Trading plan for March 11, 2016

160310-ES-daily

ESH6 March 10, 2016. Daily chart

ES had a range expansion move yesterday. It went up during overnight trading in response to the European Central Bank’s new easing program, but later sold off to have a contract rollover move. At the end ES closed with a tiny change, up 3 ticks on the day.

Nothing changed much on the daily indicators. The conflict we mentioned yesterday remains, and indicates the ES will continue moving in both directions as it did yesterday the favorable seasonality runs out.

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