Naturus Trading plan for Oct. 25, 2016 -

ESZ6 Oct. 24, 2016. Daily chart.

ES gapped up above its broken support level for the open and managed to hold above it for closing. The price action was bullish, but the volume was very thin. It could result from Monday’s index option behavior.

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This section contains the detailed buy/sell levels for Tuesday. It is reserved for Daily and Full Access members only. Trading plans for previous days are available free of chart in the archives.

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Today ES could continue going up in the early session if it can hold price above 2140 level. A failure to hold could lead ES to fill yesterday’s gap at 2134.75

2140-42.25 could be a choppy zone for today’s trading. ES will struggle to hold price above that level and will try to push price up to 2155-65 zone if we see new buyers showing up.

The daily PMO indicator turned up, it could help hold the price up or move up to the top of the rectangle pattern. A break above 2158.50-59.50 zone will be bullish. It means the broken support has been regained and becomes a support line again.