Wednesday, May 27, 2015

Wednesday 27th May Trade Plan and Levels


Today we will use the 04-02 zone to determine our intraday bias. Above here ES can go back to test the 19-21 resistance and the 23.5-25.50 zone where we are likely to see selling on first test.

Below 02 ES can continue to run down into 93-95 where we can see buying on first test and below here 81.50-83.50 where buyers should step in.

On the open if we open above 06.50 then we must be aggressive on the long side looking for a return to the 19-21 area. If we open below 97 ES can easily hit lower targets.

Happy Trading.

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