Mon AM Briefing: Live Room Insights and Key Zones for ES & MES Futures

Mon AM Briefing: Live ES & MES Trade Prep for Our S&P Futures Trading Room

In Monday’s futures trading briefing, the presenter emphasized the value of planning trades ahead of time and revisited key price levels for the ES contract. Market context remains mixed, with price hovering around value zones and lacking a clear directional edge. With major economic events like PMI, Powell’s speech, and Friday’s Non-Farm Payroll on deck, traders were advised to approach setups cautiously. A live trade from Friday remains active, narrowly avoiding a stop and now targeting the top of the new week opening gap.
📚 RESOURCES
📄 TRANSCRIPT

Opening Remarks

Good morning everyone, and welcome to the AM briefing for Monday, the 2nd of June, episode number 441. This briefing is brought to you by MicroTrader.com—where together, we trade better.

"A thief comes only to steal and to kill and to destroy; I have come so that you may have life and have it in abundance."

Tip of the Day

Mapped-out trades work more consistently. In my experience, the best trades are those where I've planned ahead—identifying where I want to go long, where I might take a short, and then patiently waiting for those setups to develop. That’s part of why the battle plan I post each night includes bigger trade setups I believe are great engagement points.

Beige Book is a yellow event and may move the market like an orange-tier news release—note this for Wednesday.

News and Events This Week

This week’s major news drivers include:

  • Monday: PMI data 30 minutes after the open, and Fed Chair Powell speaks this afternoon.
  • Wednesday: The Beige Book—though technically yellow—often behaves like an orange event.
  • Friday: Non-Farm Payroll, the key macro event of the week.
  • Thursday: Pre-NFP behavior can distort price action and precede a long weekend.

AM Briefing Format

Just a reminder—version 6.2 of the levels was published last night. We do these AM briefings every Monday through Friday, 30 minutes before the market opens. Mental training starts 10 minutes before the bell. I’ll be live periodically throughout the week—be sure to like, subscribe, and hit the notification bell for alerts.

Foundations Course & Joining the Group

There’s a free Foundations Course available on my website—link is in the description. If you decide to join, like John did yesterday, make sure to earn your badges. You'll learn the first three primary bounce levels, how to plot them on an end-of-day chart, and uncover all the core strategy trades that are already on your chart. All of those are excellent trades.

Trade Review

As many of you know, I’m still holding my runner from Friday. I placed my stop strategically—six points behind a ladder point, and also 10 points behind the entry. It came really close to stopping me out last night. The overnight low was around 67, and my stop was at 65, so I’m still in the trade.

My plan is to let the trade run to the top of the new week opening gap. At that point, I’ll move my stop under the gap since the protection layers will be gone. If price gets there, I’ll lock in 40 points, and that would be a great outcome.

Battle Plan Review

Last night, we laid out a couple of battle plan trades, but neither fully developed yet. For one of them to trigger, we needed price to drop down to a certain level, ladder back up, and reclaim the Sunday open. We’re still struggling to get above that level. That said, we did have a nice flush and a solid reaction afterward. I believe we’re headed at minimum to the initial target area, and if price reaches that zone, I plan to move my stop and capture those 40 points.

Glossary of Key Terms

  • POC: Point of Control — the highest volume price of the session or week.
  • New Week Opening Gap: The price difference between Friday’s close and Sunday’s open.

Broader Market Context

Let’s take a look at what others are doing. Is everyone else stuck in slop and chop? Yes. Are we at the RTH halfback? Yes. Overnight halfback? Also yes for ES. We're not at a clean edge, so exercise caution if you're looking to take new trades.

Closing Remarks

I'll see my traders in 50 minutes for our mental training session at the top of the hour. Good luck with your trading today, and stay green, my friends.

To learn more about our group, visit MicroTrader.com.

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