Mon ES MES Micros Technical Analysis 12/30/2024

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



As markets open on December 30th, traders navigate significant price action influenced by year-end conditions and potential closures due to a national day of mourning for President Carter. The morning briefing emphasized the importance of prioritizing structure and discipline, particularly when price fails to respect established levels. With critical economic data, including Chicago PMI and Pending Home Sales, on the horizon, traders are advised to stay patient and deliberate. Community members are encouraged to join MicrosTrader.com for resources and support in navigating these challenging market conditions. RESOURCES:
            
▶️ Free "Futures Foundations Course"             
▶️ Membership Options      
▶️Youtube Community Updates             
▶️ Website for ES MES Trading Room (Back Up)


TRANSCRIPT:

Good Morning and Happy Monday, December 30th!

Praise to the Lord

"Since then you have been raised with Christ, set your hearts on things above, where Christ is seated at the right hand of God."

This verse reminds us to keep our hearts and minds focused on the heavenly and eternal, rather than the temporal. It’s crucial to start with this perspective as we move into the new year. Prioritize faith and family first—trading is important but comes after these foundational priorities.

Welcome to the A.M. Briefing #333

This morning’s session is brought to you by MicrosTrader.com, where we trade together to achieve better results. If you’re looking for a supportive group of traders focusing on the ES and MES charts, check us out at MicrosTrader.com.

Tip of the Day

Price Not Respecting Levels? Don’t Trade.

The inspiration for this tip came after reviewing the charts this morning. If price action isn’t respecting key levels, step back. Trading without structure is a recipe for mistakes.

News Drivers Today

  • 15 Minutes After the Opening: Chicago PMI data.
  • 30 Minutes After the Opening: Pending Home Sales.

We’ll have countdown timers for these events, so stay alert.

Strong Levels and Market Observations

Yesterday, I published new strong levels for the market, identifying the bull/bear line as a key zone. Price action overnight reinforced the importance of these levels. For example, the area around 1940 appears to be a significant destination. If we see price fail to respect levels along the path, that indicates no trade opportunities.

My strategy for today will be to wait for structure to develop:

  • Focus on the market getting back above the strong level, potentially signaling a long trade.
  • Watch for price to respect or bounce off levels before making any moves.

Key Reminders for Today

  1. End of the month and year can bring irregular market movements.
  2. With the national day of mourning for President Carter, expect possible market closures or reduced trading days this week.
  3. Be cautious—do you really need to trade today?

Personally, my DOM is open, but I’m staying patient. I’ll watch for opportunities while keeping expectations low.

Final Thoughts

Stay green, my friends! Remember, patience is key in trading. For more information about our trading group and insights, visit MicrosTrader.com.

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