Thursday, February 26, 2015

Thursday February 26th Trade Plan and Levels

Morning guys,

Today we will be using 10.25-12.25 as our bull bear area. ES needs to hold above here to test 19-21 resistance, ES can see selling here on weak internals but we must assess this in real time. a break above here could see ES break out to 25-27. With no hard resistance at ATH we must be cautious at resistance above and judge it in real time.

Below todays bull bear area we have 06-08 support which has been tested multiple times. This could still provide good support on a perfect intraday setup but we need to assess this in real time as we could break out below to the 98.5-00.50 area, if holding below the BB area, where id expect to see buyers on first test. Below here we have 94.5-92.50 where id also expect to see buyers on first test.

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Happy trading

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