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S&P 500 E-mini Futures: Short Target Achieved, Long Setup 21.Nov

S&P 500 E-mini Futures: Short Target Achieved, Long Setup in Play
Today’s session on the S&P 500 E-mini Futures (ES) presented a textbook example of how patience and planning pay off in intraday trading. Let’s break down the trade idea, execution, and the next steps.

Market Context
Instrument: S&P 500 E-mini Futures (ESZ2025) 
Current Price: 6,547.25 (-0.16%) 
Timeframe: 15-minute chart 
Session Behavior: After an initial push higher, the market showed signs of exhaustion near the previous high, creating an opportunity for a short scalp before considering a long re-entry. 

Trade Recap: Short Position
Earlier today, a short position was initiated near the supply zone (highlighted in red on the chart) around 6,594.50, targeting a retracement toward the mid-range.
Entry: Around 6,594.50 
Target: 6,532.25 (achieved successfully) 
Reasoning: Price rejected the upper liquidity zone, forming lower highs and signaling a short-term bearish move. Volume spikes confirmed selling pressure. 
This short trade hit its target cleanly, validating the setup and risk management.

Current Setup: Long Bias
With the short target achieved, the focus now shifts to a long re-entry. Here’s why:
Demand Zone: Price reacted strongly near 6,532.25, sweeping liquidity and bouncing back. 
Volume Profile: Notice the spike in buying volume at the lows, suggesting accumulation. 
Structure: The market is forming a higher low on the 15-minute chart, indicating potential bullish continuation. 

Long Plan
Entry Zone: Between 6,532.25 and 6,528.25 (green zone) 
Stop Loss: Below 6,523.25 (to protect against deeper liquidity sweep) 
Target: Sweep of the day’s high near 6,604.75 or equal highs at 6,594.50 for partials. 

Key Observations
Liquidity Sweep: The wick below 6,532.25 suggests stop hunts before reversal. 
Risk-to-Reward: Favorable setup with tight stop and clear upside targets. 
Market Sentiment: Despite intraday volatility, the broader trend remains bullish, supporting the long bias. 

Conclusion
The short scalp was a success, and now the market offers a compelling long opportunity. Traders should monitor price action closely around the demand zone and manage risk diligently. If the bullish momentum holds, a sweep of the day’s high is likely.

✅ Pro Tip: Always wait for confirmation before entering a reversal trade. Volume and price structure are your best friends in identifying genuine shifts in momentum.

Do your own analysis before taking any decisions these are only my way of looking at the market today and valid for today only

İşlem aktif

Entry Triggered and it is in profit with a sharp up move

İşlem kapandı: hedefe ulaştı

target reached

TheChayyy

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Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.

TheChayyy