Trading plan for Nov. 23, 2016

161122-es-daily

ESZ6 Nov. 22, 2016. Daily chart.

ES successfully made an all-time high yesterday and successfully closed above the 2200 level. The price action remains bullish.

But the trading volume has been slowly trending lower since last week,which we think could result from holiday trading.

Member content

This section contains the detailed buy/sell levels for Wednesday. It is reserved for paid subscribers

Want more?

You can get instant access to this information and other valuable stuff for a modest monthly fee. Please visit this page for the details.

Hi , Read or download the full trading plan here:

[gview file=”https://www.naturus.com/wp-content/uploads/2016/11/161123-ES-plan.pdf”]

 

Today has a full schedule of economic reports, including FOMC minutes, Durable Goods orders and jobless claims.,

2205.25-03.50 will be today’s key zone. Staying below it could lead ES to repeat yesterday’s range. A move above it could lead ES to make new high up to 2213-15 zone.

The volume is expected to continue being low before the Thanksgiving holiday period. Also expect price fluctuations: pump and dump or the reverse. Or both.

Support and resistance

Major support levels :2155-56, 2143.25-44, 2134-32.50, 2121-23.50
Major resistance levels: 2208-10.50, 2114.50-16.50, 2223.50-21.75

Outlook

Short-term —- Bullish
Medium term —–Bullish
Long term —- Bullish

[/MM_Member_Decision]

Comments are closed.