Tuesday, March 31, 2015

Tuesday 31 March Levels and Trade Plan

Morning,

Today will most likely be the last time i offer a free trade plan and levels service. If you wish to keep receiving the trade plan and levels alongside a daily recap including a look at how we can use the market internals including the breadth,  tick, advance decline and the intraday profile each day then the email subscription service will be open to subscribe to later today.

Here is today's plan.


We will be using 81.75-83.75 as our area to determine the likelihood of today's action and to determine some form of bias. If ES can break above here then we can continue yesterdays buying up to 95-97 where sellers can step in on first test. If ES is really strong then we can test here and even above at 03.25-05.25.

If buyers fail to break above here then ES could balance in yesterdays range and retest the 64.75-66.75 area. If ES is weak here internally then we could break below here and out next support would be the 49.25-51.25 level where id expect buyers on first test.

ES looks likely to gap down today and if we open below 73 and test lower then id expect us to go on to test the lower levels, and potentially even the 40.25-41.25 and 35.25-37.25 levels. The key today is to judge early on if ES is going to accept yesterdays range and trade back into it or reject it completely to lower levels. Don't get caught on the wrong side of a potentially strong directional movement.

Happy Trading.

Friday, March 27, 2015

Friday 27th March Levels and Trade Plan

Morning,

We will be using 48-50 as out bull bear zone today. ES balanced yesterday andso could stay within the balance today. Above 50 ES can see 64-66 where id expect to see sellers on first test. If ES can break above here then this is a key sign that bulls are taking back some control and we could see 81.75-83.75 which could cap the upside.

Below 48 ES can test 34.75-36.75 again, however we would need a good long intraday setup on balance day internals to get long here as below 48 Bears are in control in this still bearish overall environment. Below 34.75 ES can test 21.5-19.5 however this must be on weak internals as ES can fail the breakout below and come back into balance.

Happy Trading.

Thursday, March 26, 2015

Thursday 26th March Levels and Trade Plan

Morning,

Today we will be using 51.50 to 53.50 as our Bull Bear zone. ES needs to get above here and into yesterdays range for bulls to get some control back after yesterday and the globex session overnight.  If ES can get above here we can get to 64-66 where we can see sellers on first test. Above here ES can get to 81-83 and could retrace yesterdays move in an extreme scenario.

If ES fails to get above 51.50-53.50 then we can see ES test 41.50-43.50 and 34.25-36.25 which were tested in globex but could see rotation in RTH after the trend day of yesterday. Below here we can test 20.5-22.5.

Overall bears still in control below 51.50, and we could see a rotational type day around these levels with a slight downside edge. Above 53.50 we could see some upward momentum come into play, trading in yesterdays Value.

Happy Trading.


Wednesday, March 25, 2015

Wednesday 25th March Trade Plan and Levels

Morning,


Today we will be using 95-97 as our bull bear zone. If ES can stay below here we can go on to test 80-82 where id expect buyers to be active on first test. Below here we could liquidate to 66.75-64.75 which could cap the downside.

If ES can get above 95-97 then a test of 03.25-05.25 is likely with sellers on the first test of here most likely stepping in. Above here ES can test 09-11 where we would need to see a good intraday setup given the bullish context.

Happy Trading.

Tuesday, March 24, 2015

Tuesday 24th March 2015 Levels and Trade Plan

Tuesday 24th March 2015 Levels and Trade Plan







Today we will be using 2102.75 - 2014.75 as our Bull Bear Zone.

Above the bull bear we have 2109 - 2111 as resistance. Given the obvious bullish context we will need a good intraday setup to short this zone. Above here we have the ATH and above that we have no hard resistance so the 2125 - 2127 area should only be used as a traget if you are in a long position .

Below todays bull bear we have support at 2092.25 - 2094.25. If we reach this area again and see a good intraday setup we could see a further rotation back towards the ATH. Should this area break ES could liquidate to 80-82 and then 2064.75 - 2066.75 which should see buyers on first test.

Happy Trading.

Monday, March 23, 2015

Monday 23rd March Levels and Trade Plan

Morning,


Today we will be using 99.25-01.25 as out Bull Bear zone,

Above this ES can go on to test 09-11 where we would need a good intraday setup to short here give the bullish context, Above 11 ES can go on to test all time highs and above here we have no hard resistance so be cautious shorting above here. Use resistance as targets unless we get really weak internally.

Below 99.25-01.25 we can go on to test 91.75-93.75 where we would need a good intraday setup as ES has already tested this level in Globex. Below here ES can liquidate to 80-82 where id expect buyers on first test.

Happy Trading.

Friday, March 20, 2015

March 20th Trade Plan and Levels

Morning,


Today we will be using 93-95 as our Bull bear zone. Below here ES can go on to retest 80.5-82.50 where id expect buying on first test. If ES gets below here we could see 64.75-66.75 where we could cap selling on the day timeframe.

Above 93-95 ES can go on to test 99.50-01.50 where we would need a good intraday setup. above here we could test 04.25-05.75 where id expect some rotation and then 08.50-10.50 which could cap buying unless we see huge strength internally.

Today is Quad witching so be cautious trading today, price action can sometime be erratic.

Happy Trading.

Thursday, March 19, 2015

Thursday 19th Trade Plan and Levels




Today we will be using 92.75 - 94.75 as our bull bear zone. If ES cannot break avove this area we could see a retracement down to our support zone at 80.50 - 82.50 where i would expect buying on first test. Given the extreme movement generated by yesterdays FOMC we would require a good intraday setup to go long of this zone. If ES breaks down lower to make a deeper retracement of yesterdays rally we have 64.75 - 66.75 then 57.75 - 59.75. Again we would require an intraday setup to buy these zones.

On the upside we have 99.50 - 01.50 which capped yesterdays rally. This area could cap the buying again today but given the bullish context we would need an intraday setup to short this zone. If ES can break higher we have 04.25 - 05.75 and 08 -10 at the extremes.

Happy Trading

Wednesday, March 18, 2015

Wednesday 18th Levels and Trade Plan




Today we will be using 64.75 - 62.75 as our bull bear zone. If ES can hold below here we should see a test of 54.25-56.25. This area may hold price until after the pending FOMC statement but a long here would require a good intraday setup. If we break lower 48.50 - 46.60 would be our next support area where i would expect buying on first test

Above the bull bear we have the open gap at 77.75 when we would expect selling on first test - again given that today is FOMC we would need to see a good intraday setup to short this zone. Above the 77.75 we have resistance at 81.50 - 83.50 and 93.25 - 95.25 at the extremes which could cap the upside.

Happy Trading


Tuesday, March 17, 2015

Tuesday 17th Levels and Trade Plan

Morning,



Today we will use 65-67 as our Bull Bear zone. If ES can hold below here we will look for the ES to go back into 46.50-48.50 where we would need to see a good intraday setup to go long here. We then have 42-43 support where we could see buying on first test and then 35.25-37.25 where id expect to see buying on first test. This could cap the downside.

Above 67 ES can go on to test 77.25-78.25 and then 81.50-83.50 where id expect to see selling on first test. Above 83.50 ES could break out to 93.25-95.25 where id expect to see selling on first test and this could cap the upside breakout.

Happy Trading.

Monday, March 16, 2015

Monday March 16th Trade Plan and Levels

Morning,



Today we have our Bull/ Bear zone at 35.25-37.25. Above here Bulls are in firm control and can take us to test 59-61 where id expect to see selling on first test. Above 61 ES can test the 63.75 OG and then 65.50-67.50 which could cap buying on the day time frame.

Below 35.25 ES can go on to test 21-19 where id expect to see buyers on first test.

The key today is for ES to stay above 35.25-37.25.

ES Looks sets to open well above fridays Value so a test of 48.5-46.50 looks to be the ideal scenario from the open, however we would need the perfect setup to long here and 35.25-37.25 would be the primary downside target if we got bearish early on.

Happy Trading.

Friday, March 13, 2015

13th March Trade Levels and Plan

Hi guys, Today ill be quoting the June Contract.  (picture is a continuous)


We will be using 47.50-45.50 as or bull bear zone today. Above here ES can go and test 59-61 where we could see sellers on first test with a good intraday setup. Above here we have 65-67 where id expect to see sellers on first test also.

If Es can break below 45.50 Es can test 35.75-33.75 where id expect buyers on first test. Below here ES could liquidate to 21.50--19.50 where buyers can be active on first test.

Happy Trading.

Thursday, March 12, 2015

Thursday 12th March Levels and Trade Plan

Morning,


Today we will be using 46-48 as todays B/B zone, Above 48 ES can run to test 65-67 where id expect to see sellers at first test. Above here ES can see 73.25-75.25 and the 77.75 open gap. 

Below 46 ES can test 35.75-33.75 where id expect to see buyers on first test, below here ES can run to 19.5-21.5 where id expect to see buying on first test and this could cap the downside. 

Happy Trading. 

Wednesday, March 11, 2015

Wednesday 11th March Levels and Trade Plan

Morning guys,


Today we will be using 47.50-49.50 as our bull bear zone. Above here ES can go on to retest 65-67 which could see sellers on first test with a good intraday setup. Above here ES can go to 73.25-75.25 where id expect to see selling on first test. We have an open gap at 77.75 which could cap buying on the day.

Below 47.50 ES can retest 40-42, which is the level from yesterday. We could see buying again from here if the intraday setup is perfect. Below here we have 33.75-35.75 where id expect buyers on first test and then below here we have 21.50-19.50.

After two days of significant down moves id expect ES to see a rotational type day with buying at support and selling at resistance. However a break of 33.75 could see further liquidation

Thanks.

Tuesday, March 10, 2015

Monday, March 9, 2015

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.

Thursday, March 5, 2015

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 4, 2015

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, March 3, 2015

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, March 2, 2015

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