小学生的 ES 作业 (1/5/2016)

HappyMoney

Yesterday late afternoon spike took ES closed at the high of the day. But today bulls didn't show enough power to build further on that rally. Even though SPX closed the day +4, the buying was anemic, and bulls seem no rash to buy. Today ES drifted back and forth several times within 19 points. Not a small range swing, but lack of direction.

Now what's next on ES. Yesterday low is the downside reference. Yesterday's opening gap has not been filled. I checked the SPY chart back from 1995. There is only 1 big opening gap on the first trading day of the year and still unfilled. That was a gap up of $2 on SPY in 2013. SPX was up 30% on that year. I am bearish but not supper bearish in 2016. So I am thinking maybe the gap on the first trading of this year will be filled some time later.

ES tomorrow trading:
·         ADP report at 8:15 am. FOMC minutes at 2:00 pm.
·         Bias neutral for tomorrow. ES need to get above 2014.25 to bring more buyers. It has the potential to fill the gap and target 2030~2034.5. Above 2014.25, next resistance is 2025~2027.5.
·         Below 2014.25 is neutral to bearish. Initial downside target 2003~2006.
·         Below 1995 could bring more sell stops and head to 1980.
·         The buy side momentum was weak today. Be very cautious when chasing longs. The better trade might be to short the resistance when the gap is filled at 2030~2034.

bucks

ysc

smin33

风行过

checking yearly gap should not be that important. i mean this should be treated as a regular day or weekly gap.

acoust

HappyMoney

风行过 发表于 2016-1-5 07:48 PM
checking yearly gap should not be that important. i mean this should be treated as a regular day or  ...

高见！谢谢！