SP 500 futures tested the last hour bar during the London session yesterday and subsequently successfully trend higher and hit the psychological level 3100.
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 01 Jul 2020 trading session. In this video, I am going to show you the market recap on the last session, plus a trade review in the M3 timeframe (including entry, exit and the rationale behind). Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later.
I encourage you to watch my daily market analysis video yesterday if you haven’t in order to better relate to the market recap and the trade review.
Bias — bullish (Day trading); bullish(long term)
Key levels — Resistance: 3140–3160, 3100; Support: 3050, 3000, 2925
Potential setup — Look for a test of the last hour bar (3065–3073) from yesterday to long on reversal.