Thu ES MES Micros Technical Analysis 01/30/2025

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



Futures traders are navigating the post-FOMC landscape with a bullish bias as price action consolidates within key market levels. Despite early volatility, sentiment suggests an upward move, with key support at 4,475 and resistance near 4,494. While major indices align in an uptrend, the Dow’s underperformance hints at possible choppy conditions before a decisive breakout. Traders are urged to proceed cautiously ahead of PCE Friday, managing risk accordingly as the market digests economic data and earnings reports. RESOURCES:
            
▶️ Free "Futures Foundations Course"             
▶️ Membership Options      
▶️Youtube Community Updates             
▶️ Website for ES MES Trading Room (Back Up)


TRANSCRIPT:

Welcome ES & MES Futures Traders

Welcome to the AM briefing video, presented by MicrosTrader.com, where together we trade better.

Happy post-FOMC and the day before Friday!

This Week’s Scripture

"Therefore, since we also have such a large cloud of witnesses surrounding us, let us lay aside every weight and the sin that so easily ensnares us. Let us run with endurance the race that lies before us."

– Hebrews 12:1

An encouragement to be unwavering in your endurance.

Tip of the Day

FOMC trading was yesterday. How do you want to mark FOMC trading in your trade journal for next time?

  • Do you want to take the day off?
  • Can you watch price action and not press a button?
  • Is it a “one loss and I’m done” type of day?

Seriously, think about how you are going to record FOMC in your trade journal and incorporate it into your trade plan.

News Drivers

Today is the day after Tesla, Meta, Microsoft, and FOMC events. Historically, this day is often wilder than FOMC day, so proceed with caution. This is why it is marked as yellow on the risk scale.

Tomorrow is PCE Friday, and Friday rules will be in full effect this afternoon. Be sure to dial down your risk settings as we head into the session.

ES Chart – Where Are We At?

Let’s take a look at the chart.

I’ve decided to live stream next Tuesday, so if you’d like to check it out, you can grab a Zoom pass. You can purchase a day pass, a week pass, or get a free day pass when you register for the Foundations Course.

Key Market Structure:

  • The low from Friday fills the gap. Some may argue the close does, but either way, we have an unfilled gap above our heads.
  • We gapped down, had a big flush (vomit), and then a springboard rubber band reaction.
  • The RTH lows are stacking to the north, forming a bullish trendline.
  • Yesterday was an inside day, meaning price action is coiling up for an explosive move.

Which Direction?

  • Now that the FOMC uncertainty is out of the way, which direction will the market move?
  • Sentiment appears heavily favoring a move north, meaning the bulls are in control.
  • Be cautious shorting unless the bulls are proven guilty.
  • The best trading strategy is to align with the long side.

Key Levels to Watch

  • 4,475 – A strong level tested multiple times. If it breaks, expect a strong move to the downside, signaling that bulls have lost control.
  • 4,494 – Another major level, which was tested multiple times overnight before breaking.

Indices Check

Most indices are bullish, with VWAP sloping upward. The Dow is lagging, which might signal chop before a unified market move.

Bull-Bear Scorecard

  • Overnight Trendline: Bullish as long as we stay above Asia’s session low.
  • Session Stacking: Bullish, with the gap fill acting as a magnet.
  • VWAP: Above VWAP = Bullish.
  • Overnight Halfback: Above = Bullish.
  • Yesterday’s Range: Above = Bullish.
  • Indices: Most indices are bullish except for the Dow.
  • Bull-Bear Line: 4,467 – We are above it, meaning bulls have control.
  • Short Covering / Liquidation Risk? Neither—bulls are in control.

Final Thoughts

I wish you good luck trading today!

I look forward to trading live with my traders on Zoom, 30 minutes before the market opens.

Stay green, my friends!

To learn more about our group, visit MicrosTrader.com.

MORE INFORMATION:

SUMMARY:

  • ✅ FOMC Aftermath & Trade Journal Reflection: Traders should review and document their FOMC trading experience to refine future strategies.
  • ✅ Market News & Risk Management: The day after FOMC and major tech earnings adds volatility—caution is advised, especially before PCE Friday.
  • ✅ ES Chart Analysis & Bullish Bias: Bullish market structure with stacked RTH lows, an upward trendline, and key resistance/support levels to watch.
  • ✅ Indices & VWAP Trends: Most indices show upward momentum, but the Dow lags, hinting at potential chop before a broader market move.
  • ✅ Bull-Bear Scorecard & Key Takeaways: The market is firmly bullish based on overnight trendlines, VWAP, session stacking, and bull-bear levels.

ADDITIONAL LINKS:

🌎 LINKS:

MORE RESOURCES:






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