How to trade pullbacks in three steps with high winning rate – SP 500 day trading [Video]

Ming Jong Tey Independent Analyst

In the trade review section, I explain in detail how I trade pullbacks in 3 steps, which helps increasing my winning rate. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 15 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: 3587, 3540; Support: 3510–3515, 3450–3480

Potential setup — Look for potential reversal at the key levels.

Author

Ming Jong Tey

Independent Analyst

Ming Jong Tey has been trading since 2008. He started his learning journey from technical analysis (indicators, Fibonacci, etc...) to value investing. Throughout his journey, he develops an interest in price action with chart pattern trading.

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