Weekly Setup and 10 AM TRADE
This is a holiday abridged week. I expect market volume to taper off after Tuesday or so, with it coming alive following Monday. Thursday and Friday, the NYSE remains closed. Happy Thanksgiving!
My Weekly Scenarios
Scenario 1: I think if we are able to remain above 4510-4515 this week, there may be a tendency to test 4552 area. I do think there is a possibility of a range extension into 4586-4600 due to seasonality, mega caps etc.
ES Weekly Trade Plan
Inflection: 4508-4512
Upper Levels: 4545 / 4565 / 4606-4614 / 4634
Lower Levels: 4484 / 4467-4474 / 4423-4430 / 4400
ES Monday Trade Plan
Inflection: 4508-4512
Upper Levels: 4537 / 4545 / 4560-4566 / 4580
Lower Levels: 4500 / 4493 / 4474 / 4467
STAY FROSTY!
My Weekly Scenarios
Scenario 1: I think if we are able to remain above 4510-4515 this week, there may be a tendency to test 4552 area. I do think there is a possibility of a range extension into 4586-4600 due to seasonality, mega caps etc.
ES Weekly Trade Plan
Inflection: 4508-4512
Upper Levels: 4545 / 4565 / 4606-4614 / 4634
Lower Levels: 4484 / 4467-4474 / 4423-4430 / 4400
ES Monday Trade Plan
Inflection: 4508-4512
Upper Levels: 4537 / 4545 / 4560-4566 / 4580
Lower Levels: 4500 / 4493 / 4474 / 4467
STAY FROSTY!
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