Tuesday, May 5, 2015

May 5th Trade Plan and Levels


Today we will be using 10.50-12.50 as our bull bear zone. If ES can stay below here we can fill the gap back to 00.50-02.50 where we could see buyers on first test. Below here we have 94-95 and 90-92 where id expect to see buyers being aggressive.

Above 12.50 Buyers are in full control and can take ES up to 19.25-21.25 where we would need to see a good intraday setup to short otherwise its new highs again.

On the open if ES can open below 08 then we can see some conviction in the downside to fill the gap.

Happy Trading.

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