Wednesday, April 29, 2015

Wednesday April 29th Levels and Trade Plan

Morning Guys,

Today we will be using 06-08 as out bull bear zone, this zone is key to todays trading as it really is the accepted value for the previous two days. If bulls can hold above here then we really can see new highs into FOMC and shorting above is really a viable option. 

However if Bears can take this below we have 92.75-64.75 support where we would need to see some intraday disconnect between price and internals to execute a long. Below here we have 80.25-82.25 where id expect to see buyers on first test in most scenarios. 

On the open if ES opens above 10 then we can see some strong buying most of the day. Below 10 we may chop into FOMC. 


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