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

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



In Tuesday's episode of the AM Briefing, the host shared a reflection on prioritizing personal time before transitioning into a breakdown of recent market moves. He emphasized the risk of countering parabolic drops and reiterated the importance of sticking to high-probability setups. Monday's trading was characterized by a steep selloff and a lack of clean entry points, prompting caution. Looking ahead, traders are advised to be selective, recognize location within price ranges, and maintain discipline. RESOURCES:
            
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TRANSCRIPT:

AM Briefing – Tuesday, April 22nd (Episode #411)

Brought to you by MicrosTrader.com
"Where together, we trade better."

Opening Thoughts

Good morning, everyone!
Sorry I’m a little late—was spending some time with my wife, and in my opinion, wife time is more important than trading time. So, thanks for waiting!

If you’re looking for an ES/MES futures trading room, check us out at MicrosTrader.com. Now, let’s dive into today’s session.

This Week’s Scripture

“But if not, let it be known to you, O king, that we do not serve your gods, nor will we worship the gold image which you have set up.” – Daniel 3:18

We’re not bowing to false images. No, thank you!

Tip of the Day

Be cautious countering a parabolic move.
We’ll talk about this when reviewing yesterday’s price action. These moves are tricky and require patience.

Market Drivers

  • Tuesday's Economic News: Richmond Manufacturing Index
  • Political Watch: Trump is attending a swearing-in ceremony at the SEC. Nothing major, but as always—anything can happen. Keep your stops in place!

Price Action Recap: Monday

Sunday saw a gap down. I was eyeing a short, but nothing clean presented itself. I mentioned to the group that I wouldn’t consider a long until we flushed the low and reclaimed higher levels—never happened, so no longs.

Key support from last Wednesday was retested but didn’t produce the same strength this time. We opened with a Judah swing followed by a sharp drop. The move became parabolic—perfect time to step aside or hold shorts.

I did take one long, but it didn’t work out. That’s trading.

Trading Strategy Reflection

Monday was a "one and done" day for me. Made commissions, so I considered it break-even. My goal was to catch a short-covering rally, but I stuck to my plan.

On the 10-minute chart, strong levels performed well—exactly what we teach in our group.

Trend Lines & Strategy

Combining diagonal and horizontal resistance gave a decent counter-trade setup. As always, if you're counter-trading, drop the leverage.

Under the larger trend line? Bears are in control.

Trade Setups and Misses

We’re still inside our range. Last night’s high tapped the top perfectly. If price drops to 4888, that’s the next target I’m watching.

Ideal setup: price grabs overnight liquidity, sells off into the red zone, and offers a clean short opportunity.

Trade Location Matters

When in the red part of the range, look for shorts.
When in the green part, look for longs.

Don’t chase trades at the extremes. Know your location. That’s what we teach—trend and trade location are everything.

Final Thoughts

No core setups yesterday. A few minor opportunities, but once we were down 2–2.5%, it was too late to short.

I stuck to my system, didn’t chase. I’m excited for today’s trading. We’ll be live soon to map out trades and execute with our group.

See you at the top of the hour!

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