Trading plan for Nov. 20, 2015

ESZ5 daily chart

ESZ5 daily chart

ES lost some upside momentum yesterday and went sideways for consolidation. It formed a doji pattern, which meant an indecision day. Today ES could go either direction (trend day) or fluctuate in both directions to shake out weak hands.

November SP500 index option expired yesterday and ES option will expire today. 2075 will be a battlefield for today. Bulls will fight for higher level and bears only want price to close under 2075 level.

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