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E-mini ES Futures Day Trading Recap Wednesday February, 28 2024

E-mini ES Futures Day Trading Recap Wednesday February, 28 2024 Today's macroeconomic data, spanning various indicators, maintained the familiar narrative we've observed for some time. Forward-looking indicators signaled weakness, while backward-looking data indicated some resilience. Despite this, the market response to these diverse releases was subdued, resulting in minimal impact as the market remained relatively unchanged throughout the day.


Returning to the action, the 30-minute chart shows an uptrend that began yesterday. When the SPY 30-minute chart is in an uptrend, buying support with a time pivot tends to work very well. We short in the red zone with two or more factors and buy in the green zone with two or more factors.


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