Ming Jong Tey
Independent Analyst
Before you trade the false breakout, make sure you have checked these 3 things in order to filter out early or invalid trade and to increase your winning rate.
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 17 Nov 2020 trading session. In this video, you will find out the market recap during the last session and 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, my trading plan for the session later.
Watch 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: 3660; Support: 3587, 3500.
Potential setup — Look for potential reversal at the key levels.
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