Trading plan for Feb. 12, 2016

160211-ES-daily

ESH6 Feb. 11, 2016. Daily chart.

ES racked up its sixth losing day in a row yesterday, responding to tumbling oil prices.

Even though it tried to bounce in late-afternoon trading after hints the Saudis are said to be “ready to cooperate” on an oil production cut, the ES still closed in loss.

Today is the Friday before a long weekend, and option expiration. Stay alert.

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