MDA SnapShot: ES Hourly Chart and Scanner levels, Trump Conference, 1/11/17
Andrew Pawielski - IF - Wed Jan 11, 11:10AM CST
Here you will find the most recent trade levels released today in the Market Dimensions Advisory. This update is showcasing the MDA SnapShot levels with potential buy and sell zones for you to consider executing starting your trading day. If you would like to further discuss these trades do not hesitate to contact me directly. If you are not getting these updates sent to your inbox each morning, please subscribe HERE. To see all MDA updates (morning & intra-day levels, trade recaps, educational material) visit my blog page HERE.
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Published 1/11/17 8:31 am central:
We are right on the edge of moving lower or shooting higher. The Market has been testing this 2260-2265 level for some time and building up volume across all time frames. We could see more shorts come in today and if we are unable to break and close below the 2261 level on the hourly chart we could see a small squeeze. On the other hand, we keep knocking on this door and if we cannot break and hold above 2266 prices, I think we will leak lower and then gain momentum into the mid 2250’s.
At this point in time with the slightly red navigator, I am looking to get short small at the POC level and adding to build a position near the top zone.
Have a look at the Scanner, ES SnapShot Hourly Chart and today’s economic calendar below. We have the EIA crude storage today and a speech by President-Elect Trump @ 10am central.
Click Images for Larger New Window
Market Action Scanner: ES 1/11/17 – 8:06 am
MDA SnapShot: ES Hourly Chart 1/11/17 – 8:06 am
Economic Calendar – 1/11/17
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