US Market Holiday Trading

S&P 500 Futures (ES):
- Broke out of old resistance, which is now support around 5720.
- Potential breakaway formation above 6075 could squeeze shorts.
- Dips are seen as buying opportunities, with support around 5868 and 5866.
- Monitoring the close of the prior day is important, as a failure to hold could lead to a fade.

Nasdaq Futures (NQ):
- Rotating around the 20,983 level, which is a key line in the sand.
- A dip below this level could signal a move down to the 19,167 half-back level.
- Waiting for a proper recovery above 20,983 before considering long positions is recommended.
- The 22,800 level is a potential upside target if the market can break higher.

Dow Futures (YM):
- Stuck in a sideways range between 41,672 and 44,800 (mid) and 46,300.
- 41,672 is seen as a support level for potential long positions.
- 44,800 or 46,300 are identified as potential sell zones if the market breaks higher.
- Maintaining a range-bound trading approach is advised.

Crude Oil (CL):
- Facing resistance around the 80.70 level, with potential support around 76.14 and 73.50.
- Dips around 77.80 are seen as potential buying opportunities, with a stop-loss above 79.34 if the market breaks higher.
- Monitoring the price action for a potential topping formation is recommended before considering short positions.

Gold (GC):
- Facing resistance around the 2750 level, with potential support around 2618 and 2671.
- Dips are seen as buying opportunities, with a preference for a deeper pullback to the 2618 or 2671 levels.
- A potential topping formation around 2712 is identified as a possible short-term selling opportunity.

Thank you so much for watching!

Charts by the amazing @TrendSpider
Price Action Stats and Data by @GetEdgeful
Futures and Futures Option Analytics by @MenthorQ
Stock Option Alerts by @JarvisAlerts

Live trading throughout the day with the Microfutures Room
Study with the MicroFutures Room with some of the best live traders in the ES
Here a coupon code for a sweet discount - WQDgAymB

#Futures #markets #stocks #options #futurestrading #indices #indexes #topstep #topsteptv #tradingforaliving #tradeforaliving

TRADER FUNDING from @TopstepOfficial

FIND ME EACH DAY
AND
The @Benzingaro platform

Charts by @TrendSpider, @Metastock and @MotiveWaveSoftware
Analytics by @JarvisAlerts @menthorq @investiquant @Sentimentrader

On Sirius Business Radio with Janet Alvarez

At @investorsbusinessdaily
On @Twitter and @StockTwits as @AnneMarieTrades

Feel free to connect with me on any of these outlets to share your trading journey or to ask questions

Best Books (besides mine =)...

1. Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude by Mark Douglas
2. Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy
3. Best Loser Wins: Why Normal Thinking Never Wins the Trading Game – written by a high-stake day trader by Tom Hougaard
4. Trading Price Action Reversals: by Al Brooks
5. Trading Price Action Trading Ranges: by Al Brooks
6. Trading Price Action Trends: by Al Brooks
7. Charlie D.: The Story of the Legendary Bond Trader by William D. Falloon
8. Candlestick Charts: An introduction to using candlestick charts by Clive Lambert
9. The New Market Wizards: Conversations with America's Top Traders

Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.