Monday, April 27, 2015

Monday April 27th Trade Plan and Levels.


As we know ES is most likely going to trade into ATH this week. So today we will be using the 10.50-12.50 area as our bull bear zone. If ES can stay above here then we will most likely head to above 17.75 ATH on the continuous contract and into 25-27 which is to be used more as a target then hard resistance.

If ES can break below 10.50 id expect a test of 03.25-05.25 where id expect to see buyers and if we get lower than this then expect 93-95 to see some buying on first test.

On the open if we open above 13 then we have to be even more cautious on the short side and look for aggressive longs at support.

Happy Trading

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