Nov. 12 at 1:05 AM
$ES Trade Plan:
Market Context: The last close is
$73.29, positioned between the 60D high of
$75.25 and the low of
$61.53, indicating a range-bound environment. The RSI at 50.94 suggests neutral momentum, while the MA30 at
$72.92 and MA50 at
$70.17 indicate a slight bullish trend as the price is above both moving averages.
Directional Bias: The proximity to the 60D high and the support from MA30 and MA50 suggest a bullish bias, but the neutral RSI indicates caution.
Suggested Entry: Consider entering a long position above
$73.50 to confirm upward momentum.
Stop: Set a stop loss at
$71.80, below the MA30 for risk management.
Targets: First target at
$75.00, approaching the 60D high, and a second target at
$75.25, the 60D high.
Monitor the trade closely, as volatility indicated by ATR at 1.52 may influence price movements.
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