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Daily and Weekly trading plans for E-mini S&P 500 Futures (ES) that include accurate levels and market context. The plans are presented in a clear and concise format with visually appealing charts using my concepts of Smashlevels and Smashmodel Extremes.
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ES Daily Recap | May 12, 2023
The market continues to rotate around value as resistance was sold and support saw responsive buying activity.
Note how passive buyers absorbed and stalled the aggressive selling effort within the support area.
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Disclaimer: Futures and options trading involves a high level of risk, with the potential for substantial losses. The information provided in this newsletter is for informational purposes only and is not intended to be a trade recommendation. It is the responsibility of the reader to make their own investment decisions and they should seek the advice of a qualified securities professional before making any investments. The owners/authors of this newsletter are not certified as registered financial professionals or investment advisers.
ES Daily Recap | May 12, 2023
Once again, I have doubts about the seller's competence. A continuation of the Weak Low.
How do you define your Trade Dot thresholds for large lots ? Thanks for any feedback.
Have a nice weekend.