Technical Analysis

Longer Term Trading Plans for ES

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short ES slightly under 65.66, target n/a, stop loss @ 65.85 Details

The technical summary data is suggesting a short of ES as it gets near 65.66, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 65.85. 65.66 is the first level of resistance above 64.16, and by rule, any test of resistance is a short signal. In this case, if resistance 65.66 is being tested, so a short signal would exist.

Swing Trading Plans for ES

• Buy ES slightly over 65.66, target 69.85, Stop Loss @ 65.47 Details

If 65.66 begins to break higher, the technical summary data tells us to buy ES just over 65.66, with an upside target of 69.85. The data also tells us to set a stop loss @ 65.47 in case the stock turns against the trade. 65.66 is the first level of resistance above 64.16, and by rule, any break above resistance is a buy signal. In this case, 65.66, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ES slightly near 65.66, target 64.14, Stop Loss @ 65.85. Details

The technical summary data is suggesting a short of ES if it tests 65.66 with a downside target of 64.14. We should have a stop loss in place at 65.85 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 65.66, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ES

• Buy ES slightly over 64.52, target 65.66, Stop Loss @ 64.37 Details

If 64.52 begins to break higher, the technical summary data tells us to buy ES just over 64.52, with an upside target of 65.66. The data also tells us to set a stop loss @ 64.37 in case the stock turns against the trade. 64.52 is the first level of resistance above 64.16, and by rule, any break above resistance is a buy signal. In this case, 64.52, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ES slightly near 64.52, target 64.14, Stop Loss @ 64.67. Details

The technical summary data is suggesting a short of ES if it tests 64.52 with a downside target of 64.14. We should have a stop loss in place at 64.67 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 64.52, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

ES Technical Summary | Raw Data for the Trading Plans