the levels on this chart can be adjusted to Es by adding 4 points to the numbers. At his point looking for a range trade between the tow upper levels so a long at bottom of range and short from top. a break above the top line will require a new look for upper target. if we move below 89 then see a move to 85 and if we hang out in this area with little bounce then a move to 85 and 76 is highly possible. Look s tome a bounce on open then sideways followed by a test of the 89 area to see if bears are coming out to play, low volume at this level will keep me from holding much conviction to my short.
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The levels on this chart can be adjusted to ES by adding 4 points to the numbers. At this point looking for a range trade between the two upper levels so a long at bottom of range and short from top. a break above the top line will require a new look for upper target. if we move below 89 then see a move to 85 and if we hang out in this area with little bounce then a move to 85 and 76 is highly possible. Looks to me a bounce on open then sideways followed by a test of the 89 area to see if bears are coming out to play, low volume at this level will keep me from holding much conviction to my short.
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sorry for typos second one fixes them
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so far right to plan
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now keeping eyes on 2893
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oops es number 89 for spx
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How we played this was discussed inthefutres trade room. but one more good day of trading