Wed ES MES Micros Technical Analysis 12/18/2024

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



On December 18th, traders prepare for a pivotal FOMC trading session with bullish momentum leading the overnight markets. The morning briefing highlights strategies for navigating range-bound conditions and the importance of year-end reflections for personal and professional growth. Yesterday's price action validated the bull/bear line, with traders emphasizing patience amidst elevated risks. As volatility rises, disciplined execution and mental preparation are key to sustaining profitability in this challenging environment. RESOURCES:
            
▶️ Free "Futures Foundations Course"             
▶️ Membership Options      
▶️Youtube Community Updates             
▶️ Website for ES MES Trading Room (Back Up)


TRANSCRIPT:

Good Morning Everybody!

Happy FOMC Day! Today is Wednesday, December 18th, and we’re diving into another trading day. Let’s begin with today’s Bible verse:

"Flee also from youthful lusts; but pursue righteousness, faith, love, and peace with those who call on the Lord out of a pure heart. But avoid foolish and ignorant disputes, knowing that they generate strife."

– 2 Timothy 2:22-23

Welcome to the AM Briefing

This is briefing number 326, brought to you by MicrosTrader.com—where we trade better together.

Tip of the Day:

Prepare for your end-of-year wrap-up journal entry. Reflect on the year’s lessons:

  • What were your biggest takeaways?
  • What will you never do again?
  • What do you need to start or stop doing to progress as a trader and as a person?

Start brainstorming and document your journey. Let this year’s journal entry reflect your growth and set the stage for your future success.

News Drivers and Market Analysis

Today’s FOMC morning session tends to be quieter, but the afternoon and the remainder of the week will see elevated trading activity. Be cautious and tread carefully.

Key Insights from Yesterday:

  • Bull/Bear Line: Longs were viable above this level, while shorts worked below. However, trading near the overall range was challenging.
  • Range Rules: These typically outweigh other rules, so understanding the context is crucial.
  • IB High/Low: Price action followed predictions, hitting the IB High after establishing the low. Despite missing an ideal entry by a couple of ticks, following price action proved valuable.

Overnight Session:

The Bulls remain firmly in control:

  • Price Movement: Took out the low, high, and even overnight highs, demonstrating strong bullish aggression.
  • High Time Frame: The Bulls dominate, while the middle and low time frames are stuck in a range.
  • VWAP Analysis: The VWAP shows an upward slant with price above, confirming bullish momentum.

Current Trading Context:

  • Avoid trading in the gray area (middle of the range). Wait for price action near stronger levels like the bull/bear line or VWAP.
  • Maintain cautious and calculated risk, especially on FOMC days when volatility can spike.

Final Thoughts

Bulls are innocent until proven guilty. The overnight session, coupled with key indicators, shows strong bullish control. For traders, staying disciplined, waiting for ideal setups, and managing risk is essential.

To learn more about our trading group and mental training sessions, visit MicrosTrader.com. Let’s continue building trading discipline together. Stay green, my friends!

MORE INFORMATION:

Keywords:

Futures trading, FOMC day, day trading strategies, Micros ES, MES trading, VWAP analysis, bull bear line, range trading, end-of-year trading journal, market analysis, liquidity grab.

SUMMARY:

  • ✅ Bible Verse Reflection: A reminder to pursue righteousness and avoid strife through faith and love.
  • ✅ Market Update: FOMC days require caution, with the Bulls showing strong control in overnight and higher time frames.
  • ✅ Lessons from Yesterday: The bull/bear line was effective, but range rules took precedence in guiding trades.
  • ✅ Trading Tip: Begin your end-of-year journal entry to reflect on lessons and growth as a trader and individual.
  • ✅ Trading Caution: FOMC afternoons require heightened awareness due to elevated volatility risks.


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