Thursday, May 28, 2015

Thursday 28th May Trade Plan and Levels

Today we will be using 2119.50 - 2121.50 to determine our intraday bias. Above here we have resistance at 2125.20 - 2127.50 and 2130.75 - 2132.75. If ES moves up to these levels i would prefer to see an intraday setup before shorting as we are back around the highs.

Below 19.50 we have support at 2104.75 - 2106.75 where i would expect buyers on first test.

ES looks set to open in yesterdays value area so we could see rotations in both directions however we are around all time highs so we must be cautious in case of a strong upside move to new highs.

Happy Trading.

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