We had another MDA SnapShot today in the ES market. Below is the email that was published highlighting the long and short zones. The long zone was never reached but we were able to get short at the sell zone today. To trade, these ideas contact me directly and follow join the MDA community.
The ES market had quite a wide range in the overnight. With us starting the session breaking below the 1900s and then catching some support and slowly trending higher. On our opening this morning we were near the highs of the session. This was the 3rd time at this level and it got rejected and sold off.
Our MDA SnapShot Chart on a 30 min has quite a spread between the buy and sell zone. So it will have to be up to the individual trader on how much they are looking to risk.
I think if we do take another run at new highs we could see a short term pop up to the high volume area around the mid to high 1930s. Look at that high volume area around 1937.00
If we start breaking below 1917.00 we could potentially see us move toward the 1904.00 level and work to break new lows. If you are looking for a longer term bearish move on this market, which has been in place the last couple weeks look to sell at the 1904.00
MDA SnapShot 30 ES Chart:
Market Action Scanner ES:
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