S&P 500 - using volume spread analysis to qualify reversal trade

Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 14 Sep 2020 trading session. In this video, I am going to show you the market recap during the last session and a trade review in the three-minutes timeframe (including entry, exit and the rationale behind). In the review section, I will explain how I use volume spread analysis to qualify reversal trade so that I only take the valid reversal trade. 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: 3380, 3425, 3450; Support: 3300, 3230

Potential setup - Look for potential reversal at the key levels.

Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.