Trading plan for Nov. 13, 2015

ESZ5 Daily chart

ESZ5 Daily chart

ES gapped down before the market opened and never recovered, spurred on by the tanking energy price, and closed at low of trading range. ES lost 28.50 points from its prior closing.

The total trading volume was heavier on the downside, especially in the afternoon trading session. ES lost the support at the 200SMA line (2058.50), and this line will become the major resistance line for today.

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