S&P 500 supply absorption with Wyckoff Effort vs Result analysis

Last Friday S&P 500 futures had a reaction during the first four trading hours with increasing supply yet it produced a higher low (compared to Thursday) followed by a quick rally in the second half of the session and closed at the high of the range. This suggested demand came in to support the S&P 500 at at higher level based on Wyckoff’s effort vs result analysis.

Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 3 Aug 2020 trading session. In this video, I am going to show you the market recap on the last session, plus potential trade reviews in the three-minutes timeframe (including entry, exit and the rationale behind). Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later.

Check out my daily market analysis video last Friday 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: 3273, 3310–3340; Support: 3230, 3190, 3170–3180, 3105

Potential setup — Look for potential reversal setup near the key support and resistance levels or breakout trade from the M3’s trading range.


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