Friday 29th May levels and Trade Plan

Morning,

Little change from yesterdays plan, however today we will use 18.25-20.25 to determine our short term bias. Above here we have 25.50-27.50 resistance and then ATH resistance of 30.75-32.75. Both of which can hold ES down today if we open below 20.50.

Below 18.25 we have support at 04.75-06.75 where id expect to see buyers step in.

If ES opens below 13.50 then we could easily test 95-93.

Happy Trading.

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.

Wednesday 27th May Trade Plan and Levels

Morning,

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.

Tuesday May 26th Levels and Trade Plan

Morning,

ES is still within this balance area and so we are still due a very big directional move soon. Today we will use 25-27 as our bull bear zone, Above here we are most likely to break to new highs given the bullish context and likelihood of a directional move. 30.75-32.75 is the balance high and as soon as this goes we have no hard resistance.

Below 25 ES can test 19-21 and 14-16. The 14-16 zone can act as support in a failed breakout of the balance, so with a perfect setup could lead to good risk to reward on the long side. However on weak internals and the liklihood of the directional move ES could easily test 04.5-06.50.

If ES opens below 22.75 then we must be aggressive at resistance and look for a downside breakout. An open above 25 can see us go to new highs.

Happy Trading.

Friday 22nd May Trade Plan and levels

Morning,

ES has been in this balance now for 3 days. So today we will use 28.5-30.50 as our bull bear zone. Above here ES can break out to new highs. Given the context this breakout could be very strong so fading with no hard resistance is not really an option for me. Use resistance as a target.


Below 28.50 we have 19-21 which is now the balance lows. Given the 3 day balance and that we are looking likely that we will soon have a directional move this zone should only be longed in perfect setup circumstance given its multiple tests. 14-16 support can be longed on a good setup as this has the potential to be where we turn if we have a failed breakout. However on negative internals and expectation of a directional move the 06.50-04.50 support would be a good target if ES breaks out.

Happy Trading.

Tuesday 19th May Levels and Trade Plan

Morning,

Today we will be using 25-27 as our bull bear area, if ES can hold above here then this a hugely bullish and can go on to test 35.5-37.5 targets. There is no hard resistance above ATH.

Below 25 ES can test 19-21 which should really be treated as the last spot that buyers need to defend to hold control on the day time frame, so we will need a good intraday setup to be long here. Below here we have 14-16 where we can see buying on first test.  If ES can liquidate below here we could get to 06.50-04.50.

On the open look for ES to open below 19 or above 28.50. An open above 28.50 could mean we can easily get to 35.50. An open below 19 would be a huge bear sign and signal in a shift of value.

Happy Trading.

Monday May 18th Levels and Trade Plan

Morning guys,

Today we will be using 14-16 as the bull bear zone. If buyers can hold ES above here we are likely to see a breakout above 19.25-21.25 to new highs. 28-30 being a final target and not a great place to sell as there is no hard resistance at ATH's

Below 14 ES can go to 04.50-06.50 where we could see buying on first test. Below here we have 93-95 which could cap the downside today if we break lower.

On the open, if we open below 14 id expect to see us try to fill the gap to 94.75 so only take perfect intraday setups at support. An open above 18.50 would see us aggressive at support looking for the 28-30 final target.

Happy Trading.