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

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



On OPEX Friday, traders were advised to proceed with caution, as market behavior typically becomes choppy and unpredictable. The focal level of 83 served as the critical pivot point for intraday decisions, with a longer-term magnet at the 2025 opening price. Emphasizing logic over emotional bias, the host encouraged discipline and adherence to core trading strategies. As bulls maintained control, traders were reminded to resist the urge to short in a clear uptrend. RESOURCES:
            
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TRANSCRIPT:

AM Briefing – OPEX Friday, May 16 (Episode #429)

Welcome to the AM Briefing
Good morning, everybody! Welcome to the AM Briefing on this OPEX Friday, May 16, episode number 429—brought to you by MicrosTrader.com, where together we trade better.

Scripture of the Week

Joel 2:13
"Tear your hearts not just your clothes and return to the Lord your God, for he is gracious and compassionate, slow to anger, rich in faithful love, and he relents from sending disaster."

Tip of the Day

If you want something badly enough—if you desire it with certainty—you'll find yourself staring at charts until you see what you want. But be careful: staring long enough can justify any bias. Instead, think logically. That’s today’s theme and a key part of yesterday’s review.

OPEX Friday Commentary

It’s OPEX Friday. And that means Friday rules are in full force—especially the rule of not trading on OPEX Friday. It’s a three-day weekend every third Friday of the month, so you don’t have to trade today. Ask yourself: why put yourself through unnecessary stress?

We will be live on Zoom, but the chart has to make me trade. Historically, OPEX Fridays are sloppy—often chopping around, taking out highs and lows, and ending at the point of control (POC). But as always, we will trade what’s in front of us, not our wishes.

Looking Ahead to Next Week

Next week looks light, potentially filled with green days, in my humble opinion.

Reviewing Yesterday’s Action

Before we look at today’s chart, let’s revisit one minute of yesterday’s AM Briefing. This gives us the context needed to review yesterday’s price action.

We saw a strong level get rejected on a 30-minute chart after multiple attempts. I expected a pullback—it didn’t happen right away, but I still believe we need more downside to attract buyers and re-enter the high time frame range, targeting the 2025 opening price.

A new trend line drawn from yesterday’s high might prove critical. Until broken, I would honor it, with a potential back-test as a great trade opportunity.

Intra-Day Commentary and Trade Review

I had a doctor’s appointment and couldn’t join live Zoom, but I stayed active via comments throughout the day. I was proud to see traders helping and congratulating each other. That’s the power of community.

I shared my entry from the 83 level with a small stop. I exited with six points due to my appointment, though I missed a 50-pointer by not playing perfect chess. Scott humorously said, “Watch George go to his appointment and come back with a 50-pointer.” Not quite, but close!

Key advice included using the 83 level as your bull/bear line. Longs above, shorts under. Around that time, we were still above the opening and VWAP, so bulls were in control.

Despite a desire for a “massive vomit day,” logic must prevail—even if it defies your expectations. Since the overnight low, price was laddering up. Many hoped for downside, but the bulls were in control. As often happens, they don’t seek RTH liquidity—they just keep climbing.

Overnight Review & Strategy

Last night I went live, calling out a trade to revisit the POC. It played out a bit later, but the trade idea remained sound.

Today, we are sitting at the 2025 opening price—the yearly bull/bear line—on OPEX Friday. What’s going to happen?

If we ladder above this level and hold it, you should not be shorting.

Critical Trading Mindset Advice

When can you short an uptrend? The real answer? Never.

Shorting is the most addictive drug in trading. Traders chase that adrenaline rush, disregarding the structure in front of them. I’ve been there. But I had to rewire my brain: think logically, focus on the trend, and ignore personal bias.

Forget your wishful numbers—trade the actual structure as it develops.

Yesterday, one of my traders said he was confused by conflicting analysis. I told him to focus on the core strategies taught in our academy. Trade them without bias. That’s the key.

Final Words

Wishing you a great trading day. I’ll see my traders live 30 minutes before the market opens. Stay green, my friends.

To learn more about our group, visit: MicrosTrader.com

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