Mon ES MES Micros Technical Analysis 02/03/2025

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



This week's trading landscape is shaped by a substantial overnight gap down in the ES futures market, prompting caution among traders. Key economic events include major earnings reports from AMD and Amazon, along with multiple FOMC speakers and crucial employment data. A new lesson on limit up and limit down rules has been introduced in the MicrosTrader Foundations Course to help traders navigate volatile conditions. As the week progresses, traders are urged to plan ahead for Non-Farm Payroll day, ensuring disciplined risk management strategies. RESOURCES:
            
▶️ Free "Futures Foundations Course"             
▶️ Membership Options      
▶️Youtube Community Updates             
▶️ Website for ES MES Trading Room (Back Up)


TRANSCRIPT:

Welcome ES MES Futures Traders

Morning Briefing & Weekly Verse

Good morning, traders! Welcome to the AM Briefing video presented by MicrosTrader.com, where together we trade better.

This week’s fresh verse is:

Psalm 37:4

"Take delight in the Lord, and He will give you your heart’s desire."

At first glance, this verse may seem like God is promising to give us anything we want. However, the true meaning is deeper—if we genuinely delight in the Lord, our desires will align with His will. This verse is not about God granting every personal wish but about transforming our hearts so that our desires match His purpose. Life is not about God following our plan or giving us whatever we want; it is about us conforming to His will. In that, we find true fulfillment.

Weekly Reminders

  • Live on YouTube Tomorrow: If you’d like to join, register for the Free Foundations Course to receive a free Zoom pass.
  • New Lesson Added: A new lesson was added to the Foundations Course yesterday, which we will discuss soon.
  • No Live Session on Wednesday: Last week was the FOMC meeting, so no live session this Wednesday.
  • Earn Your Badges: New members should focus on completing training, including learning three bounce levels and creating end-of-day charts to reinforce trading strategies. I will personally review your work via text or video.

If you like what we’re doing, please like, subscribe, and leave a comment!

Tip of the Week for Futures Traders

Limit Down Rules – This is part of the new lesson in the Foundations Course. I will highlight this later when we get to the charts.

News Drivers & Market Events

This week includes significant earnings reports, including AMD and Amazon. You can check out more via Earnings Whisper on Twitter.

We also have multiple FOMC speakers throughout the week. Today (Monday), key news drivers include:

  • 15 minutes after market open
  • 30 minutes after market open
  • PMI data (Tuesday)
  • JOLTS Report (Wednesday)
  • PMI & ADP Employment Report (Thursday)
  • Unemployment Claims (Thursday)

Non-Farm Payroll (NFP) Considerations

Thursday is the day before Non-Farm Payroll (NFP), so it’s essential to plan your trades. Ask yourself:

  • Will you trade on Thursday?
  • Will you adjust your daily loss limit?
  • Are you taking a four-day weekend?
  • What is your strategy for Friday’s NFP report?

It’s crucial to plan ahead instead of making emotional decisions later in the week.

New Lesson: Limit Up & Limit Down Rules

This weekend, before the market opened, I thought it would be a great time to review limit up and limit down rules. So, I created a free lesson in the Foundations Course covering this topic.

If you’d like access, head over to MicrosTrader.com and register for the free Foundations Course.

TradingView Leap Competition

The TradingView Leap Competition starts this month! Some traders and I are participating, and I’ll be focusing on improving my execution this time around. If you're joining, make sure to stay disciplined with your trades.

ES Chart Analysis: Market Reaction & Trade Plan

Overnight, we took out last week's low at the market open. Initially, I entered a long position expecting a bounce, but instead, we saw a massive 100-point drop before recovering at a strong level.

Key Observations:

  • Strong Levels Updated (2.3 - Today’s Date)
  • The gap down was one of the largest in recent memory.
  • Today is a day to be very picky with trades—patience is key.

Trade Setup Scenario

I'm watching for:

  1. A push higher to fill the final gap at 5909.
  2. A strong level reclaim for a long entry.
  3. Confirmation of the reversal before committing to trades.

This could be an incredible trading day if executed correctly.

Final Thoughts

Trade carefully today—these kinds of gaps can lead to high volatility. If you’d like to trade live with us, grab a free Zoom pass and join our session. We go live 30 minutes before the market opens every day.

Stay disciplined, trade safe, and I’ll see you live!

Stay green, my friends!

MORE INFORMATION:

SUMMARY:

  • ✅ Weekly Verse Insight: Psalm 37:4 reminds us that true fulfillment comes from aligning our desires with God’s will, not expecting Him to grant all personal wishes.
  • ✅ Key Trading Events: This week includes earnings from AMD & Amazon, multiple FOMC speakers, and critical economic data like PMI, JOLTS, and Non-Farm Payroll.
  • ✅ New Trading Lesson: A free Foundations Course lesson covering limit up and limit down rules is now available at MicrosTrader.com.
  • ✅ Market Analysis & Trade Plan: A huge overnight gap down occurred, making today a day for high selectivity in trades.
  • ✅ Join the Live Trading Room: Register for a free Zoom pass via the Foundations Course to trade live.


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