Monday, March 9, 2015

Monday 9th March Levels and Trade Plan

Morning guys,

Today we will be using 65-67 as support from, although tested this area is key in determining short term bias, Above 67 ES can go back to test 81.75-83.75 where id expect sellers to come in on first test, Not reaching here can be a big red flag for buyers and we could then continue down to test lower.

We have 58-60 which can attract buying on first test with a good intraday setup, below that we also have 48.75-50.75 which could cap any downside moves today.

With ES having a huge down day friday and no real news today, we could just balance within a range above 65-67 today. A break below this could see selling to support zones.

Happy Trading.

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