Tuesday, December 30, 2014

New Years Eve 2014 - Trade Plan and Levels.

Hope you all had a good holiday and a happy new year to you all.

I did say no levels from me until Friday but here we go....

We will be using 72.5-74.5 as the bull bear zone. If ES an hold above this we should head back to the 85.5-87.5 area. This zone is not by any means an automatic buy due to the bullish nature of ES up here so we would need a good setup. If ES breaks above here and into new ATH's then i would expect us to reach the 96.25-98.25 zone which could be a good spot to short.

If ES break below the bull bear zone we have support at 63-65 which could be a good area to get long as buyers must defend here to avoid a liquidation to the 49-51 area. Which is an automatic buy for me on the day time frame.

Happy New Year!!

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