S&P Edge (ES) Daily Plan: The 6822.25 Make-or-Break Pivot
A detailed ES daily trade plan for Nov. 11th, breaking down the 6883.00 resistance, the key 6822.25 support, and multiple “alpha” long setups.
Scheduled News:
Options VOL Levels:
Good morning everybody. Today is November 11th, it is Tuesday, it is Veterans Day. It is technically a bank holiday, but the markets are open. We will be expecting low volume today simply because of the lack of certain parties’ participation, but that doesn’t mean that we won’t get some moves.
Yesterday, we had a magnificent rally of over 100 points (including the gap up). They pulled back in the early morning and ended up sweeping our significant 6805.50 daily and 6801.00 daily. Upon the reclaim, we were able to get long and ride this up for a beautiful trade that lasted all day.
Moving into today, we had a very strong close, but are fading back about 20 points this morning after getting underneath our 6855.00 pivot. We have one specific area that could make or break this rally for today.
Sign Up for 30 Days Free: CLICK HERE FOR SIGNUP
Join the 5 PM Post-Market Breakdown: CLICK HERE FOR YOUTUBE
Follow Me on Twitter: @RyanBaileyEdge
Follow the New YouTube Channel: @RyanBaileyEdge