In the market outlook section, I analyze where the stock market could be heading and possible scenarios for bullish and bearish market and how to look for confirmation. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 8 Oct 2020 trading session. In this video, I am going to 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: 3420–3450; Support: 3380, 3300–3320, 3200–3230.
Potential setup — Look for potential reversal at the key levels.