Monday Jun 30: Opening Bell Prep for Micros & Emini Futures Traders
Opening Remarks
Welcome to the Monday AM Briefing for June 30th, episode 460. It's the final trading day of the month and the quarter. Today, we’re coming into a market that has been extremely bullish. The theme is consistent: higher highs, higher lows — a relentless march north. The market structure continues to confirm strength, and we should position our mindset and strategy accordingly.
Market Sentiment and Trading Philosophy
The overarching sentiment today is bullish. We are in a strong uptrend, and any attempt to short into this strength must be approached cautiously. The speaker emphasizes the importance of patience and trading only when conditions meet your high-conviction criteria. “Are you okay missing a move or moves? You only need a slice of today's price action to meet your daily goal.”
We are not here to predict the market. The speaker warns against “prediction trading short” and the urge to be “the first one short.” There’s plenty of meat on the bone for second and third ladder entries. Let price action lead — follow the structure, not your opinion.
Essay Format Questions
- If you repeated this week 10 more times, what would you change?
Trading Strategy and Key Levels
Traders are warned: careful shorting strength. “The easiest path for price is to continue going to the north. Get short sellers all excited, get them short, rip their freaking face off — and that’s the trade I want to be in.”
We are encouraged to define our own setup: “What is that move? What is that trade? Sit back, wait for that trade to develop, map it out, and take it with confidence.”
Strong levels include 6115.25 and 1850. The bull/bear line is anchored at 5750. These are important markers for structure-based trading. Ideally, price pulls back into these levels to create long setups.
Glossary of Key Terms
- RTH High: High of the Regular Trading Hours session
- Asia Low: Lowest price from the Asian trading session
- PoC: Point of Control — the highest volume price of the day
The “Vomit” Trade and Laddering
The most desired trade entry today is a pullback into support. “I would love us to pull back into here, or even come back in deeper somewhere against this daily trend line. Get back above that bull bear line and give us a move — oh my goodness, I would love that.”
Laddering into entries is also discussed — gradually scaling into the position rather than entering all at once. This might be applied to bounces off the RTH high or any significant pullback.
"Be strong and courageous. Don’t be terrified or afraid of them. For it is the Lord your God who goes with you; He will not leave you or forsake you."
TRADER FAQ
Q: Why is shorting into strength discouraged in this market environment?
A: The current market is in a strong bullish trend with consistent higher highs and lows. Shorting prematurely can lead to getting caught in short squeezes, where price continues upward, causing losses.
Q: What’s the preferred trade entry strategy discussed in this briefing?
A: The preferred strategy involves waiting for a deep pullback into key support zones like the new week opening gap or Asia low, then entering long as price confirms reversal.
Q: What is the significance of the bull/bear line at 5750?
A: It’s a structural level used to distinguish between bullish and bearish conditions. Holding above it signals continuation of the trend, while falling below it may invalidate long setups.
ADDITIONAL LINKS:
- Day Traders Blog: Daily Market Commentary & Journal Prompts
- Official CME Micros Info – Contract Specs for MES, MNQ, M2K, and More
- CME Trading Simulator – Practice Futures Trading Risk-Free
- YouTube Community Tab – Updates, Polls & Trader Interaction
- AM BRIEFING Archive – Technical Recap for May 30, 2025
- Emini Trading Room – June 30 Key Market Levels for ES/MES
- MES Micros Blog – June 30 Opening Bell Prep Notes
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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