20 Points MES Micro Long

Market Outlook: Levels to Watch

If the price moves to 7350 again and breaks through, we could see a significant move down to 3450. It’s the fourth quarter, and there could be some profit-taking, especially since we haven’t experienced a strong liquidation breakLiquidation BreakA fast directional move driven primarily by forced exits (stops and margin liquidations) rather than new initiative buying or selling. Full entry → yet. Remember, if you’re in a long position and the price moves against you, don’t make things worse by holding on irrationally.

Warning to the Bulls

The 7350 level is the warning shotWarning ShotA price move that signals a potential shift in momentum. For example, a dip into single prints warns bulls that support is weakening. Full entry → for the bulls. If they fail to hold it, we could see a significant drop to 3450. This, however, doesn’t mean I’m going short yet. Don’t get too excited by a series of blue candles—market action needs to confirm the trend. With three 8-point candles in a row, we’re seeing some irrational price action right now. There’s no obligation to trade this; sometimes the best move is no move at all.

Trading Strategy: Stay Patient

Even if the market drops without me being in it, I’m fine with that. It would actually provide a great opportunity to load up on long positions if that proves to be the right setup to push towards an all-time highAll-Time High (ATH)The highest price ever. No resistance above here—uncharted territory. Price can run HARD at ATH. But also? Profit-taking can slam it back down. Full entry →. Before the market opened, I had drawn a level indicating that if they came back down to challenge it, this might be the day they drop it all the way down. It will be interesting to see if that happens.

Market Sentiment: Waiting for the Move

I’m watching these levels closely—the “eye in the sky,” if you will. Come on down to 3450, hook a man up! The price action almost made it, but unfortunately, we had that news event right there. I drew this arrow indicating my intention to go short from that point, but the timing just didn’t align as expected.

More Information

Website: https://MicrosTrader.com
YouTube: https://www.youtube.com/@microstrader

Mighty Micro
Mighty Micro
Mighty Micro
MicrosTrader Support
Hey! I'm Mighty Micro, your MicrosTrader support assistant. I can help with membership questions, indicator troubleshooting, Zoom access, and more. What can I help you with?
Mighty Micro is thinking...