Supply exhaustion could push S&P 500 higher -range trading setup
Yesterday 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.
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.
Find Out the Top 3 Unknown Stocks Ready to Soar: Click my website below
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.