ES 牛熊战报 2/8/2016

HappyMoney

Today RUT broke below January low by 3 points. Nasdaq closed below January low. Those are more important than the impressive intraday reversal. Today ES left an unfilled gap 1855~1865.75. For tomorrow this gap will be the focus for upside reference.

Yesterday I listed 3 scenarios for rest of February. Today's price action validated the bearish case. So as long as ES below 1865, the risk is to the downside, and target is around 1775. To be clear, this is for swing target, not for tomorrow.

Tomorrow ES trading:
·         Today intraday reversal is very impressive. Need to see whether tomorrow want to build on the afternoon rally, or retest today's low.
·         1864~1865 is the bull/bear zone. Above is bullish. Below is bearish.
·        ES has good odds to go down to 1837.5~1839.5 .
·         Levels to watch: 1880, 1864/1865, 1855, 1837.5~1839.5, 1821.75, 1804.25, 1775.

niwajiang803

bokchoy888

  扎西德勒

源济

新春快乐，吉祥如意！

shibainu

acoust

新春快乐！

HappyMoney

Have to watch USD/JPY, the funding currency. Last night low 114.21. If below 114, it will be very ugly for ES. Bulls want to see it back above 116 and stays.