Trading plan for April 20, 2016

160419-ES-daily

ESM6 April 19, 2016. Daily chart.

ES had a continuation high move yesterday. But the 2100 psychological resistance prevented the price from popping Higher. Bears defended the 2100 line well, while the Bulls also didn’t loses the support at the 2085 line.

The upside momentum was not as strong as Monday during yesterday’s regular trading hours. ES went up and down to consolidate the closing of the prior day’s gap. We still haven’t seen a strong thrust move yet. Today or tomorrow may be the day.

Member content