Thursday, December 30, 2021

Todays trade plan,   in ES NQ and Cl,   buyers remain in overall  in overall control,   So,   the trades with the highest odds of a strong result will come from pushes down that set up on process.   The highest odds locations for longs will come from prior sessions low, (Green line) Prior days lows (orange lines) and yellow zones below value area low, (pink lines) as we are in such a strong market,  pushes down are harder to find,    so more advanced traders can use the algo set ups to find high odds longs with good risk control,   again, would be better to get a push down,  but that is unlikely in holiday trading,    shorts should be considered very aggressive and the best locations for those shorts would be on extensions up and above globex high, yesterdays highs or on big stretches' up,   again,  with the short side of the trade having to be considered more difficult because of the underlying strength.    Also,  watch for mis matches between NQ and ES,   if one is down alot, and the other is up alot it makes for difficult trading in both.    No matter what you do , make sure your on process.   Again,  I favor looking for longs this am.  

ES


NQ


CL




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