Important Levels You Need To Know In Swing Or Day Trading S&P 500
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Here are the important levels in S&P 500 futures (ES) that you need to know for day trading and swing trading to achieve a high reward-to-risk ratio.
Watch the video below to find out the trading plan for shorting S&P 500 based on the Wyckoff method and the long and short-term directional bias.
Video Length: 00:07:05
The bullish setup vs. the bearish setup is 176 to 231 from the screenshot of my stock screener below. The directional bias for S&P 500 (ES) is still to the downside. Shorting into strength is preferred when swing trading in the confluence area as mentioned in the video.
For stock trading, there are a handful of outperforming stocks in the home builders, precious metals, and biotech groups. Only the grade A+ trade entry setup will be considered as volatility in the market still does not favor swing trading.
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Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.