ESM2016_
ES H1: H1 ORIGINAL DEMAND ZONE LONGTOP-DOWN ANALYSIS
DAILY: W are currently inside of a daily demand and reacting from it
H4: We have a h4 supply zone just above us but we havent reached it yet
H1: H1 original demand zone has just been created and it is a good opportunity to buy
TP1: 1:1 R/R
TP2 :Trail your stop till just before the previous resistance high
Good luck!
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S&P 500 E Mini 5m ChartOvernight ES has been trading within a range of 10 points between 2089.50 and 2079.50. It will be interesting to see If ES can get above yesterday's POC(point of control) at 2091, then next target wiil be the VAH( value are high) of 2097.
Based on yesterday RTH, genaral bias is down for today. This AM ES is hovering around yesterday's lower trading range. If ES takes out yesterdays low of 2082 and can not get back higher then all the other levels below 2082 on the chart would come into play.
today in ES April 5th 2016today, looking at 2047 as the point buyers must get serious, and if they do will look for 2052 and 2056, failing buyers showing up and sellers continue to take over then will look for 2035, 2025, 2015. i think we open with a pop up and then see continued down, this is my first idea and will be monitoring 2047 for that short possibility
as you notice these post are not coming everyday anymore just not enough interest.
For updates on numbers and some trade ideas during the day come find me in my chat room at www.inthefutures.com