Tue ES MES Micros Technical Analysis 11/26/2024

Preparing ES Emini & MES Micros Traders
For Our Emini and Micros Futures Trading Room



Futures traders are encouraged to stay disciplined as Thanksgiving week unfolds, with a focus on protecting gains during volatile sessions. Key market levels, such as the London Low and Monday’s high, will guide trading decisions, while bullish control persists across indices. As the market edges closer to all-time highs, traders are advised to remain cautious, treating each day like Friday to avoid unnecessary risks. A free Zoom pass and Discord group access are available for those seeking live insights and collaboration within the trading room. RESOURCES:
            
▶️ Free "Futures Foundations Course"             
▶️ Membership Options      
▶️Youtube Community Updates             
▶️ Website for ES MES Trading Room (Back Up)


TRANSCRIPT:

Welcome ES and MES Futures Traders

Good morning, everyone! Happy Tuesday! Before we dive into today’s verse, I have a quick movie recommendation: "Paul, Apostle of Christ" starring Jim Caviezel from 2018. While every director adds their poetic touch, this film was beautifully made and an absolute joy to watch. If you have any movie recommendations for my wife and me—maybe something on Amazon Prime—please let me know!

Today’s Verse:

Keeping with the Thanksgiving theme, here’s a verse for reflection:

"Devote yourselves to prayer, being watchful and thankful." (Colossians 4:2)

This week is Thanksgiving, so I want to express my gratitude: thank you for listening, for showing up each day, and to my members—yes, you, my favorite YouTube watcher! Your support means a lot.

Briefing #312: ES and MES Futures Trading Room

We’re steadily climbing higher with briefing number 312 today. If you’re interested in joining us, I’m offering a free Zoom pass. Check the description or first comment for details, and gain limited access to our Discord group to communicate directly with me. Let’s dive into today’s highlights:

Tip of the Day:

Treat every day this week like it’s Friday. Thanksgiving is around the corner, so avoid taking unnecessary risks or suffering significant losses. Yesterday offered a fantastic range, and today might be similar, but remain cautious—protect your gains and mental clarity heading into the holiday.

News Drivers Today:

Be mindful of the following scheduled reports, which may influence market behavior:

  • 30 Minutes Post-Open: Consumer Confidence, New Home Sales, and the Richmond Manufacturing Index.

If you appreciate what we’re doing here, consider supporting the channel by checking out the TradingView special (link below). Like, subscribe, and share with fellow traders to spread the knowledge.

ES Chart Analysis:

I’ve updated the chart design to enhance clarity. Yesterday’s range played out beautifully, with the strong levels we discussed proving effective. Here are key points for today:

  • Critical Levels:
    • London Low: A pivotal level; dropping below this could signal a move downward.
    • Monday High: Watch for a potential breakout above this level.
    • Bull-Bear Line: Around 11:25 (yesterday’s midpoint)—a key indicator for bullish control.
  • Market Sentiment: Bulls are still in control across key indices, with upward-slanting VWAPs and a rejection of yesterday’s lows. However, the market could still test these levels. Keep an eye on synchronized movements with the NQ (NASDAQ futures), which are currently aligned with ES.

Strategy:

No trades yet for me today—I’ll wait for the chart to present a clear opportunity. Discipline is key. If you’d like to join us live, grab a free Zoom pass and access the Discord group. Let’s trade smart and stay green this holiday week!

Closing Note:

To learn more about our trading group, visit MicrosTrader.com. Thank you again for your support, and I look forward to connecting with you!

MORE INFORMATION:



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