Sunday GLOBEX Prep - ES E mini S&P500 NQ NASDAQ 100 Premarket Trade Plan - The Pit Futures Trading

1 year ago

#daytrading #livetrading #stocks #futurestrading

ES, NQ and RTY are all riding their upper 2nd standard deviations on the Daily charts but will be opening tonight's GLOBEX session off the bands. While technically riding the bands is a sign of strength, in this case for Buyers, opening off the bands can lead to mean reversion. So I am going to look to my volume by price levels and ES Buyers to defend 4142 and NQ Buyers to defend 12500 this week. On the shorter timeframe I am watching NQ support at Friday's open and low of the day and the hourly mid which is just inside Friday value. Any dips below these levels and ES will be testing or below 4142 where the ES Friday low and value low could be the support. Any gap down tomorrow below these levels and I think Sell the rally mode could be back in business. Key resistance I want to see ES buyers take out will be 4170 and NQ 12800. Above these I think we can retest ES 4208 and NQ 13000.

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