Friday, January 23, 2015

January 23rd levels and trade plan for ES

Morning all,

We will be using 49.50-51.50 as todays bull bear zone. Above here we have 65.25-67.25, sellers need to defend this or new highs look likely. So this zone will give us a good tell about who is in control. Above here we have 75.75-77.75 and 85.50-87.50. Given the potential bullish nature above 67.25 we will need to assess these higher zones in real time.

Below the B/B we have 38.25-40.25 and 34-36 both of which can see buyers on the day time frame. Below here we have 25.25-27.25 which could cap selling.

Happy Trading.

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