Tue ES MES Micros Technical Analysis 01/28/2025

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



Coming off a dramatic 185-point overnight selloff, Tuesday's market promises more volatility ahead of the FOMC meeting and major earnings reports. Trading discussions focus on Bulls maintaining control, confirmed by strong defense of key levels and an upward bias in ES charts. Today’s economic indicators, including Consumer Confidence and the Richmond Manufacturing Index, will set the tone for pre-market activity. MicrosTrader.com offers a live YouTube session 15 minutes before the market opens, inviting traders to join their strategic discussions. RESOURCES:
            
▶️ Free "Futures Foundations Course"             
▶️ Membership Options      
▶️Youtube Community Updates             
▶️ Website for ES MES Trading Room (Back Up)


TRANSCRIPT:

Welcome to the AM Briefing Video

Presented by MicrosTrader.com – Where Together We Trade Better

Good Morning and Happy Tuesday!

Today is January 2nd, the day before the FOMC meeting and some major earnings releases. We’re coming off a massive 185-point overnight selloff, followed by most of the day spent in a 25-point range. What could today bring?

Scripture of the Week: Hebrews 12:1

"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."

This is an encouraging reminder to approach life and trading with unwavering endurance.

Live Trading on YouTube

15 minutes before the market opens, we’ll go live on YouTube! Come join us to trade together – it’s like getting a free Zoom pass. To grab your free Zoom pass, visit MicrosTrader.com and click on the Zoom Tip of the Day.

Tip of the Day: Bulls Defended Again

Yesterday’s theme was all about the Bulls defending again. How often do we hear that phrase compared to "Bears defended"? Yesterday, we saw consistent defense of certain levels, confirming that we’re in a bull market.

News Drivers for Today

  • Consumer Confidence and Richmond Manufacturing Index reports.
  • Tomorrow: Big names like Tesla, Meta, and Microsoft report earnings, along with the highly anticipated Federal Funds Rate, FOMC statement, and the press conference.

Yesterday’s Price Action Review

We traded between two strong levels, and I attempted two longs:

  • First Long: At 1775, but I got wiggled out too quickly.
  • Second Long: Near a breakout attempt after a strong 30-point candle.

Neither trade played out as hoped. In the afternoon, I refrained from trading within the same strong levels, waiting for a new development that never materialized.

Overnight Action

Toward the end of the session, we broke out of the high and gapped up. Price action became volatile, bouncing between strong levels before breaking out and running to the next strong resistance. Currently, we’re hovering near the upper level, with ES showing an upward-slanting VWAP, while NQ has dropped under its VWAP.

Index Overview

Most indices are in upper distribution, stacking sessions to the north:

  • ES and NQ: Bullish and trending higher.
  • Dow: Also stacking to the north.
  • Russell: Less significant today.

Outlook and Strategy

Despite the 185-point overnight drop yesterday, the play remains long or flat. The Bulls are firmly in control, with strong break levels stacking upward on the charts. No trades for me during the Asian session due to unfavorable price action.

We’ll update the charts live on YouTube 15 minutes before the market opens.

Stay Green, My Friends!

For more about our trading group, visit MicrosTrader.com.

MORE INFORMATION:

Keywords for Futures Day Traders:

bull market, price action, breakout levels, ES chart, VWAP, indices overview, strong levels, news drivers, FOMC, consumer confidence, earnings reports, MicrosTrader, day trading strategy, support and resistance, trade setup, market analysis, trading group.

Summary:

  • ✅ Morning Briefing: Overview of key events, including yesterday's 185-point selloff and today's news drivers like Consumer Confidence and Richmond Manufacturing Index.
  • ✅ Scripture of the Week: Hebrews 12:1 encourages perseverance in both life and trading.
  • ✅ Trading Insights: Bulls remain in control, with upward movement and strong break levels stacking on the charts.
  • ✅ Live Trading Session: Join the live YouTube session 15 minutes before the market opens for collaborative trading and analysis.
  • ✅ Strategy: Maintain a long or flat approach as the bull market continues to show strength.


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