ES - New York Session Outlook 27.11.2019 | Support & Resistance
Updated
Levels to watch Today for the New York Session.
See related idea for Yesterday's levels and how they where sensitive during the Day. Although I expected a deeper Retracement, the Resistance Levels noted where good for the New York Session High and Today's London Open High also bounced from a noted Resistance Level.
Not a good idea to pick the High. We are close to Thanksgiving and normally the Markets become more quiet. My Bias is Bullish and only when we will have a deep Retracement and or 1/2 Down Days a Bearish stance is considered. I would look for 'Resistance turns into Support' ideas for Longs and only would consider Shorts below 3130
See related idea for Yesterday's levels and how they where sensitive during the Day. Although I expected a deeper Retracement, the Resistance Levels noted where good for the New York Session High and Today's London Open High also bounced from a noted Resistance Level.
Not a good idea to pick the High. We are close to Thanksgiving and normally the Markets become more quiet. My Bias is Bullish and only when we will have a deep Retracement and or 1/2 Down Days a Bearish stance is considered. I would look for 'Resistance turns into Support' ideas for Longs and only would consider Shorts below 3130
Note
With still 2 Hours to go, we see an Up Close Day once again. The Market opened with a small Retracement 1 point lower than the 2nd Support Level before it found his way up again.In the afternoon the Resistance turns into Support Setup happened at 3150.25 after going through 3150 with speed and conviction.
Now testing the next Resistance at 3153.75.
Note
Note
Thanks for the Likes! Highly appreciated.Happy Thanksgiving to all in the US!!
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