So busy here apologies.
Here are today's levels. Plan will be out asap.
Thursday, June 4, 2015
Thursday 04th June Trade Plan and Levels.
Morning,
So busy here apologies.
Here are today's levels. Plan will be out asap.
So busy here apologies.
Here are today's levels. Plan will be out asap.
Tuesday, June 2, 2015
Tuesday June 2nd Trade Plan and Levels
Today we will be using 2109 - 2111 as our bull bear zone.
Above here we have resistance at 2121.50 - 2123.50 and 2126.50 - 2128.50. Below the bull bear we have support at 2093 - 2095 where i would expect buying on first test.
Es looks set to open within yesterdays value area giving us a neutral bias on the open.
Happy Trading.
Monday, June 1, 2015
Monday June 1st Trade Plan and Levels
Morning,
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.
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.
Friday, May 29, 2015
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.
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, 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.
Wednesday, May 27, 2015
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.
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 26, 2015
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.
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.
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