How to trade reversal or breakout with sign of strength rally

Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 3 Sep 2020 trading session. In this video, I am going to show you the market recap during the last session and possible trades in the three-minutes timeframe (including entry, exit and the rationale behind). Those trades are based on either reversal trading or breakout trading under the context of a sign of strength rally. Going forward, I will cover the bias, the key levels to pay attention to, my trading plan for the session later.

Check out my daily market analysis video in the last session below if you haven't in order to better relate to the market recap and the trade review.

Bias - neutral (Day trading); bullish (long term)

Key levels - Resistance: 3570–3600 ; Support: 3566, 3512–3525, 3480–3490, 3420–3430

Potential setup - Look to long upon tested the last hour bar around 3566.

Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.