In the market outlook section, I elaborate more on the current market condition to analyze the bearish vs bullish scenario in the market in S&P 500 futures (ES). Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 23 Oct 2020 trading session. In this video, I show you 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.
Check out 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: 3490–3500, 3460; Support: 3380–3400
Potential setup — Look for potential reversal at the key levels.