Author Archives: Awais

E-mini S&P 500 Futures Key Levels & Trade Plan 11-20-2014

E-mini S&P 500 Key Levels

Market Brief Overnight, Sellers were dominant and pushed ES back down to the 36-38 Support. Heading into the open, we’ll be using the 36-38 Support and the 40.50-41 Pre-Market Resistance to establish our short-term directional bias. Holding above 36-38 would tell us that Buyers are still active in this market, and a break-out above 40.50-41 Read More …

E-mini S&P 500 Futures Key Levels & Trade Plan 11-19-2014

E-mini S&P 500 Key Levels

Market Brief Overnight, Buyers held ES above the 43-46 Support. Heading into the open, we have Initial Support at 2042.75-2044.75 and Buyers can maintain control above that Zone. We got the upside break-out yesterday and today is the test of that break-out. Buyers would need to hold ES above 42.75-44.75 in order to confirm the Read More …

E-mini S&P 500 Futures Key Levels & Trade Plan 11-18-2014

E-mini S&P 500 Key Levels

Market Brief Overnight, ES held above the 35-37 Support leaving Buyers in Control. Heading into the open, we have Initial Support at 2035.25-2037.25 and Buyers remain in Control above that Zone. Holding above it could result in an upside break-out to new all-time highs. On the upside, we have Pre-Market Resistance at 2040.25-2042.25; a break-out Read More …

E-mini S&P 500 Futures Key Levels & Trade Plan 11-17-2014

E-mini S&P 500 Key Levels

Market Brief Overnight, the break below 33-36 resulted in a test below the recent lows of 26.75, where Responsive Buyers were active and pushed ES back up to 33. Heading into the open, the directional bias is Neutral. We have Pre-Market Support at 2031; holding above it would indicate Buyers still in control. On the Read More …

E-mini S&P 500 Futures Key Levels & Trade Plan 11-14-2014

E-mini S&P 500 Key Levels

Market Brief Overnight, Buyers were active at the 31-33 Support (33 HVN) and Sellers were active at the 38-40 Resistance. Heading into the open, we have Initial Support at 32-34 and we’ll be using that Zone to establish our short-term directional bias. Buyers can remain in control above 32-34 while a break & hold below Read More …

E-mini S&P 500 Futures Key Levels & Trade Plan 11-13-2014

E-mini S&P 500 Key Levels

Market Brief Overnight, ES broke out to a new all-time high but the break-out failed, and short-term, Sellers have been more dominant. Heading into the open, we have Initial Support at 2032-2034 (Key HVN 2033.25) and Pre-Market Resistance at 2038.50-2040.50. Given the failed overnight break-out, it makes sense to be cautious on the Long side Read More …

E-mini S&P 500 Futures Key Levels & Trade Plan 11-12-2014

E-mini S&P 500 Key Levels

Market Brief Overnight, the short-term control shifted to Sellers. Heading into the open, we’ll be using 2028.50-2030.50 as the Micro Bull/Bear Zone to establish short-term directional bias. Holding below it would indicate Sellers in control, which could lead to a liquidation move down to the 2019.50-2021.50 Initial Support Zone where Responsive Buyers can be active Read More …

E-mini S&P 500 Futures Key Levels & Trade Plan 11-11-2014

E-mini S&P 500 Key Levels

Market Brief Overnight, ES made a new all-time high and then started to balance in a range. Today is a U.S. holiday (Veterans Day); the Bond market is closed and volume is very light in the futures markets. With that in mind, if you’re trading today, it’s best to be very selective because the reward Read More …

E-mini S&P 500 Futures Key Levels & Trade Plan 11-10-2014

E-mini S&P 500 Key Levels

Market Brief Overnight, Responsive Buyers were active at the 21-23 Support and Sellers were active at the 27.50-29.50 Resistance. Heading into the open, Buyers remain in firm control above the Previous Close of 2026 and Previous VPOC 2028. We’ll be using 2022-2024 as the Micro Bull/Bear Zone to establish short-term directional bias, but ideally Buyers Read More …

E-mini S&P 500 Futures Key Levels & Trade Plan 11-07-2014

E-mini S&P 500 Key Levels

Market Brief Overnight, ES continued to make new all-time highs. Heading into the open, we’ll be using 2024.25-2026.25 as the Micro Bull/Bear Zone to establish short-term directional bias; Buyers remain in firm control above that Zone. On the upside, we have Pre-Market Resistance at 2032-2034, but we have to keep in mind that there is Read More …

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