Good morning, everybody! Happy Wednesday, February 19th.
This Week’s Scripture
Isaiah 53:5
“But he was pierced because of our transgressions, crushed because of our iniquities; punishment for our peace was on him.”
What a powerful verse!
Tip of The Day for Futures Traders
Can you say no to the chart?
Yesterday was a “say no to the chart” day. I’m going to share what we discussed in our group and live on YouTube as well.
News Drivers for Futures Traders
Today:FOMC minutes in the afternoon. In my opinion, it’s a green trading day.
Tomorrow: The day before options expiration, so it’s a yellow caution day—trade small if at all.
Friday: The “Friday Rules” start tomorrow, and of course, Friday is options expiration day.
Yesterday’s Review for Micros Futures Traders
After finishing trading, I told the group:
“Ugly price action, as expected.”
Moderate your expectations.
Don’t waste your energy watching too closely.
Key Takeaways from Yesterday’s Trading
Before the open, we had a nice move down, and I was looking for long entries at key levels.
However, the right entry never materialized for me—so it was a no-trade day for me.
Later in the day, we saw a sharp flush down followed by a strong reaction up—exactly the setup I was waiting for, but it happened outside my trading hours.
Lesson: When small ranges dominate the opening, our data shows it’s not worth watching price action all day.
Why We Avoid the Last Hour of Trading
The last hour often brings crazy action—people hoping for a breakdown got squeezed badly yesterday.
We saved our energy and kept our strategy intact, ready to trade today.
ES Chart – Where Are We At?
We’re testing the high time frame trend line again.
Price action is becoming more parabolic in its move upward.
The all-time high is within reach, and the momentum suggests we are more likely to break higher than lower.
The key principle:Lean in the direction the current is flowing! Right now, the current is flowing north.
Key Levels & Trends
When ES tightens up, it usually leads to a big move.
Be careful shorting this unless you see a confirmed breakdown.
The FOMC minutes could trigger a reaction, so be prepared.
Intraday Levels & Market Structure
We tested and held strong levels yesterday.
We moved above key resistance, retested, and continued higher.
Session POC (Point of Control):
The 11-session POC is a key marker—prices retested it and bounced.
This POC represents the middle of the range, meaning trading decisions should be cautious in this zone.
SPX, SPY, NDX, QQQ – Cash Markets Review
SPX, SPY, NDX, and QQQ all hit new all-time highs yesterday.
Futures are currently lagging behind cash indices—a signal to watch closely.
Key takeaway: If the market shakes out weak longs first, we could see a strong move higher toward new all-time highs.
ES MES Micros Chart – Part II
Trade Location & Trend
We are at the top of a high time frame range.
Normally, this favors shorts, but since we are in a parabolic move upward, shorts are riskier.
Best approach: Trade the bounces at key levels, rather than trying to predict tops or bottoms.
Final Thoughts
Know where price is likely to bounce and trade accordingly.
We are bounce traders—not trend predictors.
If you want to learn our trading strategies, check us out at MicrosTrader.com.
✅ FOMC Minutes Impact: Today’s key news driver is the FOMC minutes—expect potential volatility in the afternoon.
✅ Yesterday’s Market Action: Price action was choppy and unattractive for most of the session. A late-day sharp drop and recovery followed, but it happened outside my trading hours.
✅ Current Market Positioning: ES is testing a high time frame trend line while remaining in a parabolic uptrend. Momentum favors the bulls, making shorts riskier.
✅ Intraday Levels to Watch: The 11-session POC is a key reference point, and the market structure suggests a potential move toward all-time highs after a shakeout.
✅ Trading Strategy: Trade bounces at key levels, stay cognizant of trend direction, and avoid predicting tops or bottoms.
Commodity Futures Trading Commission. Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
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Risks Associated With Trading
IMPORTANT DISCLAIMER
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The material in this course is general in nature. It does not constitute personal investment advice or personal trading advice. Any advice provided is general advice only and does not take into account an individual's risk profile or financial situation.
The author of this course content is not legally qualified to give personal investment or trading advice.
Although the author is an experienced and consistently profitable trader and the information offered within this course is given with the best intentions and made to be as accurate as possible, the author has no idea what your financial situation is and everyone has a different tolerance for risk and different investment goals.
The purpose of this course is to teach you how use technical analysis to assist in your trading, it is not intended to teach you how to trade even though many lessons do share practical techniques based on real-life trading experience.
The lessons in this course are provided as hypothetical trading examples, not necessarily ones that are profitable or robust. While the creator of these lessons has used some of these techniques to generate profits in the past, it is not guaranteed that you will experience the same results and past performance is not indicative of future performance.
Trading involves the risk of loss as well as the potential of profit. It is generally advised by successful traders to never risk more money than you can afford and are willing to lose - both on a trade-by-trade basis, and a portfolio basis.
You should seek independent financial advice from a qualified professional in deciding if trading is appropriate for you. Please also consider the appropriateness of that professional advice in light of your own objectives, financial situation or needs.
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PAST RESULTS ARE NOT INDICATIVE OF FUTURE PERFORMANCE.
Information containing hypothetical or simulated results has limitations and may not represent actual trading. Since the trades presented in simulated backtests have not actually been executed in the market, the results may under or over-compensate for the impact (if any) of certain market factors, such as lack of liquidity, large spreads, slippage, commission costs etc.
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You should carefully consider your objectives, financial situation, needs, psychological and emotional fortitude, and any other relevant personal circumstances when determining whether or not trading is suitable for you. Trading is not for everyone, and for some there are much easier ways to make money from a side-hustle or career more suited to their personality and situation.
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Good luck with your wealth creation journey, and please take this information seriously. The graveyard of failed traders is large and ever-growing, and that is largely due to these warnings being ignored and the many dangers of trading not being respected.
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