Leap Day Trading Plan Levels for Eminis

Feb 29, 2016: 11:24 AM CST

It’s hard to believe it’s Leap Day 2016 already!

Let’s jump right in to our Monday Trade Planning Levels for the S&P @ES (E-minis) and trade the movement toward or away from these key levels.

I’ve been highlighting these levels each day to our Daily Planing Members (join us for access).

A quick glance reveals the key importance of the 1,940 @ES pivot.  It’s the rising 20 EMA on the Hourly Chart and – more importantly – the 50% Fibonacci Retracement of the 2016 swing as drawn.

We’re seeing – as expected/logical – an initial bounce or rally “up away from” 1,940 toward 1,960 and probably 1,971 our short-term upside swing target.

The alternate or breakdown thesis triggers under 1,940 which opens a sell pathway back toward 1,920 then 1,907.

Whatever other strategies you’re using, print out and focus your attention on the 1,940 pivot and the upper/lower targets accordingly.

We trade the movement (usually in the form of intraday retracement trades) toward or away from these levels.



2 Responses to “Leap Day Trading Plan Levels for Eminis”

  1. Trading Plan for Leap Day Says:

    […] By Corey Rosenbloom […]

  2. Taylor Says:

    Honestly for me every day is just like any other day. In my view if we’re willing to success then we should always be prepared to work through proper planning. I always do proper planning and that’s why I am able to perform well. It’s easier for me to do the work with OctaFX broker because of their conditions which is with low spreads from 0.2 pips to high leverage up to 1.500 while there is also lovely cTrader platform which helps so much.