Tuesday, April 7, 2015

April 7th Trade Plan and Levels


Today we will be using 71.50-73.50 as out bull bear zone, Above here ES can test 81.5-83.50 resistance where we could see selling on first test. If ES breaks above here we could see 95-97 which is an automatic sell in most scenarios.

If ES gets below 71.50 then the next hard support is not really until 48.25-50.25 where id expect buyers on first test.

Today ES could just trade within and around yesterdays Value Area given the directional move from yesterday so id expect some rotational type movement during the day, If ES can break below and trade through 68 then we could see the lower support.

Happy Trading.

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