Wednesday AM Briefing For ES Emini and MES Futures Trading Room

 



https://www.youtube.com/watch?v=V8fkciGFdn4



TRANSCRIPT:

"Welcome to the AM briefing video presented by Microstrader.com where together we trade better. Good morning, and make no mistake about it, the Bulls are firmly in control. Look at what happened overnight. So, we flushed down really nice, taking back a set of single prints, and we are loading up. We have gone to the strong line, bounced, came over top, bounced off the top, and now we're all the way to the next strong level, which was the meat of this chop yesterday, and we are back in the meat of the chop, can you believe it? Now, the overnight session did take out these set of single prints, but it really doesn't count till RTH. But what I'm going to do is I'm going to move these guys over here, just out of the way, and just keep them as a note. So, I like to move levels to the right side when that happens. This area here, between the strong level and this afternoon high, is going to be the area of the most resistance, in my opinion. We start getting above there, I even added this note: careful with shorts above. If we take out this high here, it seems like we might hit the target that my eyeballs were on yesterday. What do I know? And if we get up over that all-time high, it becomes the next target, right? So, just sharing with you how a lot of these levels are marked. I even shared a couple 1-hour fair value gaps, which is not brain surgery or special science or anything. They're just levels. Why levels to me are information? They're typically session highs and lows and nuances on Market profile. So, where are we? We are back in chop, and in fact, if I take this tool here and say what is the POC, let's just take all of this, what's the POC for all of this? We're right here at it. We're right here at it. So, you are in the meat of the chop. You are at POC for 1, 2, 3, 4 RTH sessions. So, yeah, I was hoping that perhaps this push down would lead to us taking back the FOMC day. Here's the FOMC halfback 61. Down here is the FOMC halfback. We have eaten it up, came back in, and have basically taken back the entire end of the day. I'll be live on Zoom this morning if you'd like to join us. Get your Zoom pass at microstrader.com. Stay green, my friends, and to learn more about our group, go to microstrader.com."



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