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

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



In today’s AM briefing, episode #432, MicrosTrader reviewed recent price action and emphasized the discipline required to wait for valid setups. A trader's maturity was showcased through a case study involving chart feedback and training progression. Key takeaways include the importance of respecting liquidity grabs and identifying high-probability intraday levels. The bull/bear line at 5882.25 remains the focal point for potential setups as market structure evolves. RESOURCES:
            
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TRANSCRIPT:

AM Briefing – Wednesday, May 21st

Episode #432

Good morning, everybody! That wasn’t as smooth a transition as I wanted, but hey, good morning and welcome to the AM Briefing for Wednesday, May 21st—episode number 432. We're really racking them up!

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

A wonderful book to read. I do pray for my traders, and may we all be good stewards of the time, talents, and resources that God has given us. I pray that for you, too.

Tip of the Day: Trader Maturity

What’s a sign of trader maturity? There are many, but one clear sign is being able to say no to the chart.

Yesterday felt like a trader’s test. Could you say “no” to the chart? It's a good philosophy: Give me levels or give me nothing. If there's no level development, I’m not trading.

No news drivers are expected today. Tomorrow has unemployment and PMI, but not much else on the calendar this week or next. So, we’ll just trade the levels as they develop—if they develop.

Chart Review and Trader Development

Let’s talk about chart work and the importance of structured learning. I want to highlight an experience shared by Dan—thanks, Dan, for letting me share.

Dan was working on the first bounce level and submitted a chart. I gave him feedback, and he responded, "Thanks for the feedback, George. I’ll work on it and submit again tonight." On his second attempt, he received more feedback, including additional markings and further instruction.

As he progressed through the training, we discussed more advanced elements like the testing rule. He responded with:

"Thanks again, George. I'm going to spend more time with the videos and charts and will submit another attempt this weekend when it clicks more."

I didn’t pass him just because he submitted a chart. I told him, “You’re almost there. Let’s get this dialed in.” He knew when he passed—it was clear. He kept submitting and improving.

Finally, I told him, “You passed. You’ll still refine things, and your vision will improve.” Dan responded:

"Thanks so much, George. I’m making it my daily homework to review the previous day’s action. I’ll move on to front sides tonight."

That dedication is exactly why we offer boot camp training and badge evaluations. You receive feedback, mentorship, and growth opportunities—not just videos and “good luck.”

Battle Plan & Price Action Recap

Yesterday's battle plan involved a short entry. I was stopped out by a wick—disappointing, and I should’ve placed my stop above the key level. Still, the plan was to look for a ladder back if price reached a certain zone, and it played out reasonably well.

Last night, I went long, hoping to catch a continuation pattern. We are still in the bulls’ court, above the bull/bear line, though perhaps the bears have control on the bulls’ side of the court. I was looking for a deeper entry (highlighted in green), but it didn’t quite reach my level.

Session Levels and Overnight Review

Yesterday’s level development was horrible—another reason to say “no” to the chart. Later, we got a sharp move (a "vomit"), and I attempted a long, but it didn't do much. I probably shouldn’t have traded during that timeframe.

Overnight action was cleaner and more organized. I posted some morning homework in our group—go check it out. We took Monday’s Initial Balance (IB) low, ran back up strongly, ignoring every resistance level.

Lesson of the Day:

When there’s an RTH (Regular Trading Hours) liquidity grab followed by a return into the range, don’t counter it. Don’t short it. Price often drops to find buyers, then rallies sharply.

I wanted to go long on a recapture/retest of a key level, but it didn’t offer the setup. That’s trading—sometimes the trade just doesn’t form.

Trendline Behavior and Key Levels

We're now confidently back inside Monday’s range and above the bottom of the high timeframe range. Ideally, I’d like to see a move down to the bull/bear line and then a bullish reaction. We’ll be trading this live in one hour.

Before that, we’ll have our mental training session. I was making sourdough pancakes this morning and didn’t update the levels last night because I was exhausted and in bed by 7:30 PM.

Looking at yesterday’s levels, all halfbacks were aligned—bad news for the bulls. Despite being in bulls’ court, we are clearly in a descending (lading down) trend.

Let’s review the trendline. Repeatedly, price has bumped into this trendline and failed to break through. Overnight offered great shorting opportunities if you were awake and ready.

Watchlist & Final Thoughts

Today, my eyes are on the bull/bear line: 5882.25. That’s my key level. If price returns here, I want to see a reaction or potential vomit day. That’s the plan.

I'll be logging off now. I'm probably over my time limit. Wishing you the best of luck trading today. I’m excited to join my traders for mental training live in 20 minutes.

Stay green, my friends.

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

MORE INFORMATION:

KEYWORDS:

futures trading, E-mini, MES, Micro ES, day trading, market profile, trading levels, liquidity grab, bull bear line, front side levels, bounce levels, RTH trading, trading psychology, battle plan, market structure, ES futures, trader boot camp, order flow analysis, technical analysis, scalp trading, trendline trading

SUMMARY:

  • ✅ Trader Maturity Tip: Saying "no" to a poor chart setup is a key mark of trader maturity.
  • ✅ Structured Learning Works: Dan’s journey highlights the effectiveness of feedback-based chart training in the boot camp.
  • ✅ Battle Plan Execution: Despite some early misfires, the chart structure confirmed prior projections with strong directional moves.
  • ✅ Key Market Lesson: Don’t counter a liquidity grab that re-enters range—it’s likely to rip against your position.
  • ✅ Bull/Bear Line in Focus: Today’s watch level is 5882.25, which may provide a strong intraday setup depending on market behavior.

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