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 …

E-mini S&P 500 Futures Key Levels & Trade Plan 11-06-2014

E-mini S&P 500 Key Levels

Market Brief The primary idea for this morning was that Buyers are in control above 2011-2013, and holding above it can lead to a break-out above 2018-2020 for a range extension into 2025-2027 — and that idea played out as I was posting the morning trade plan. That doesn’t affect today’s S/R Zones, but now Read More …

E-mini S&P 500 Futures Key Levels & Trade Plan 11-05-2014

E-mini S&P 500 Key Levels

Market Brief Overnight, the break-out above 2008-2010 put Buyers in control and ES got within 1 tick of the 2019.25 all-time high. Heading into the open, Buyers are in firm control. We have Pre-Market Support at 2013.50-2015 where aggressive Buyers could be active if the market is very strong. Below it, we have Initial Support Read More …

E-mini S&P 500 Futures Key Levels & Trade Plan 11-04-2014

E-mini S&P 500 Key Levels

Market Brief Overnight, ES failed at the previous VPOC (12.25) and balanced at the bottom of the recent range. Heading into the open, we’ll be using 2005-2007 as the Micro Bull/Bear Zone to establish short-term directional bias. Holding above 05-07 would bring the 2010 High Volume Node into play. A break-out above 2010 would confirm Read More …

E-mini S&P 500 Futures Key Levels & Trade Plan 11-03-2014

E-mini S&P 500 Key Levels

Market Brief Overnight, ES balanced above the 2004-2006 Support (Overnight Low = 2007). Continuing to balance at the highs could lead to a break-out above the 2012.50-2014.50 Initial Resistance, and ES can make a new all-time high above 2016.75. Buyers can maintain control above 2003-2005. On the downside, a break & hold below 2003 (and Read More …

E-mini S&P 500 Futures Key Levels & Trade Plan 10-31-2014

E-mini S&P 500 Key Levels

Market Brief Overnight, ES broke out above yesterday’s high and set a new all-time high (2016.75). Heading into the open, Buyers are in firm control above the 2004-2006 Initial Support Zone. On the upside, we have a High Volume Node at 2011 followed by Initial Resistance at 2014-2016.50. A break-out above 2011 could lead to Read More …

E-mini S&P 500 Futures Key Levels & Trade Plan 10-30-2014

E-mini S&P 500 Key Levels

Market Brief Overnight, ES failed at the 78.50-80.50 Resistance and sold off down to 1959.25. Heading into the open, we have Initial Resistance at 1968-1970.50; short-term, holding below that Zone would leave Sellers in control. On the downside, 1959.25-1961.25 is an important inflection point. Holding above 1959.25-1961.25 would indicate more of a balanced market, while Read More …

Name Email