S&P 500 Trading false breakout and profit from trapped traders
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 2 Oct 2020 trading session. In this video, I am going to show you the market recap during the last session and trade reviews in the three-minutes timeframe (including entry, exit and the rationale behind). In the trade review section, I will explain in detail how to trade the false breakout and different group of traders who were trapped in this scenario. 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: 3380, 3420–3450; Support: 3285–3295, 3200–3230
Potential setup - Look for potential reversal at the key levels.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
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: 3380, 3420–3450; Support: 3285–3295, 3200–3230
Potential setup - Look for potential reversal at the key levels.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
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