Ming Jong Tey
Independent Analyst
Find out how to determine the market direction of the trend with unusual volume and price when day trading S&P 500 futures without any technical indicators.
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.
Timestamps
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0:52 Market recap.
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4:20 Trade review.
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6:55 Bearish market direction.
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7:20 Unusual volume.
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10:20 Compare the unusual volume.
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12:30 Wyckoff Effort vs results.
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15:00 Trade entry opportunity.
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17:45 Current stock market outlook.
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: 3770, 3720; Support: 3670–3680.
Potential setup — Look for potential reversal at the key levels.
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