Thu ES MES Micros Technical Analysis 02/06/2025

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



Traders braced for potential volatility Thursday as markets awaited Amazon's earnings report and the highly anticipated Non-Farm Payroll (NFP) data set for release Friday. With significant price swings in recent sessions, risk levels were elevated, leading many to adopt a cautious trading approach. Key technical levels, including the 67.75 support and trendline resistance, shaped trading decisions, while disciplined mental trading strategies were encouraged to avoid premature exits. As uncertainty loomed, traders in the E-mini S&P room prepared for a measured approach, emphasizing precision over speculation. RESOURCES:
            
▶️ Free "Futures Foundations Course"             
▶️ Membership Options      
▶️Youtube Community Updates             
▶️ Website for ES MES Trading Room (Back Up)


TRANSCRIPT:

AM Briefing Video – Presented by MicrosTrader.com

Together We Trade Better

Good Morning and Market Overview

Good morning! Happy Thursday, February 6th.

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

Psalm 37:4

Trading Tip of the Day

Today's trading tip comes from personal experience. If you're in a trade and you exit, I recommend continuing to mentally track that trade until it's fully completed. This practice helps with discipline and prevents impulsive counter-trades.

For example, if I'm long, I don’t start looking for shorts until that long play is fully resolved. Mentally staying in the trade using our system ensures better decision-making and avoids premature counter-trading.

Market Drivers and Key Events

Today is the day before the Non-Farm Payroll (NFP) report, which makes it a high-risk trading day. Given the current market conditions, it’s highly advisable to avoid trading today and tomorrow altogether.

  • Earnings Reports: Amazon reports earnings after the close today.
  • Potential Market Moves: With NFP tomorrow, today could be a slow, choppy, or even a reversal day.
  • Caution Levels: The market has experienced big swings recently, so risk management is critical.

Market Recap & Technical Analysis

Looking at yesterday’s session:

  • After a red-folder event, the market reclaimed a key level (39), and I looked for long opportunities.
  • I debated where to keep my final runner, and my gut instinct would have kept me in a major move. However, my stop got hit by just a tick or two.
  • Key level 67.25 was a major support, and the market defended it beautifully, rallying from there.

Currently, we are still above the 2025 opening price, which serves as an anchor point. The overnight session showed a strong rally after an initial drop.

Key Trading Levels to Watch

  • RTH High: A breakout above this level could signal further upside.
  • 67.75 Level: If the market pulls back, this could act as a key support area.
  • Trend Line Support: If price retraces to the trend line and finds support, a bounce is likely.

Trade Plan & Strategy

  • Long or Flat Bias: As long as price remains above key levels, the bias is long or flat.
  • Short Setups: No shorting unless the market breaks significant support levels.
  • London Session Impact: The London session provided an ideal entry opportunity, breaking Asia’s high, then dropping, and rebounding sharply.

Final Thoughts & News Reaction

As we approached the unemployment claims report, the market reaction was muted. Unemployment claims came in slightly higher than expected, but there was no significant market impact.

For those looking to trade live:

  • We conduct pre-market mental training 30 minutes before the market opens.
  • If you want to join, register for the free Foundations Course at MicrosTrader.com.
  • You can also purchase day, week, or three-month Zoom passes for access to the live trading room.

This is an E-mini S&P trading room, so if you trade exclusively NQ, it may not be the best fit.

MORE INFORMATION:

📌 Website: MicrosTrader.com

📌 YouTube: MicrosTrader YouTube Channel

📌 Free Foundations Course: Enroll Here

---

SUMMARY:

  • ✅ Mental Trade for Discipline: Even after exiting a trade, continue mentally tracking it to avoid premature counter-trading.
  • ✅ High-Risk Market Conditions: With NFP tomorrow and Amazon earnings today, risk is elevated, and trading is not recommended.
  • ✅ Key Technical Levels: The 67.75 level, trend line support, and RTH high are critical areas to monitor.
  • ✅ Long or Flat Bias: The market has remained bullish since reclaiming key levels, and shorting is not advisable unless major supports break.
  • ✅ Live Trading Room Access: Traders can join pre-market training and live trading sessions via free or paid Zoom passes at MicrosTrader.com.


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