Wednesday, January 21, 2015

Wednesday 21st January ES Levels and Trade Plan

Morning all,

Today we will be using 13.5-15.50 as the bull bear zone. Above this ES can get to 25.25-27.25, where we would need a good real time setup to short. Above this we have 34-36 where id expect to see sellers on first test, If ES can get above here then we could see 49.5-51.5 where selling could be capped on the day timeframe.

On the downside if ES holds below 13.5 then we have 03-05 where we would need a good setup in realtime, 94.25-96.25 and 80-82 both where we could see buyers step in. Below 80 Bears could run it to 67-69

Happy Trading.

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