Friday, February 13, 2015

Friday 13th February Levels and Trade Plan

Morning guys,

Today we will be using 76-78 as our bull bear zone, if ES can stay above this Bulls will be in firm control and new highs for RTH are likely. ES still has resistance at 85.50-87.50 but we would need a perfect intraday setup here to short with the bulls in control. Above here we have targets and resistance at 93.50-95.50, 01-03 and finally 11.5-13.50. To short at any of these we will need to assess ES in real time. They are good points to scale at if long.

If ES can get below the B/B then we have support at 95-97 where id expect to see buyers and then also at 51.25-49.25 where id also expect to see buying.

Hypo 1 is for ES to retest 78-76 on the open. A hold of this or a push above 87.5 would signal Bullish strength.

Happy Trading.

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