ES - August 6th Evening Open / August 7th Daily Trading Plan

6 ส.ค.

We held the 6324 level today and institutional buyers stepped in at this level and we rallied to our targets for the day. We currently have our first support down at 6363 level and an ultra-bull case for tomorrow is to build a flag and break out above 6380 with targets of 6386, 6402+

Ideally, we would pull back overnight and flush 6344, 6323 or the 6315 level and reclaim for a nice move up the levels. Either way, trend is still up, and short-term bulls need to hold 6315 level, or we will probably retest the levels below at 6297, 6280, 6252 and then the Friday's low of 6240.

I will update my August 7th trading plan tomorrow am as we need to see what price does in the evening session. My lean is we don't lose 6344, but any flush and recovery of levels outlined we should continue up higher.

7 ส.ค.

บันทึก

1pm EST - Update
Price rallied overnight and we are now coming into the 6344 level. We really need to clear 6368 level to continue higher. We have been selling into each major resistance level and have not cleared any level for a reclaim and price action. You can view my August 7th - Daily Trade Plan with more details about today's session.