Mon ES MES Micros Technical Analysis 12/16/2024

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



The trading week ahead holds significant events, including contract rollovers, option expirations, and FOMC meetings, which are expected to drive market volatility. Traders are advised to focus on risk management and leverage their systems for high-probability opportunities. Seasonality trends suggest a bullish outlook for the latter half of December, with ES and NQ leading market momentum. MicrosTrader.com offers valuable tools to refine strategies and navigate these dynamic market conditions. RESOURCES:
            
▶️ Free "Futures Foundations Course"             
▶️ Membership Options      
▶️Youtube Community Updates             
▶️ Website for ES MES Trading Room (Back Up)


TRANSCRIPT:

Welcome ES MES Futures Traders

Good Morning!

Happy Monday, December 16th! It’s an important week ahead with contract rollover week, option expiration week, FOMC meetings, and the last full week of trading for the month.

📖 Today's Verse for Encouragement

“Fear not, for I am with you; be not dismayed, for I am your God. I will strengthen you, yes, I will help you, I will uphold you with My righteous right hand.”

— Isaiah 41:10

What an encouraging promise to start the week!

AM Briefing #324

Welcome to AM Briefing #324 brought to you by MicrosTrader.com, where "together we trade better." Remember, there’s always another high-probability trade around the corner.

Tip of the Day

This week’s tip is a continuation from the weekend update and focuses on trading with confidence in your system.

  • Do you trade with fear? Worrying about potential losses can harm your decision-making.
  • Build faith in your system: Even if the first trade results in a loss, trust that another high-probability opportunity is just around the corner.
  • If you take a loss:
    • Journal it.
    • Screenshot and upload your trades to your trading journal.
    • Use the provided templates in your membership to streamline this process.

News Drivers for the Week

It’s a volatile week ahead with critical events:

  1. Contract Rollover Week:
    • By Tuesday, most traders will shift to the new contract. Adjust your levels accordingly.
    • Expect significant adjustments; I’ll likely share a video on how to handle these changes.
  2. Option Expiration (Thursday & Friday):
    • These days are historically challenging.
    • Thursday afternoon through Friday is what I call “level 10” trading conditions—wild and unpredictable.
  3. FOMC Meetings:
    • Expect market fireworks on Wednesday afternoon.
  4. Seasonality:
    • December’s second half trends upward.

Market Levels and Observations

  • ES Chart Overview:
    • We’re monitoring key levels, such as single prints at 6275 and the new week opening gap.
    • Currently, the market is consolidating within a range, and patience is key for a high-probability setup.
  • Key Trading Notes:
    • Wait for market clarity at the RTH (regular trading hours) session.
    • Longer trades remain favorable as we stay within the green zone, but proper liquidity grabs at lower ranges could offer the strongest opportunities.

Indices Overview

  • ES and NQ: Trading above halfback and a rising VWAP, signaling bullish momentum.
  • Dow and Russell: Lagging behind in the lower distribution with flat or downward-sloping VWAP.
  • Bull-Bear Line Scorecard:
    • Bulls have control: Positive session stacking, VWAP trends, and higher indices positioning.

Key Takeaways

  • Bulls are still in control and "innocent until proven guilty."
  • Stay patient, trade smart, and always look for the next high-probability opportunity.
  • To learn more about our trading group, visit MicrosTrader.com.

MORE INFORMATION:

Website: https://MicrosTrader.com
YouTube: https://www.youtube.com/@microstrader
Free Foundations Course: https://academy.microstrader.com/foundations-dashboard/

Keywords for Futures Day Traders:

ES Futures, MES Futures, contract rollover, option expiration, FOMC trading, high-probability trade, liquidity zones, VWAP, trading journal, seasonality trends, bull-bear line, indices positioning, trading levels, risk management, leverage metrics, single prints, RTH session.

SUMMARY:

  • ✅ Encouraging Start: Begin the week with Isaiah 41:10 for strength and optimism.
  • ✅ Critical Events: Focus on contract rollover, FOMC, and option expiration.
  • ✅ Trading Tip: Trust in your system and journal every trade for improvement.
  • ✅ Market Observations: Bulls have control, but patience is needed for optimal setups.
  • ✅ Resources: Visit MicrosTrader.com for more trading tools and insights.


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