Monday, March 16, 2015

Monday March 16th Trade Plan and Levels


Today we have our Bull/ Bear zone at 35.25-37.25. Above here Bulls are in firm control and can take us to test 59-61 where id expect to see selling on first test. Above 61 ES can test the 63.75 OG and then 65.50-67.50 which could cap buying on the day time frame.

Below 35.25 ES can go on to test 21-19 where id expect to see buyers on first test.

The key today is for ES to stay above 35.25-37.25.

ES Looks sets to open well above fridays Value so a test of 48.5-46.50 looks to be the ideal scenario from the open, however we would need the perfect setup to long here and 35.25-37.25 would be the primary downside target if we got bearish early on.

Happy Trading.

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