Pre-Bell Futures Day Trading Strategy – 21 Nov 2024
1. ES=F (S&P 500 Futures)
Market Overview:
The price has moved up by 28.5 points, signaling bullish sentiment. With strong volume at 283,535, institutional players may be active.
Technical Analysis:
Support Levels: 5905, 5937
Resistance Levels: 5970, 6000
Indicators: RSI near overbought; MACD signals bullish divergence.
Foundational Analysis:
Positive sentiment could stem from strong earnings or dovish Fed news.
Watch U.S. economic data releases today.
Trend Identification: Bullish
Likely to retest 5970. If momentum persists, 6000 is achievable.
Scenarios:
Bullish: Buy at 5960, Target: 6000, Stop: 5935
Bearish: Short at 5970 if rejection, Target: 5937, Stop: 5985
Trade Rating: 8/10 – High likelihood of success due to strong volume.
Volatility Insight: Moderate
Recommendations
Top Futures to Trade:
NQ=F – High volatility, strong bullish trend.
ES=F – Good volume, bullish continuation likely.
GC=F – Strong safe-haven demand.
Futures to Avoid:
RTY=F – Low volume, range-bound.
ZB=F – Indecision, unattractive risk/reward.
This strategy ensures clarity and tactical awareness for pre-market preparation.
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
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