Failed signals are some of the best signals for trade entries. Find out how to identify failed signals as trading entries to ride on the trend in the trade review section.
Check out the video for a complete walk through of the market analysis of S&P 500 futures (ES) for 6 Jan 2021 trading session. In this video, you will find out the market recap during the last session and a trade review 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 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: 3825, 3810; Support: 3775, 3720.
Potential setup — Look for potential reversal at the key levels.