ES & MES Futures Trading – Key Levels & Technical Tips Tuesday

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



Tuesday’s trading session opens amidst heightened anticipation ahead of key economic reports and remarks from Fed Chair Powell. MicrosTrader's AM Briefing emphasizes technical chart setups, recent trend line breaks, and the importance of key levels such as 5340. A financed long entry at 9750 offered strong potential despite resistance near overnight highs. Traders are advised to stay disciplined, respect support zones, and prepare for rapid shifts in market structure as the week unfolds. RESOURCES:
            
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TRANSCRIPT:

Morning Briefing – Tuesday, April 15th

Presented by MicrosTrader.com – Where together, we trade better.

Good morning everyone, and happy Tuesday! Today is April 15th – Tax Day in the United States.

✝️ Scripture of the Day:

"The righteous will live by faith." – Romans 1:17

Tip of the Day:

Follow your rules. Follow your rules. Follow your rules.
The first day you truly follow your rules, you too can take a victory lap!

News Drivers and Market Outlook

  • Tuesday, April 15th – Tax Day.
  • Wednesday – Retail Sales report and Fed Chair Powell speaks.
  • Thursday – Final trading day of the week due to Friday market closure.
  • Friday – Option expiration begins to influence markets.

This week is expected to move fast, with tighter trading windows. Today and tomorrow are looking like green trading days. After that, it might be a good time to enjoy a long weekend.

Market Review and Chart Analysis

Yesterday's Action:

We had an overnight trend line that grabbed liquidity, though it didn't offer strong long setups initially. Eventually, that trend line broke, a new one was established, and the bulls lost momentum. Bears started dribbling the ball as we monitored live on Zoom.

At a key support level, I commented:
"The bulls are putting up zero defense."
That’s when I went long at 9750.

As price action progressed:

  • I identified a new trend line after entering the trade.
  • My long entry was mapped and published live.
  • Although we didn’t reach the IB high or overnight high, the trade was a winner.

Trade Breakdown:

  • Entry: Long at 9750
  • Contracts: 3
  • Exits: 1 at +4 points, 1 at +10 points
  • Final Contract: A financed runner (FOMO tamer)

Although price didn’t hit my 100-point target, it was a solid financed trade.

Key Levels and Trade Planning

We're still inside yesterday's range—not bearish, but not bullish either. We are chopping through a multi-session range.

I’m still holding my long from 9750, with eyes on:

  • 5372 – Initial upward target.
  • 5340 – Major support level; a strong bounce zone.

If 5340 fails, expect further downside. If we break below and regain it, long opportunities reopen.

I’m not looking to short just yet unless price action calls for it. Right now, it's all about liquidity grabs and laddering back up.

Final Thoughts

This 5340 level has been magical—strong reactions and beautiful setups. If London sessions stack up again, and we move above key levels, I’ll look for new highs.

If you'd like to join us:

  • We trade live every morning on Zoom
  • Afternoon recaps and insights are posted in our private group
  • Join for just five bucks a day

Our goal is to keep you safe, onside, and profitable.

MORE INFORMATION:

Keywords:

Emini, Micro ES, MES, futures trading, day trading, trading strategy, market analysis, ES chart, live trading, price action, trade planning, trend lines, option expiration, trading levels, liquidity grabs, RTH high, IB high, long entry, trading education

SUMMARY:

  • ✅ Tax Day Trading Outlook
    Tuesday kicks off a volatile week with retail sales and Powell’s speech coming Wednesday and the final trading day on Thursday due to Friday’s market closure.
  • ✅ Trend Line Breaks & Trade Setups
    The market broke trend lines multiple times, signaling shifts between bulls and bears. A successful long was taken at 9750 with managed exits and a financed runner.
  • ✅ 5340 – A Key Support Level
    This level continues to serve as a reliable bounce point. Losing it could lead to a test of previous lows and major trend lines.
  • ✅ Choppy Range Conditions
    Markets remain inside yesterday’s range with no clear bullish or bearish bias. Multi-session chop is ongoing, suggesting caution.
  • ✅ Join the Trading Community
    Daily live Zoom sessions and afternoon updates for just $5/day. Perfect for those looking to improve their trading discipline and stay aligned with price action.


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