Wednesday, January 14, 2015

Wednesday 14th Trade plan and Levels for ES.

Morning all.

Today we have out bull/bear zone at 23-25. Hypo 1 is that if Bears hold this below here we should go to test yesterdays targets at 95-97.5, which was tested in globex.  We could see buyers there with a good real time setup. Under here ES could reach 80.25-82.25 where i would expect buyers on first test and below that ES could get to 67.75-69.75 Which could cap selling on the day time frame. Long setups can work today above here but we must judge in real time.

If ES can push above the bull bear zone then we have resistance at 34-36 and above that 47.25 then 49.50-51.50. I would expect sellers at each of these on first test.

Happy Trading.

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