ES price action analysis for 31 Mar 2020 trading plan S&P 500 E-MINI FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! mingjong 30 Mar 2020 recap - The weak rally up to test the last hour bar happened during non-RTH. Yet no follow through to the down side. Level 2450 was defended. Trending up with low volume , suggests both demand and supply are low. Committed above 2600 could send ES to test resistance at 2650 and 2700 during RTH . Refer to the related idea link. Bias - rally up to test 2650/2700 until emergence of supply. Potential intraday setup - look for an up thrust of the non-RTH high to short and/or a spring of the non-RTH low (also coincides with the last hour bar from yesterday) to long. Key levels - Resistance: 2650, 2700. Support: 2600, 2550 Note: Will we see a shift of sentiment after the end of this quarter? Price is at the resistance and is vulnerable for a reversal upon increasing of supply.