Trading plan for Oct. 7, 2016


ESZ6 toOct. 6, 2016. Daily chart.

Not much change in the short-term outlook. ES moves just like water in the bathtub, bubbles all over the place. However the price continues to be contained inside its triangle range, waiting for today’s non-farm payroll report

Member content

[MM_Member_Decision membershipId=’!(3|4|5)’]

This section contains the detailed buy/sell levels for Friday. It is reserved for Daily and Full Access members.

Want more?

You can get instant access to valuable daily updates by joining Nat’s upper level members. Please follow this link for the details.

[/MM_Member_Decision] [MM_Member_Decision membershipId='(3|4|5)’]

Hi [MM_Member_Data name=’firstname’]. Read or download the full trading plan here:

[gview file=””]


The non-farm payroll report will be the catalysis today. It could help ES to break in either direction.

2160.50-62.50 controls upside move, and 2141-43 controls downside move. ES could run up to 2172-73.50 or higher up to 2181.50-83.50 if breakout, but price also can dip down near 2143.50-41.50 or lower 2133-31 if breakdown.

If the breakout occurs, we should expect a reversal move when price hits its upside target.

In Election period, ES shouldn’t move too far away from 2155 level.


Short-term === Neutral
MEDIUM TERM === Neutral
LONG-TERM === Bullish

Support and resistance

Major support levels: 2135-33. 2123-21.50, 2112-13.50, 2103.50-01.75
Major resistance levels: 2171-72.50, 2181.50-78.50 , 2188-90.50, 2200-01.50


Comments are closed.