Monday 9th March Levels and Trade Plan

Morning guys,

Today we will be using 65-67 as support from, although tested this area is key in determining short term bias, Above 67 ES can go back to test 81.75-83.75 where id expect sellers to come in on first test, Not reaching here can be a big red flag for buyers and we could then continue down to test lower.

We have 58-60 which can attract buying on first test with a good intraday setup, below that we also have 48.75-50.75 which could cap any downside moves today.

With ES having a huge down day friday and no real news today, we could just balance within a range above 65-67 today. A break below this could see selling to support zones.

Happy Trading.

Friday 06th March Levels and Trade Plan (NFP)

Evening guys,

So i am going to get these levels out now for any one who wishes to trade NFP tomorrow.
We will be using 99-01 as our bull bear zone. Below here we have 93-95, if ES can break below here we can head to 81-83 support which is a good buy on first test..

Above the Bull Bear zone we have 04.25-05.75, 08-10 and finally 14.25-16.25.

Dependent on where ES is when NFP number comes out any one of these can be good resistance with a good exhausted, extended move to the upiside. If ES does clear 08-10 then 14.25 could be a good short on first test with targets first at 08-10 and then back to where ES started its news related move.

ES often returns to the scene of the crime on news based moves and NFP is no different.

Trade Well.

Thursday 05th March Levels and Trade Plan

Morning,

Today we will be using 99.5-01 as our bull bear zone. If buyers can old ES above here we can head for the 04.25-05.75 area where we could find sellers on first test with a good intraday setup. Above here we have 08-10 where i would expect some selling on first test and then finally 14.25-16.25 which could cap buying on the day time frame.

Below 99.5 we have 95.50-97.50 which buyers must defend in order to avoid a liquidation type move back down to yesterdays lows and possibly the 81-83 level where id expect buyers on first test. With NFP tomorrow we could get some two sided action today.

Happy trading.

Wednesday March 4th Levels and Trade Plan

Morning,

Today we will be using 04-06 as our bull bear zone. ES broke out of the recent balance yesterday but failed to extend. Therefore if ES can hold below 04-06 we could see us test the 90.5-92.5 area. Where i would expect buyers to step in on first test. Note, If shorting from Bull Bear scales at the 97-98 area would be sensible. Whereas holding for the full breakdown to 92.5 would be a more aggressive play. Below 90.5 we have 83-81 which could cap any big selling momentum on the day time frame.

If ES gets above 04-06 we have 08.50-10.5 where we could see selling on first test, we must judge this setup intraday based on where the days value is and whether it provides a good risk to reward in real time. Above here we have 17.25-19.25 which could provide good short opportunity on first test. If ES has big upside momentum however after yesterdays failed breadown, then ES could easily go back into Bull mode and break above the 17.25-19.25 zone on good internals, so judge this intraday. There is no hard resistance above here so be cautious shorting above 19.25.

Today we have ISM at 10am EST.

Happy Trading.

Tuesday Recap

Evening, 

Today there were two setups. 

The first setup was off the open. The trade plan called for a test of 01 under 09. As ES tested into the bull bear from the open off of weak internals there was a short setup targeting 01.

The second setup was a long setup with internals lagging behind ES at the 01 level targeting vpoc. This trade idea was quickly stopped out dependent on your stop parameters. However with a lower balanced target of around 00 at the time and the internals this was a good trade setup in my eyes. 

So one 8 point short rotation to trade and one potential 2-3 point losing setup on the day. 

Happy Trading. 

Tuesday March 3rd Trade Plan and Levels

Morning guys,

Today we will be using 09-11 as our area to determine bias. Above here ES can go on to test 17.25-19.25, here we must see a good intraday setup as ES could breakout above here on good internals and head for all time highs and the 25-27 area. As there is no hard resistance up here we need to be cautious shorting and use these areas more as targets than full position shorts.

Below 09-11 ES can go back to retest 99-01, here we can still see buying on a good intraday setup although this has been tested multiple times. Below here ES could break down to 92.5-94.5 where we could see buying on the day time frame.

Yesterdays recap will be up today at some point.

Happy Trading.

Monday 02 March 2015 Trade Plan and Levels

Morning guys, 

Today we will be using 08-10 as the area we will use to determine todays bias. Above here ES can run to 17.25-19.25 where with a good intraday setup we can find selling on first test. Above here we have 25-27 but without any hard resistance above here shorts must be perfect in real time.

Below 08-10 we have 00.75-98.75 where buyers must be active to avoid a drop to 94.50-92.50 where we could see buying on first test, however we must be cautious of the potential balance breakout from recent days so a real time setup would be needed. Below here we have 83-81 which could cap the selling on any breakouts.


Happy Trading