US Stock futures tank on Hong Kong worries [Video]

Ming Jong Tey Independent Analyst

SP 500 futures dropped near 1% as of the current London session after the Chinese government planned to impose a national security law on Hong Kong, which prompted concerns over the status of financial hub in Asia.

Check out the video for a complete walk through of the daily market analysis of SP 500 futures (ES) for 22 May 2020 trading session. In this video, I am going to show you the market recap on the last session, plus a trade review in M3 (entry, exit and the rationale behind) based on a reversal near the resistance level together with channel overbought, the bias going forward, the key levels to pay attention to, and the potential setup for the US session later.

If you have not watched my daily market analysis video from yesterday, feel free to watch it so that you can relate to the market recap and trade review I mentioned in today’s video.

SP 500 daily market analysis — potential trade setup and trade reviews

Author

Ming Jong Tey

Independent Analyst

Ming Jong Tey has been trading since 2008. He started his learning journey from technical analysis (indicators, Fibonacci, etc...) to value investing. Throughout his journey, he develops an interest in price action with chart pattern trading.

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