Yesterday S&P 500 had a small spread candle with decreasing volume. This could be a sign of supply absorption before the next rally up. A failure below yesterday's low could see S&P 500 to test 3320 level.

Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 14 Aug 2020 trading session. In this video, I am going to show you the market recap on 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, the potential setup for the US session later.

Check out my daily market analysis video on 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: 3385–3400; Support: 3360–3365, 3320–3330, 3300, 3273, 3230

Potential setup — Look for potential long near 3360 upon a rebound.

SP500

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Analysis


Latest Forex Analysis

Editors’ Picks

AUD/USD: Corrective advance intact while above 0.7065

AUD/USD stalls its corrective bounce just shy of the 0.71 barrier, as the bulls take a breather before the next push higher. The spot is holding above the critical support at 0.7065 amid the upbeat market mood-driven reduced haven demand for the US dollar. 

AUD/USD News

USD/JPY finally about to make the U-turn to 103s?

USD/JPY is under pressure as the US dollar is broadly sold off across the board. DXY has been telegraphing a downside correction for a number of days. Meanwhile, there has been a couple of domestic releases for the yen with the Bank of Japan Summary of Opinions.

USD/JPY News

Gold looks north, two key levels to watch out

Gold started out the US NFP week on a solid footing, rallying nearly $20 on Monday. The metal bounced-off the SMA100 one-day support for the third straight day, courtesy of the broad retreat in the USD from two-month peaks.

Gold News

GBP crosses catching a bid in Asia on Brexit hopes

There have been a series of news relating to Brexit and monetary policy to start the week which has been underpinning the pound. The latest news, reported by the Times, states that the ''European negotiators have indicated for ...

Read more

WTI slips below $40.50 amid US dollar recovery, API data eyed

WTI refreshed the intraday low after reversing from $40.79. US dollar regains upside momentum amid hopes of further stimulus. Challenges to the US-China trade deal add downside pressure on oil prices. API data, USD moves become the key amid a light calendar.

Oil News

Forex Majors

Cryptocurrencies

Signatures