May 6th Levels and Trade Plan

Morning,

Yesterday we saw ES trend down after holding below yesterdays bull bear zone.
Today we will look for ES to provide us with a rotational type day if we can open above 81.

We have todays bull bear zone at 82.5-84.50. If we can hold above here then ES can go on to test 99.75-01.75 where id expect to see some sellers on first test. Above here we have 10.25-12.25 where id also expect to see sellers come in.

However if buyers fail to hold 82.50 then we can see ES continue its downside and test 65.25-67.25 and 61.5-63.5. Both at which id expect to see some buying.

Overall if ES can open above 81 id expect to see a two sided day with buyers at support and sellers at resistance. An open below 81 is a huge bearish sign and longs should be cautious.

Happy Trading.