Wide Ranges

Share Button

  After yesterday's breakout to a high of 2010.50 price fell back below the key 1994 area of mS and continued lower taking out MS at 1977 and finally finding a support area at 1966.82.  Price since has rallied all the way back up to the 2010.50 area.  They should sell this area, I'm not sure that price is going to pull back all the way back down to the 1966 level, so I've drawn in possible mS areas that price may be able to hold and continue higher.  Price did hit below the 1970 area where I wanted to sell my Put Credit Spreads, but since it was late in the day, I was not by my computer and I failed to get them on 🙂  Oh well, so much for my "best laid plans". 

ES 03112016 Friday am
                      ES 03112016 Friday am

This entry was posted in ES Market update and tagged . Bookmark the permalink.