Contract Rollover (ESM14)

***Today’s Trade Strategy will focus on S&P e-mini March Contract (ESH)…We’ll make the switch to June (ESM) in the next strategy posting.

In yesterday’s trade strategy post, we were anticipating a buy response from the “BIG’s” within the 1858 – 62 zone. Price overshot that zone slightly only to find a low within our key “Money-Box” Zone (1855.65 – 1857.75)…Also, one of our “key metric’s” where we calculate the 5 day minimum average value-area low at 1857.25. We consider yesterday’s reversal from this zone to be a “perfect hit”. This price action keeps the Bull’s resolve and appetite intact.

Today’s Levels and Trade Strategy: Since it’s rollover, we anticipate some reduced volatility to minimize the impact of rolling into and out of the corresponding contract months. Key levels to focus on will be…Buy Zone: 1862.00 – 1865.00 ┬áSell Zone: 1872.00 – 1875.00 Out tactical trade strategy will be more responsive at the stated upper and lower zones with intra-day dynamic S&R levels adjusted accordingly in the Live Trading Room.

Stay Nimble and Flexible…ALWAYS USE STOPS!

Good Trading,

David

Habitude Ten
I know anything can happen, and I can handle anything that does happen. I am open minded. My thoughts and perceptions are clear. I know what to look for. I have rehearsed everything. I adapt to change. I will listen to my indicators and the patterns that emerge. I will adjust and not demand that things continue as they first started.

 


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