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Trading the breakout after identifying market weakness

Trading the breakout after identifying market weakness

Failure at the resistance zone was spotted in yesterday's video. Find out how to identify the market weakness and profit from it with the breakout trading strategy in the trade review section.

Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 27 Oct 2020 trading session. In this video, you will find out the market recap during the last session and trade reviews in the three-minutes timeframe (including entry, exit and the rationale behind) on how to profit from the rejection from the resistance zone . Going forward, I will cover the bias, the key levels to pay attention to, my trading plan for the session later.

Watch my daily market analysis video in the last session below 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: 3460, 3400–3410; Support: 3380–3400

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.

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