Wednesday, October 2, 2013

E-Mini S&P Day trading strategy;

E-Mini ES Anchor Chart 
The E-Mini S&P is trading lower this morning, however we can see the short-term trend is sideways.  We can see resistance overhead at 1696.75 and support below at 1672.25.

Our day trading plan on the E-Mini S&P is to sell the highs and buy the lows of the trading-range this morning.  If we see a breakout we will look for a fake-out-breakout and we will try to avoid trading in the middle of the trading-range.

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