Failure at the resistance zone - Where is S&P 500 market heading
The S&P 500 has failed at the resistance zone between 3450–3460. Pay attention to the market outlook scenario to find out where the stock market is heading.
The failure case was mentioned in the bearish scenario on last Friday's market analysis. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 26 Oct 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) on how to profit from the rejection from the resistance zone. 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: 3490–3500, 3460; Support: 3380–3400
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.
The failure case was mentioned in the bearish scenario on last Friday's market analysis. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 26 Oct 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) on how to profit from the rejection from the resistance zone. 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: 3490–3500, 3460; Support: 3380–3400
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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