March 15, 2013

E-Mini S&P day trading plan

E-Mini ES Day Trading

The E-Mini
S&P breaks the major symmetry resistance at 1548.25 as it moves higher into
the overbought territory.  It looks like
the highs of this bull price-channel aren’t slowing it down, so we have a
challenging environment on the E-Mini S&P now.  
We can try to buy pullbacks with these new higher-highs
and use the big-round-number profit-target above us but we know that the highs
of the bull price-channel can make this very difficult.  We would rather wait for a deep pullback into
the buy zone at 1519.0 and then look to buy, or wait to see if the buyers fail
and sell these new higher-highs.  Join us HERE.

    schooloftrade

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