Author Archives: Awais

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

E-mini S&P 500 Key Levels

Market Brief Overnight, ES broke below the recent lows and found Responsive Buyers at 2009.50-2010.50 (Pre-Market Support) and the other markets dipped lower and tested their Support. Heading into the open, we’ll be using 2016.50-2018.50 as the Micro Bull/Bear Zone to establish short-term directional bias. Holding below that area would indicate Sellers in control, while Read More …

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

E-mini S&P 500 Key Levels

Market Brief Overnight, ES balanced within a range. Heading into the open, we’ll be using 2026.75-2028.75 as the Micro Bull/Bear Zone to establish short-term directional bias. Failure at 2026.75-2028.75 would bring the 2019-2021 Initial Support Zone and yesterday’s Low at 2016.50 into play. Usually, after a strong sell-off, the market will test the previous day’s Read More …

E-mini S&P 500 Futures Key Levels & Trade Plan 12-10-2014

E-mini S&P 500 Key Levels

Market Brief Overnight, ES balanced in a range. Following the big moves over the last two days, ES will likely balance in a range and consolidate that movement. Given the strong rejection off Support, Buyers are still a little more dominant (especially considering the strong reversal in TF). Heading into the open, we have Pre-Market Read More …

E-mini S&P 500 Futures Key Levels & Trade Plan 12-09-2014

E-mini S&P 500 Key Levels

Market Brief Overnight, ES broke below an established balance area and at this point, Sellers are in firm control. We have Pre-Market Resistance at 2043.50-2045.50 followed by Initial Resistance at 2049-2051. On the downside, we have Initial Support at 2035.25-2037.25 followed by 2031-2032 and finally 2025.25-2027.75. Responsive Buyers will likely defend 2035.25-2037.25 and 2031-2032, so Read More …

E-mini S&P 500 Futures Key Levels & Trade Plan 12-08-2014

E-mini S&P 500 Key Levels

Market Brief Overnight, Sellers gained short-term control as ES broke below Friday’s Low and balanced in the lower part of the overnight range. The market is setting up for a directional move. Heading into the open, we’ll be using 2067.75-2069.75 as the Micro Bull/Bear Zone to establish short-term directional bias. Holding above it, and breaking-out Read More …

E-mini S&P 500 Futures Key Levels & Trade Plan 12-05-2014

E-mini S&P 500 Key Levels

Market Brief ES held up well after the NFP/Employment Report. We’ll be using 2066-2068 as the Bull/Bear Zone to establish directional bias; Buyers can maintain control above that Zone. On the upside, we have Initial Resistance at 2075-2077 (all-time high 2077.25) – a break-out above that Zone would confirm Buyers in control and could lead Read More …

E-mini S&P 500 Futures Key Levels & Trade Plan 12-04-2014

E-mini S&P 500 Key Levels

Market Brief Overnight, ES balanced in a range. The next economic catalyst is tomorrow’s Employment Report so the market could just continue balancing in a range today. Buyers remain in control above the 2066.50-2068.50 Initial Support Zone. Below it, we have Support at 2063.25 and 2058-2060. On the upside, we have Resistance at 2075-2076 (all-time Read More …

E-mini S&P 500 Futures Key Levels & Trade Plan 12-03-2014

E-mini S&P 500 Key Levels

Market Brief Overnight, Responsive Buyers were active on the pullback to 2063.25 and Sellers continued to be active at the 2067-2068 Resistance. Heading into the open, the 2066-2068 Pre-Market Resistance is an important inflection point, and how the market reacts at that Zone will tell us where ES could be headed. Failure at 2067-2068 could Read More …

E-mini S&P 500 Futures Key Levels & Trade Plan 12-02-2014

E-mini S&P 500 Key Levels

Market Brief Overnight, ES balanced within a range. Heading into the open, we have the Previous VPOC at 2052.75 and Pre-Market Support at 2049.50-2051.50; holding above that Zone would indicate some level of stability in this market, and Buyers could re-gain short-term control. On the upside, we have Pre-Market Resistance at 2057-2059; a break-out above Read More …

E-mini S&P 500 Futures Key Levels & Trade Plan 12-01-2014

E-mini S&P 500 Key Levels

Market Brief Over the last two sessions, Sellers have been dominant and we’ve seen a pullback in the markets, but overall we’re still trading in a range. The directional bias is neutral here. On the upside, we have Pre-Market Resistance at 2060.75-2062.75; holding below this Zone confirms Sellers still active and dominant. Above it, we Read More …