Pre-Bell Futures Day Trading Strategy – 25 Nov 2024
1. ES=F (E-Mini S&P 500 Futures)
Market Overview:
Current Price: 6027.25
Change: +40.25 points (upward momentum).
Volume: 164,095 (increasing liquidity).
Technical Analysis:
Resistance: 6032 (day’s high so far).
Support: 6005 (day’s low and key psychological level).
Trend: Mild bullish; RSI hovering near overbought.
Strategy:
Bullish Scenario: Buy if price breaks above 6032. Target 6050; stop at 6015.
Bearish Scenario: Sell below 6005. Target 5985; stop at 6020.
Trade Rating: High (70% success probability).
2. NQ=F (E-Mini NASDAQ Futures)
Market Overview:
Current Price: 21,003.5
Change: +153.75 points (strong bullish momentum).
Volume: 81,465 (active but slightly lower than ES=F).
Technical Analysis:
Resistance: 21,027.
Support: 20,935.
Trend: Bullish; tech sector driving gains.
Strategy:
Bullish Scenario: Buy above 21,027. Target 21,100; stop at 20,975.
Bearish Scenario: Sell below 20,935. Target 20,875; stop at 20,975.
Trade Rating: High (75% success probability).
3. YM=F (E-Mini Dow Futures)
Market Overview:
Current Price: 44,762
Change: +367 points (strong upward momentum).
Volume: 26,010 (moderate liquidity).
Technical Analysis:
Resistance: 44,795 (day’s high).
Support: 44,500 (psychological level).
Strategy:
Bullish Scenario: Buy above 44,795. Target 44,900; stop at 44,650.
Bearish Scenario: Sell below 44,500. Target 44,400; stop at 44,600.
Trade Rating: Medium-High (68% success probability).
4. RTY=F (Russell 2000 Futures)
Market Overview:
Current Price: 2445.9
Change: +32.3 points (moderate bullish momentum).
Volume: 28,303 (moderate liquidity).
Technical Analysis:
Resistance: 2450.
Support: 2430.
Strategy:
Bullish Scenario: Buy above 2450. Target 2460; stop at 2440.
Bearish Scenario: Sell below 2430. Target 2420; stop at 2440.
Trade Rating: Medium (65% success probability).
5. GC=F (Gold Futures)
Market Overview:
Current Price: 2675
Change: -37.2 points (strong bearish momentum).
Volume: 139,172 (high liquidity).
Technical Analysis:
Resistance: 2700.
Support: 2660.
Trend: Bearish; USD strength applying downward pressure.
Strategy:
Bearish Scenario: Sell below 2660. Target 2650; stop at 2680.
Bullish Scenario: Buy above 2700. Target 2715; stop at 2685.
Trade Rating: Medium-Low (55% success probability).
6. CL=F (Crude Oil Futures)
Market Overview:
Current Price: 70.57
Change: -0.67 points (slight bearish momentum).
Volume: 81,191 (moderate liquidity).
Technical Analysis:
Resistance: 71.50.
Support: 70.40.
Strategy:
Bearish Scenario: Sell below 70.40. Target 69.80; stop at 70.80.
Bullish Scenario: Buy above 71.50. Target 72.20; stop at 71.
Trade Rating: Medium (60% success probability).
7. ZN=F (10-Year Treasury Futures)
Market Overview:
Current Price: 110.234375
Change: +0.59 points (mild bullish momentum).
Volume: 1,609,982 (very high liquidity).
Technical Analysis:
Resistance: 110.50.
Support: 110.
Strategy:
Bullish Scenario: Buy above 110.50. Target 111.00; stop at 110.25.
Bearish Scenario: Sell below 110.00. Target 109.75; stop at 110.25.
Trade Rating: Medium-High (70% success probability).
8. ZB=F (30-Year Treasury Futures)
Market Overview:
Current Price: 117.5
Change: +1.21 points (bullish momentum).
Volume: 389,331 (strong liquidity).
Technical Analysis:
Resistance: 118.
Support: 117.
Strategy:
Bullish Scenario: Buy above 118. Target 118.5; stop at 117.25.
Bearish Scenario: Sell below 117. Target 116.5; stop at 117.5.
Trade Rating: High (75% success probability).
Recommendations for Today:
Best Contracts to Trade:
NQ=F: Strong bullish momentum and high success probability.
ES=F: High liquidity and clear technical levels.
ZB=F: Bond futures showing solid bullish momentum.
Contracts to Avoid:
GC=F: Volatility and USD pressure make it unpredictable.
CL=F: Crude oil lacks strong directionality.
Overall Take Profit and Stop Loss:
Take Profit: Set at 2x ATR (Average True Range) or predefined target levels mentioned.
Stop Loss: Set at 1x ATR or key support/resistance zones to minimize risk.
Day Trading Strategy Disclaimer
ALWAYS DO YOUR OWN ANALYSIS. NO ONE CAN PREDICT THE STOCK MARKET, BUT YOU CAN MAKE INFORMED DECISIONS TO INCREASE YOUR CHANCES. IN DAY TRADING: MINDSET AND ATTITUDE BEATS SKILL. CHOOSE THE SCENARIO THAT MEETS YOUR RISK AND STRATEGY AND SECURE THE WIN. NOT EVERYDAY IS A TRADING DAY AND ALWAYS LIVE TO TRADE ANOTHER DAY
The content provided in this blog, including day trading strategies, technical analysis, and market insights, is for informational and educational purposes only. The information should not be construed as financial advice, investment recommendations, or an endorsement of any trading strategy. Trading futures, options, and other financial instruments carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results.
You should thoroughly evaluate your financial situation and risk tolerance before engaging in any trading activities. It is advised that you consult with a licensed financial advisor or professional who can provide personalized investment advice tailored to your individual needs.
The author and publisher of this blog do not guarantee the accuracy, completeness, or timeliness of the information and will not be liable for any losses or damages, including, but not limited to, any loss of profit or investment, which may arise directly or indirectly from the use of or reliance on such information. By using this blog, you acknowledge and accept these terms and any inherent risks associated with trading.
Risk Warning: Leveraged trading can result in losses that exceed your initial investment. Please trade responsibly.
