Tuesday, January 13, 2015

Tuesday January 13th Levels.

Morning all,

We will be using 33.75-35.75 as out Bull/Bear zone today. Above here we have 39-41 which was heavily rejected yesterday by sellers, so a test of this will give us good information going forward as to who is in control. Above there we may see 51.5-53.5 and 65.25-67.25 both of which i would expect sellers on first test. If ES goes back to test yesterdays value, which is as primary hypothesis for the open our first support target would be 22.5-24.5. If ES gets below here then we could see ES liquidate to the lower target of 95-97.50.

Happy trading.

No comments:

Post a Comment