Monday, March 23, 2015

Monday 23rd March Levels and Trade Plan

Morning,


Today we will be using 99.25-01.25 as out Bull Bear zone,

Above this ES can go on to test 09-11 where we would need a good intraday setup to short here give the bullish context, Above 11 ES can go on to test all time highs and above here we have no hard resistance so be cautious shorting above here. Use resistance as targets unless we get really weak internally.

Below 99.25-01.25 we can go on to test 91.75-93.75 where we would need a good intraday setup as ES has already tested this level in Globex. Below here ES can liquidate to 80-82 where id expect buyers on first test.

Happy Trading.

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