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

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



In Monday’s AM Briefing, traders were urged to maintain discipline and avoid bias amid market fluctuations and credit downgrade headlines. Despite last week's parabolic breakdowns, bullish control persists, with no full reversal confirmed. Technical levels like 5923 remain critical as the market reacts to back-tests and gaps. The community is encouraged to stay consistent with charting, review key levels, and trade the setups as they unfold. RESOURCES:
            
▶️ Free "Futures Foundations Course"             
▶️ Membership Options      
▶️Youtube Community Updates


TRANSCRIPT:

AM Briefing – Episode #430

Monday, May 17th | Brought to you by MicrosTrader.com

Good morning, everybody! Happy Monday and welcome to Episode #430 of the AM Briefing, brought to you by MicrosTrader.com—where together, we trade better. We're coming to you from the E-mini and Micro ES (MES) Futures Trading Room, so let’s dive right in.

Scripture of the Week

“Therefore, confess your sins to one another and pray for one another, so that you may be healed. The urgent request of a righteous person is very powerful in its effect.” – James 5:16

I love the book of James, and this verse is powerful. It's comforting to know someone is praying for you. For us, it's part of our daily morning routine. If you're watching this AM Briefing, know that you're being prayed for.

Tip of the Day

The more end-of-the-day charts you complete, the more journals you write, and the more trade tickets you fill out (or "will out," if needed), the better you will become as a trader.

Remember: Your edge is not your strategy; your edge is the trader you are becoming.

Market News Drivers

This week is light on major news. However, if you pull up your economic calendar, you’ll notice FOMC speakers are scheduled all week long. Next week brings the PCE report, so we may be setting up for a green week ahead.

Monday Routine & Free Resources

Just a quick Monday reminder—we host the AM Briefing Monday through Friday, and 30 minutes before the market opens, we conduct mental training with our members. We also go through our daily trade reminders and map out the day.

Don't forget: Our Foundations Course is 100% free—no email required, no strings attached.

  • Three primary bounce levels for price action
  • How to build an end-of-day chart
  • How to submit your charts for feedback and earn your badge

Market Review and Technical Levels

We've been climbing back since "Tariff Liberation Day" with several parabolic runs and breaks. Overnight, we back-tested the 2025 opening price and filled the maintenance session gap. Key technical takeaways include:

  • Don't assume trendline breaks equal reversals
  • Only one daily low taken out so far
  • Key level at 5923 to watch for long setups

Be Cautious With Bias

Not all indices are aligned—Dow remains within Friday’s range, unlike ES and NQ. Avoid assuming we’re heading limit-down without confirmation. Focus on trading level-to-level without bias.

Final Thoughts

Friday's credit downgrade simply aligns all three bureaus. Bulls still hold control above the bull/bear line. Let the market develop and trade what’s in front of you.

MORE INFORMATION:

Website: https://MicrosTrader.com
YouTube: https://www.youtube.com/@microstrader
Free Foundations Course: https://academy.microstrader.com/foundations-dashboard/



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