E-Mini S&P 500 Futures Detailed Review for Thursday March 25, 2021

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

Charts

Notes

  • The short at the top of initial key support + yday's low was planned.
  • The long at good support was as well. We were expecting sellers to push through the zone first, but order-flow showed selling drying up (pace and size) and so it was worth a long.
  • The long flip of initial key support was at the 24-hr midpoint and nearing the RTH midpoint as well as just below the day's VPOC and at the back of the zone... all of that was enough confluence for me to enter a long with small risk. The pre-market breakdown called for buying pressure on a failed breakdown and that is what happened.
  • The failed breakdown and push up was not to be faded. Larger timeframes were involved and they don't care about small, insignificant s/r.