful Wyckoff structure during the non-regular trading hours (RTH). It sprang the previous swing low followed by a minor sign of strength rally and a test before breaking out of the down-sloping structure. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 4 Aug 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 three-minutes 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. Check out 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: 3300, 3310–3340; Support: 3273, 3230, 3190, 3170–3180, 3105 Potential setup - Look for potential reversal setup near the key support and resistance levels. 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 absorption with Wyckoff Effort vs Result analysisLast 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 analysis. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 3 Aug 2020 trading session. In this video, I am going to show you the market recap on the last session, plus potential trade reviews 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, the potential setup for the US session later. Check out 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 — neutral (Day trading); bullish (long term) Key levels — Resistance: 3273, 3310–3340; Support: 3230, 3190, 3170–3180, 3105 Potential setup — Look for potential reversal setup near the key support and resistance levels or breakout trade from the M3’s trading range. 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 trade reviews on spring setup - false breakout strategyYesterday 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 am going to show you the market recap on the last session, plus four trade reviews in the three-minutes timeframe (including entry, exit and the rationale behind). Those trades were initiated during the London and US sessions and all of them are based on spring type setup, or the false breakout strategy. Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later. Check out 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: 3273, 3310–3340; Support: 3230, 3190, 3170–3180, 3105 Potential setup - Look for potential reversal setup near the key support and resistance levels. 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  -  how to trade breakout with increasing winning rateYesterday 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 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). That trade was initiated during the US session and I will elaborate more on how to trade breakout with increasing winning rate. Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later. Check out 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: 3230, 3260, 3310–3340; Support: 3190, 3170–3180, 3105 Potential setup - Look for potential reversal setup near the key support and 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 spring type trade setup with effort vs results analysisS&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 a trade review in the M3 timeframe (including entry, exit and the rationale behind). The trade setup was based on spring type reversal setup with effort vs. results analysis and another potential trade was based on breakdown rising wedge pattern (e.g. shortening of the upward thrust). Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later. Check out 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: 3230, 3260, 3310–3340; Support: 3190, 3170–3180, 3105 Potential setup - Look for potential reversal setup near the key support and 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 expects a rally to test the supply zoneYesterday 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 (ES) for 28 Jul 2020 trading session. In this video, I am going to show you the market recap on the last session, plus a losing trade review in the M3 timeframe (including entry, exit and the rationale behind). The trade setup was based on trading the sign of strength rally followed by the backup action and another potential trade was based on Wyckoff law - effort vs result. Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later. Check out 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: 3260, 3310–3340; Support: 3230, 3190, 3170–3180, 3105 Potential setup - Look for potential long entry after a test of the last hour bar from yesterday near 3225. 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 shows presence of demandS&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 demand tail. Shortening of the downward thrust was also seen in hourly (H1) chart. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 27 Jul 2020 trading session. In this video, I am going to show you the market recap on the last session, plus two trade review in the M3 timeframe (including entry, exit and the rationale behind). One trade setup was based detecting and confirming trend reversal and the second trade was based on Wyckoff law - effort vs result. 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 last Friday 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: 3230, 3260, 3310–3340; Support: 3190, 3170–3180, 3105 Potential setup - Look for long entry after a test of 3190. 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
4
Will closure of US consulate in Chengdu cause selloff in S&P 500China 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 market analysis of S&P 500 futures (ES) for 24 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) initiated during the US session. The trade setup was based on a spring of the non-Regular Trading Hour (RTH) low followed by a reversal. 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 - bearish(Day trading); bullish (long term) Key levels - Resistance: 3230, 3270, 3310–3340; Support: 3190, 3170–3180, 3105 Potential setup - Look for long entry after a test of 3190. 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 trade review on how to detect and confirm trend reversalAfter 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 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) initiated during the London session and held through the US session. The trade setup was based on trend reversal, which I will elaborate ways to detect and confirm the trend changes the later part of the video. 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: 3310-3340; Support: 3265–3273, 3230, 3170–3180, 3105 Potential setup - Look for long entry after a test of the breakout bar from 3265–3273. 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
4
S&P 500 trade review with my high winning rate day trading setupS&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, 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) from the London session to the US session. This is one of my favorites day trading setup with high winning rate. 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: 3310; Support: 3230, 3170–3180, 3105 Potential setup - Look for long entry after a test of the last hour bar at 3235–3250 key support area.  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
Profit taking in NASDAQ with rotation into S&P 500?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 below the swing high resistance at 3230 with decreasing supply. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 20 Jul 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) during 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. I encourage you to watch my daily market analysis video last Friday 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: 3230, 3310; Support: 3170–3180, 3105, 3060–3080 Potential setup - Look for long entry after a reversal from a test of 3170–3180 key support area. Else, a short entry upon rejection from the swing high resistance near 3230. 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 decreasing supply with no follow through to the downsideS&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) for 17 Jul 2020 trading session. In this video, I am going to show you the market recap on the last session. 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 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: 3230, 3310; Support: 3170–3180, 3105, 3060–3080 Potential setup - Look for reversal signals around the key support or resistance levels, 3180-3190 and 3230. 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 fails to breakout with presence of supplyS&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 through of the daily market analysis of S&P 500 futures (ES) for 16 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. 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: 3230, 3310; Support: 3170-3180, 3105, 3060–3080 Potential setup - Look for reversal signals around 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
Managing S&P 500 positions from London session to US SessionLast 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 the last session, plus a trade review in the M3 timeframe (including entry, exit and the rationale behind) that held from London session to US session. 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: 3230, 3310; Support: 3170-3180, 3105, 3060–3080 Potential setup - Look for a test near 3170–3180 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!Long
by mingjong
S&P 500 trade review - Switching bias to turn losses into profitYesterday 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, 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. 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: 3150, 3180, 3230; Support: 3105, 3060–3080 Potential setup - Look for potential reversal near the key support 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 possible cup and handle breakout to test higher targetsYesterday 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 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 - bullish (Day trading); bullish (long term) Key levels - Resistance: 3156, 3180, 3230; Support: 3145-3150, 3120, 3100 Potential setup - Look for potential reversal near the key support levels. 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 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