Monday, June 1, 2015

Monday June 1st Trade Plan and Levels


Today we will use 04-06 to determine our short term bias. If ES can stay above here we can try to fill the gap up to 21.50-23.50 where we could see selling on first test, above here we have 26.50-28.50 which is a good place to sell in a balanced market.

Below 04 Es can test 93-95 and then 83.50-81.50,

On the open if ES opens below 03 then we can easily test 83.50 so caution would be needed on the long side.

An open above 11.50 would be very bullish and we would need to be aggressive at support.

Happy trading.

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