E-Mini S&P 500 Futures Detailed Review for Friday March 12, 2021

Today’s E-Mini S&P 500 futures (CME: ES, MES) detailed review.

Charts

Notes

Long at initial key support was a great opportunity for a quick push to initial key resistance. The test of initial key resistance was done to the tick and I was looking for a deeper push given yday's VPOC was at the high of the zone. The short at the 3924s was planned for. I was seeing weak buying off initial key support and sellers just rejected above the 3924s. It was working at first, then selling just dried up and buyers pushed price up off initial key support and I exited the trade with a small loss. I was then looking to short the back of initial key resistance, but when price got to that area I was seeing more aggressive buying (TICK and footprint) and given the upside scenario could now be in play, I was not interested in the short.