Trading plan for Dec. 1, 2016


ESZ6 Nov. 30, 2016. Daily chart.

ES mainly went sideways and tried to hold price up around 2200 level for monthly closing.

Member content

This section contains the detailed buy/sell levels for Thursday. It is reserved for paid subscribers

Want more?

You can get instant access to this information and other valuable stuff for a modest monthly fee. Please visit this page for the details.

Hi , Read or download the full trading plan here:

[gview file=””]


Today 2198.50-97.50 will be a key zone. A stay above it could push ES up to test yesterday’s high area. A move below it could go down 2191-2189.25 (Aug/Sept monthly high) which was current monthly breakout point.

Both daily PMO and Slow STO indicator are overbought. Yesterday we saw strong but orderly selling at 2213.50-11.75 in the early morning, then at 2208-06.50 around lunch-time,zone, and at 2198.50 after 4pm NYSE closing. it indicates that more selling could following soon. Therefore we should continue to focus on the sell side if there is a bounce today.

Support and resistance

Major support levels: 2190.50-93, 2183-81, 2172-74, 2165-62.50
Major resistance levels: 2212-10.50, 2220.50-26, 2235.50-37.50, 2245-48


Short-term —- Bullish
Medium term —–Bullish
Long term —- Bullish

Comments are closed.