Category Archives: Market Analysis & Outlook

E-mini S&P 500 Futures Key Levels & Trade Plan 11-25-2014

E-mini S&P 500 Key Levels

Market Brief Overnight, Buyers held ES above 2064 (yesterday’s Low) and we got a (marginal) new all-time high on the GDP report. Heading into the open, we’ll be watching to see whether the overnight break-out is holding or failing. We have Pre-Market Support at 2067-2069, and Buyers can maintain firm control above that Zone. A Read More …

E-mini S&P 500 Futures Key Levels & Trade Plan 11-24-2014

E-mini S&P 500 Key Levels

Market Brief Overnight, Buyers were active and held ES above the previous VPOC of 2060.75. Heading into the open, Buyers are in control but the market is running on very light volume so even though ES has potential to set a new all-time high, if the volume remains this light, the upside would be fairly Read More …

E-mini S&P 500 Futures Key Levels & Trade Plan 11-21-2014

E-mini S&P 500 Key Levels

Market Brief Overnight, ES held above the 2050 HVN and continued to make new all-time highs with the strong upside break-out triggered by the Peoples Bank of China rate cut. Initiating Longs at these elevated prices is risky, so the plan for today is to be patient and wait for a pullback into support. We Read More …

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 …

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