Monday, October 19, 2015

ES futures paper trading for Monday

ES futures "Bullish" for today. Price should test 2030 by today, at this level there is some resistance. Also, there appears to be hidden bullish divergence i.e., Price (Higher-low) MACD indicator (Lower-low).  

Trade#1: Long@ 2021.00, Target 2030, Stop: tick below 2018 Update: Stopped out 2016.75. 

Trade#2: Long@ 2019, Target 2030, Stop: price close below 2017.50 Closed 2019.5. Reversing

Update analysis
On 5Hr chart there is Bearish Divergence i.e., (Price higher-high) MACD (lower-high)
Trade#3: Short @ 2019.5, Target: Not sure, maybe 2007, Stop: 2027. Update: Adding short @ 2024.75

No comments:

Post a Comment