MES Review and Analysis

6 мая 2019 г.

So far the MES is off to a good start and looks like it will be a great alternative to trading the ES or the SPY. The volume is already heavy enough to day trade with minimal slippage, and the price action is closer to the ES than SPY. The commissions are a little higher for active traders but are comparable to the SPY. The commissions are around twice that of the Emini, or around $1 a contract depending on the broker. But the lower margin requirements, and lower open risk make it a great alternative to trading the Emini. I believe the MES will eventually become the next big market for most retail traders including investors and day traders.

To see analysis of the MES / ES five minute chart, please visit my website (link below).


5 minute analysis of 5/6

Today was a bull trend from the open which soon entered a tight bull channel. The bull trend was not as strong as it could have been (gaps were filled), but there was a strong second leg up from the 1PM (EST) High 2 / Wedge bull flag higher low. The best bull stop was below the 9:55 failed bear reversal, until the 1PM higher low. The bulls reached a measured move up based on the two bar spike on the open, which is also near yesterdays low. Prices will probably begin to stall around this area and begin to form a trading range as prices have now reached the size of an average daily range and formed a second leg up. If instead prices continue higher, the bulls will try to fill the gap from friday around 2945. The bears will try for a strong reversal down to fill the open gaps from the 1PM rally.