Tuesday, February 17, 2015

Tuesday Feb 17th Levels and Trade Plan.

Morning guys,

Today we will be using the 83.5-85.50 zone as out bull bear area. Above here bulls are significantly in control and a test of 91-93 is likely. Shorts from here will need to be assessed in real time. Above here we have resistance at 98.25-00.25 and then 11.50-13.50. As there is no hard resistance up here we will need to see how the ES looks in real time at these levels and may only use these as targets to scale if long.

Below 83.50 ES could get to 75.75-77.75 where id expect to see buyers on first test. Below here we have 65-67 where id also expect buyers on first test and 62.75 which could cap the selling ont he day time frame.

Happy Trading.

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