ES MES Futures Trading: Key Levels, Tips, Technical Analysis. Tuesday "AM Briefing"
Preparing ES Emini & MES Micros Traders
For Our Emini and Micros Futures Trading Room
For Our Emini and Micros Futures Trading Room
As traders brace for tomorrow's CPI report, market movement remains cautious, with limited afternoon opportunities expected. Yesterday's session saw a rare double parabolic move, making counter-trading difficult. With contract rollovers scheduled for next week, experts advise smaller positions and patience. The key focus remains on ES and NQ, where resistance levels must be cleared for any sustained rally. Traders looking for real-time insights can join live Zoom sessions at MicrosTrader.com. RESOURCES:
TRANSCRIPT:
Welcome, ES MES Futures Traders!
Welcome to the AM Briefing Video, presented by MicrosTrader.com, where together we trade better.
Good Morning Traders!
Good morning, and happy Tuesday, March 11th—the day before the CPI report. We will be live 15 minutes before the announcement to watch the CPI candle together.
Today's Scripture
"Mankind, He has told you what is good and what it is the Lord requires of you: to act justly, to love faithfulness, and to walk humbly with your God."
— Micah 6:8
Tip of the Day: Trading Tips for Day Traders
Don't counter-trade a trend day. If you take one loss, be done. This prevents emotions from clouding your judgment.
If you recognize a trend day—like yesterday—and take a loss, walk away. Shut off your computer, take a break, and return another day. There’s always another high-probability trade around the corner.
News Drivers for Today
- JOLTS Job Openings – 30 minutes after the market opens.
- Green Trading Day? The afternoon may have limited opportunities as the market awaits CPI tomorrow.
- Live Stream Alert! We’ll be live 15 minutes before the CPI number to watch the candle form.
- Thursday Watch: Expect similar live coverage for PPI on Thursday.
Earnings to Watch
- Kohl’s
- Dick’s Sporting Goods
- Groupon – Still in business! Might be worth checking out today.
Yesterday's Market Review
Morning Prep & Schedule
- 30 minutes before market open: Mental training session.
- 15 minutes before market open: Daily trade setups and reminders.
Market Movement Recap
Yesterday’s overnight session showed a strong trend line followed by a parabolic move, then a double parabolic move.
ES Chart – Where Are We Now?
Contract Rollover Reminder
This is the last full week of the current contract. Next Tuesday, we roll over from H to M contracts. Trade smaller and more cautiously next week.
30-Minute Chart Insights
Yesterday’s move showed a double parabolic move, making counter-trading highly risky. If counter-trading, capture only 50% of the move and be precise.
ES Chart: Scenarios to Watch
Key Levels to Watch Today
- First step: ES needs to clear the halfback level and ladder higher.
- Short-Term Upside Target: Watch for a break above trendline resistance.
- Potential Downside: If we fail, expect a move to CPI lows before any significant bounce.
What to Expect Next
- If we break key resistance levels, I’ll consider a long position.
- If we reject at resistance, we could revisit CPI lows.
- We will map out trades live on Zoom with the team.
Join Us Live on Zoom!
Want a free Zoom pass? Take our free Foundations Course at MicrosTrader.com and get access to the live trading floor!
🚀 March Special: $10 Zoom Pass for any day of your choosing!
🎯 Trade smart, stay green, and I’ll see you live in the room.
MORE INFORMATION:
- Website: MicrosTrader.com
- YouTube: MicrosTrader YouTube Channel
- Free Foundations Course: Sign up here
SUMMARY:
- ✅ Pre-CPI Market Preparation: Limited afternoon movement expected ahead of tomorrow’s CPI release.
- ✅ Yesterday’s Parabolic Trend: Market saw a double parabolic move, making counter-trading risky.
- ✅ Contract Rollover Ahead: Traders will switch from the H to M contract next Tuesday.
- ✅ Current Market Outlook: ES must break resistance for a rally, while NQ remains weak.
- ✅ Live Trading & Education: Join live Zoom sessions or enroll in the free Foundations Course at MicrosTrader.com.
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