AM Briefing For ES Emini and MES Futures Trading Room

 

 AM Briefing For ES Emini and MES Futures Trading Room

TRANSCRIPT:

good morning es and Mees Futures Traders

if you're looking for a group whether

you're a brand new Futures Trader or

you've been doing it for 20 plus years

you are welcome to check us out at micr

trader.com all right there's quite a bit

to talk about on this chart so monster

move last week monster

moves plural monster moves and we have

been softening up the ground here

overnight I mean look how tested this

area is we explored underneath it for a

little bit and laded back up past it all

of the indices are below Friday's

halfback at this point seems to be

softening the ground for perhaps a run

underneath it so today's tip is going to

be the opposite of a short squeeze

careful with Longs below

careful with Longs

Below in other words if you do decide to

go long because of some

level don't make things worse if it goes

against you just to get out as we say in

our group there's another high

probability trade right around the

corner you just have to wait for it just

get out daily trend line that's what

this red dotted line is we are still

over that red trend line okay single

prints so we still have these three sets

of single prints that are still valid

until they are tested in the rth session

so there they are and then the halfback

from Thursday February the 22nd I think

needs to be there each of these are

little sign post post on the trip

down okay each of those little sign post

touch it in the overnight means nothing

it doesn't mean anything really um it

doesn't count until they're tested in

the rth session and then I have my

warning shot to Bulls

here I could even probably have that a

little higher but it makes sense that's

the warning shot and then just a

reminder careful with Longs below could

be the opposite set of a short

squeeze news drivers today there aren't

any the big news drivers are Tuesday

through Friday with pce being the core

news driver this week overnight I feel

like they're softening up the ground

here we're laddering down we're under

half back it's been a good long time

here came up and grabbed this

liquidity what's going to

happen it's real hard to want to be long

but if you were to say Trend you're

above this daily trend line below there

things could get dicey could what do I

know this thing could go to 5,500 this

week what do I know we trade the levels

as they're presented paying attention to

Trend and being cognizant of trade

location and being aware of where the

most significant magnets for Price are

on the

chart so let's talk about the strong

levels the strong

levels I usually say they're strong but

right now are they sort of maybe kind of

weak levels because if this thing

decides to

flush how it correlates to my tip

here am I going to want to go long off

these levels probably

not what I would most likely do is I'm

going to be looking a ly to be short

heading into them

cognizantly aware of where those levels

are because those are good places price

could have a reaction that might send

price back in my face I would just

monitor those levels to be honest to

look for evidence is that all they

wanted to do and it starts lading back

up so careful today and careful with

Longs

below all right I'll see my group on

Zoom here in just a little bit Stay

Green my friends and to learn more about

our group go to micr

trader.com