Trading plan for June 2, 2016

160601-ES-daily

ESM6 June 1, 2016. Daily chart.

ES recovered Monday’s loss but closed below the 2100 psychological resistance line. The overhead resistance continues to hold ES down.

The market rallied 11 points late Tuesday afternoon and continued to rally in the overnight market until it hit the 2100 line in overnight trading.

Then it dropped straight down on light trading overnight and rallied back to the 2100 line in the days session, the second time it two days the rally has been halted at that point.

Member content