Tuesday, January 6, 2015

January 6th Levels and Trade Plan for ES

Morning guys,

Today we will be using 14.50-16.50 as the bull bear zone. Below this Bears are still in control but will need to break through 2009 to take firm control and try to take ES lower. Below here we have support at 99-01, where we could see buyers step in on first test. then we have 86-88 which if we test this could cap the selling for today in my view.

If ES holds above 2009 and the bull bear zone then 21.75-23.75 could provide some selling but we would need to see a setup in real time, above this we have 32-34, and then 47.5-49.50, the latter of which i would expect to cap buying if tested.

Happy Trading.

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