Preparing ES Emini and MES Micros Traders To Trade In Our S&P Trading Room

Opening Remarks

Good morning, everybody! Welcome to the AM Briefing brought to you by MicrosTrader.com, where together we trade better. It’s Thursday, May 29th, and this is episode number 438. I’m really looking forward to episode 500 — that’s where my focus is right now.

Scripture of the Week

“The one who walks with the wise will become wise, but a companion of fools will suffer harm.”

Tip of the Day: Standing in Front of a Freight Train

Today’s tip warns traders against standing in front of strong directional moves. Always trade small (if at all), never add to losers, and define your risk. Stay green rather than greedy. Make sure every trade is in your plan — otherwise, wait.

News Drivers & Battle Plan Recap

Unemployment and preliminary GDP are due shortly. Yesterday’s plan identified both bullish and bearish levels, and several played out nicely — especially the downside target near the bull/bear line. A high-conviction trade setup occurred at the wrong time due to Nvidia’s influence. Despite a perfect setup, the risk was too high to justify entry.

Momentum Indicator & Freight Train Moves

A new VWAP-based momentum alert has been added to the Essentials Indicator. It triggers a small caution symbol when strong directional movement is detected. This helps traders either stay in a winning move or avoid dangerous counter-trades. It’s off by default but offers crucial insight during volatile sessions.

Market Conditions & Chart Review

Markets are back inside yesterday’s range, making conditions tougher. Still, intraday levels like the three-minute chart remain viable. Watching the Dow and NQ showed similar patterns. Missed moves are part of trading — staying disciplined matters more than chasing.

Key level to watch: 5921 — prior day’s POC and today’s halfback.

SUMMARY:

  • ✅ Tip of the day emphasizes caution when trading against strong trends (“freight train” moves)
  • ✅ New VWAP-based momentum indicator now alerts traders to strong directional moves
  • ✅ Missed high-conviction trade opportunity during volatile open due to Nvidia influence
  • ✅ ES returned inside previous day’s range; halfback and POC at 5921 is a key magnet level
  • ✅ Weekly chart confirms broader bullish bias — pullbacks are likely setups for continuation

FREQUENTLY ASKED QUESTIONS

Q: What is a “freight train” move in trading?

A: A freight train move refers to a powerful, sustained directional price movement that is difficult and risky to counter-trade.

Q: How does the new momentum alert on the Essentials Indicator work?

A: It uses VWAP-based logic to identify strong directional momentum and displays a small caution icon to advise traders to either stay in the trend or avoid trading against it.

Q: What’s the significance of the 5921 level in today’s session?

A: 5921 is both the previous day’s point of control (POC) and the RTH halfback, making it a key magnet level if price drops below the opening.

Mighty Micro
Mighty Micro
Mighty Micro
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