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

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



Traders started Tuesday with a cautious optimism, bracing for potential volatility ahead of Wednesday’s FOMC announcement. Key levels, including the 5600 bull-bear line and a potential drop to 5475, are in focus for directional bias. Despite Monday’s choppy session, several in the MicrosTrader group executed clean trades, proving the value of disciplined planning. As traders await a more actionable spot on the chart, today’s early session could offer prime setups before conditions worsen. RESOURCES:
            
▶️ Free "Futures Foundations Course"             
▶️ Membership Options      
▶️Youtube Community Updates


TRANSCRIPT:

AM Briefing – Tuesday, May 6

Episode #421
Brought to you by MicrosTrader.com – Where Together We Trade Better

📖 Scripture of the Week

"For we are His creation, created in Christ Jesus for good works, which God prepared ahead of time so that we should walk in them."
— Ephesians 2:10

✍️ Tip of the Day

Don’t try to sound smart or fancy. No need for $3 words—use the fewest syllables possible. Just write like you're talking to your middle school buddies. No teacher is grading your journal, and nobody’s judging your grammar. You just want to get your thoughts on paper, so keep it simple and authentic. Some people get a journal and suddenly think they need to be a poet or a scholar—don’t overthink it.

📅 Market News & Drivers – Tuesday, May 6

There’s no major news expected today, but tomorrow is the big day—FOMC (Federal Open Market Committee). That means this morning should be okay for trading, but the afternoon might get choppy.

We will be live on YouTube this morning—check the link in the description to join us. Afternoon trading may be rough, so proceed with caution.

📊 Chart Review & Market Commentary

Yesterday’s Review:
Yesterday was tough. I took one long trade, exited at break-even. Papy re-entered long and did well. Caleb caught a short, and in the afternoon Paul entered a long right at our recommended exit—the new week opening gap. Great execution all around.

Justin later shorted and rode it down successfully. All in all, a solid day for our group.

🔍 Current Market Setup

We may have hit a “toppy top,” which lined up with last week’s daily anchored VWAP. After hitting that level, the market pulled back, forming a lower high.

In last night’s battle plan, I highlighted the equal lows. Unfortunately, by the time price got there, I was asleep. This morning, we’re seeing a nice push downward.

Current Adjustments:

  • Updated to RTH high
  • Identified a likely gap down
  • Watching the 5475 level for a full reset
  • 5600 is the bull-bear line
  • Looking for either a flush and reclaim to go long, or a breakdown toward 5475 to get short

I’m on standby until we hit a more strategic spot on the chart.

🧭 Broader Market View

All major indices are under yesterday’s low and under VWAP. We’re trending down together. However, anything over 5600 still leans bullish in my opinion.

If we can grab liquidity below and rally back, we may re-test that daily anchored VWAP area. What happens here is key.

We’ll be live this morning on YouTube—join us to see how this unfolds and what trade opportunities arise. Remember, a single tweet can change the day.

🧠 Mental Training Reminder

In one hour, we’ll hold our mental training session in the group. Be there or be square. If you’re not joining us, best of luck in your trades today!

MORE INFORMATION:

🔑 Keywords for Futures Day Traders

FOMC, daily anchored VWAP, new week opening gap, RTH high, IB low, gap down, liquidity, bull-bear line, MES, E-mini S&P 500, market structure, trading plan, mental training, MicrosTrader, futures trading, ES levels, trade setups, equal lows, breakout strategy, price action

SUMMARY:

  • ✅ Scripture Emphasis: Highlighted Ephesians 2:10 to inspire purpose and discipline in both life and trading.
  • ✅ Trading Tip: Keep your journaling simple—write like you talk, not like you're publishing a novel.
  • ✅ Market Conditions: Today looks tradable in the morning; FOMC tomorrow could cause major market movement.
  • ✅ Trade Review: Several traders in the group made profitable trades, especially around key technical levels.
  • ✅ Chart Focus: Watching 5475 and 5600 for directional decisions, and expecting either a bounce or a flush.


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