Daily Trading Videos on Options, Stocks, Futures, Forex markets

Tomorrow's Trade Plan

June 14, 2016

Today the ES lost about 18 points, or a little less than 1%. The thing is though, this is the current ATR for the ES, and what a majorly boring loss of 18 points it was, too. What I have described in the video is that essentially I would look for a little more downside, but for that to be ideally met with a bid sometime tomorrow in the way of a little "Turnaround Tuesday" type of trade. Basically, I am looking for sideways to lower tomorrow with a wick on the bottom and ideally a strong close as defined by a close in the upper 50% of the day's range. Should this set up as described, we would then look for follow-through higher starting mid week.