Ming Jong Tey
Independent Analyst
Have you thought about how to enter the breakout trade even before it happens? Find out this breakout strategy before it makes the greatest gains.
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 13 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: 3587, 3550; Support: 3500, 3480–3500.
Potential setup — Look for potential reversal at the key levels.
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Latest Forex Analysis
Editors’ Picks
EUR/USD holds losses below 1.0900 amid cautious mood
EUR/USD is posting small losses while below 1.0900 in the European session on Tuesday. The pair treads water amid a cautious market mood, as traders weigh the US political updates and China slowdown worries. The US Dollar holds steady, in the absence of top-tier economic data.
GBP/USD stays pressured toward 1.2900 as US Dollar stabilizes
GBP/USD is on the defensive toward 1.2900, lacking firm direction in European trading on Tuesday. The US Dollar looks to stabilize after the early decline, weighing on the pair. Traders await mid-tier US housing data for fresh trading impetus.
Gold price remains at bay with US data in focus
Gold price trades with caution in the countdown to a string of US economic data. Firm Fed rate cut hopes to keep the upside in the US Dollar limited.
Bitcoin price struggles around $67,000 as US Government transfers, Mt. Gox funds movement weigh
Bitcoin struggles around the $67,000 mark and declines by 1.7% at the time of writing on Tuesday at around $66,350. BTC spot ETFs saw significant inflows of $530.20 million on Monday.
Big tech rebound ahead of earnings, Oil slips
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Tesla and Google are due to report earnings today after the bell, and their results could shift the wind in either direction. Despite almost doubling its stock price between April and July, Tesla sees appetite for its cars and its market share under pressure.