🔴 LIVE Trading Room Breakdown: ES Trade of the Day & Market Outlook!

Let’s take a look at today’s action and recap. We’ll start here with the ES. We have essentially a doji day. A few minutes ago, this looked like a bearish shooter candle that was about to close as such, and then we ran it up into the close, right back to the open again.

So, let’s just start right through here. You can see the Asian session flatlined, the London session ran up, and then the cash session broke down in that first hour or so. It broke down, flipped the aggressive trend stream, broke through the bearish break, and plunged for the rest of the day—until that late-session bullish run into the close.

Let’s take a look at a few of the setups we saw today. There was one right here. Unfortunately, I missed it. Actually, I didn’t really miss it—it was just too far gone before I was able to get an entry. I was going to take an entry right here, but that would have exposed me to a lot of pullback risk I didn’t want to take. I think if I had dropped down to a smaller time frame, I might have been able to grab this one, but it didn’t work out for me on that opening break or shortly after the opening break, right around the 9:00 hour.

There was a secondary entry through here as we broke down—a pullback—and you could take this down to target one. As soon as this one closed, we had a little pullback that held, and again we were riding the aggressive trend stream.

The actual trade of the day for me was right here. I have it highlighted. We essentially broke down below target one, chopped for a while, and created this bear flag breakdown scenario. We came up again, had some trapped traders up here—which is perfect—then broke down, closed below my level, broke the pattern, and as soon as we ticked below this candle right here, we plunged. I took some partials right there and held a runner to target two. It was a nice little trade. We nailed target two almost to the tick, and then we had this late-day reversal rally.

Let’s take a look at the NQ. NQ today was a bit out of sync with the ES for most of the day. It did not plunge as far as the ES did. Essentially, it didn’t do much around its overnight range. The overnight range was here—Asian session flatlined, London session popped up and then sold back down essentially right to yesterday’s POC, wicked through it a little, and then ran it up into the close, back up to the POC. So, more of a range-based day. I know it’s pretty wide-spread on the size, but we didn’t break much of that overnight value—just kind of tinkered around the edges.

So, let’s look ahead to tomorrow. Now that we’ve had an indecisive day—what’s next? The answer is, I don’t know. We are in an inside week. We haven’t taken out the highs or the lows. We had that inside day Monday, and then we just kind of ranged a little bit today. I thought there might be a chance for a pop-up today—a breakout to the upside off of yesterday’s outside bullish day. That played out in the overnight but didn’t hold. It failed and broke down below the POC.

So honestly, I don’t know what the week wants to do. We’re at the end of Thursday going into Friday. It looks like we are forming that inside week. It’s possible we go up, possible we go down—I don’t know. We’ll have to see what the overnight session brings—where that pre-market value is and where it could potentially go. So, we’ll check it out in the morning.

Hey everyone, it’s Dale here. I hope you enjoyed the video. If you’d like to trade alongside me and our team of prop firm-funded traders every day, then click the link below the video and hop aboard. We’re looking forward to trading with you.