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ES Futures Day Trading Recap Tuesday February 20, 2024

ES Futures Day Trading Recap Tuesday February 20, 2024 The market was under pressure early, and by midday, the S&P 500 had declined by 1%, while the Nasdaq had dropped by 1.75%, with many high-flying stocks experiencing downward pressure. We look to sell resistance and buy support with two or factors. Tomorrow we have Whipsaw Wednesday and you can see it in tomorrow's time pivot.


SPY ETF Chart, we use our proprietary algorithm momentum indicator to enter positions.


ES Futures 5 Minute Chart, Used for Support Resistance

Y-High and Y-Low & 3 Day Low are the best resistance levels to enter positions, DP is directional pivot above uptrend, ES was below the DP level all day.


Tomorrow's Time Pivot


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