Trading plan for Nov. 18, 2016

161117-es-daily

ESZ6 Nov. 17, 2016. Daily chart.

ES attempted to break through the overhead resistance line yesterday. It managed to hold above the prior day’s low at 2168.50 level and close higher.

It helped SP500 index close above 2185 level for option expiration. This suggests there will be an attempt to reach the 2200 level soon.

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