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
Futures traders are bracing for market volatility ahead of former President Trump’s address to Congress, following two consecutive high-range trading days. With earnings reports from major retailers such as Target and Best Buy adding to the mix, uncertainty looms over market direction. Analysts note that key support levels are being tested, with the potential for a sharp move lower toward the 5,550 range unless political developments shift sentiment. Traders are urged to remain cautious, as market swings could be amplified by news catalysts. RESOURCES:
TRANSCRIPT:
Welcome ES MES Futures Traders
Welcome to the AM briefing video presented by MicrosTrader.com, where together we trade better!
Good morning, everybody! Happy Tuesday, March 4th.
This Week's Scripture
"And be kind and compassionate to one another, forgiving one another, just as God also forgave you in Christ."
— Ephesians 4:32
Tip of the Day for Day Traders
We've had two back-to-back large-range days, so be careful with your trades.
Reminder: You are allowed not to trade if price action doesn't align with your strategy.
Price action is like music—when you walk into a house and hear a song you love, you feel at home. But if the music is not your style, you want to leave. Similarly, I prefer clean, clear, and well-developed levels for trading. If I don’t see them, it’s difficult to take a trade.
In our group, we follow the rule: No level, no trade. Period.
News Drivers
Not much on the news front today—the market seems to be waiting for tonight’s major event:
- 📢 Trump’s Address to Congress – His speech could influence market movements this evening.
We’ve had two consecutive large-range days, and with Trump speaking tonight, today might be a choppy, complex trading day.
Earnings Watch
It's Retail Earnings Week!
- 📊 Today’s Earnings Reports:
- Target
- Best Buy
- Ross
More retail earnings are expected throughout the week.
Yesterday's Market Review
In our Essentials Indicator, we use arrows to help identify trends:
- 🟢 Green Arrow → Consider long trades and hold longs.
- 🔴 Red Arrow → Consider short trades and hold shorts.
These indicators are off by default, but you can enable them in settings. I personally use them only for end-of-day analysis.
ATR Indicator & Stop Loss Strategy
Yesterday’s ATR (Average True Range) was 11.8.
Trading Tip: If ATR is too high, like yesterday’s 15-point candles, I prefer not to trade. My stop-loss threshold is six points or less, so trading in such conditions isn’t ideal.
Key takeaway: It’s okay NOT to trade if the setup isn’t right.
ES Chart – Where Are We Now?
We're still at the bottom of a high-timeframe range.
Trendlines & Market Structure
- We have a primary 30-minute trendline.
- The market went parabolic and adapted to new trendlines.
- I’m monitoring these trendlines for future reactions but not necessarily trading off them.
Single Prints Analysis
What are single prints?
These are price levels that were only traded once during a 30-minute session. They often act as support or resistance zones when revisited.
Final Thoughts & Trading Caution
We are at the bottom of a super high-timeframe range.
- 🔍 If we lose this level, we could see a significant move down toward 5,550 – 5,500.
- However, we must be careful—a single statement from Trump tonight could act as an elastic band, pulling the market back up.
Trade Smart & Stay Green!
To learn more about our trading group, visit MicrosTrader.com.
MORE INFORMATION:
- 🌐 Website: https://MicrosTrader.com
- 🎥 YouTube: https://www.youtube.com/@microstrader
- 📚 Free Foundations Course: https://academy.microstrader.com/foundations-dashboard/
SUMMARY:
- ✅ Two Large-Range Days & Trading Tip – The past two trading days have seen significant volatility. If price action isn't clear, it's okay not to trade.
- ✅ Trump's Speech & Market Impact – Tonight, Trump addresses Congress, which could trigger major market reactions. Today might be a choppy trading session.
- ✅ Retail Earnings in Focus – Companies like Target, Best Buy, and Ross are reporting earnings today, adding another layer of market volatility.
- ✅ Key Technical Levels & Indicators – ATR was 11.8, making it difficult to trade due to high volatility. Strong levels continue to guide trade decisions.
- ✅ Laddering & Market Outlook – The market is at a critical support zone. A breakdown could lead to 5,550 – 5,500, but Trump’s speech could also cause a snapback rally.
Wall Street Journal-Style Summary:
Futures traders are bracing for market volatility ahead of former President Trump’s address to Congress, following two consecutive high-range trading days. With earnings reports from major retailers such as Target and Best Buy adding to the mix, uncertainty looms over market direction. Analysts note that key support levels are being tested, with the potential for a sharp move lower toward the 5,550 range unless political developments shift sentiment. Traders are urged to remain cautious, as market swings could be amplified by news catalysts.
ADDITIONAL LINKS:
- 📖 Day Traders Blog – Insights and Market Analysis for Emini/Micro ES MES Traders
- 📊 CME Micros Info – Official CME Group Page on Micro Emini Equity Futures
- 🖥️ CME Trading Simulator – Practice Trading Futures with the CME Group Tool
- 💬 Community Tab – Engage with the MicrosTrader Emini Trading Community
- 🎥 AM BRIEFING Archive – Past AM Briefing Videos for ES MES Technical Analysis
- 📈 AM Briefing for Micros Scalping System – Key Levels and Trading Room Insights
- 🏆 Emini Trading Room – ES MES Futures Trading Key Levels and Tips
- 🎬 Rumble Futures Trading – Technical Analysis, Key Levels, and Scalping System
- 📢 YouTube Community Post – Latest Updates for the MicrosTrader Emini Trading Room
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