Showing posts with label #IWM Support and Resistance Levels. Show all posts
Showing posts with label #IWM Support and Resistance Levels. Show all posts

Thursday, July 23, 2015

#ES_F #NQ_F & #IWM Bias Update & Levels for Thuesday, July 23, 2015

#ES_F #NQ_F & #IWM Bias Update & Levels for Thuesday, July 23, 2015SocialTwist Tell-a-Friend

Right now all three indexes ESU5/SPY, NQU5/QQQ, and TFU5/IWM have macro lower highs to be Short against, especially in TFU5/IWM which has been a bearish divergence for most of this week other than yesterday.

Today I will be looking to start new swing Short positions in all three indexes if any or all three indexes bounce to +3Sigma or even at center Sigma and I will do so as long as ESU5 holds below 2114s, NQU5 holds below 4635s, or IWM holds below 125.80. Once/if above these mentioned levels I will negate my short-term Short swing bias, and then re-engage at higher mapped out levels depending the daily and 60min Sigma & CI indicators.

Once engaged in the swing index Shorts I will then be looking for ESU5 to breach below 2098s-2094s zone to confirm the Short bias, NQU5 below 4578, and IWM below 123.55 otherwise there will be better chance of more sideways chop and grind before another attempt to make new ATHs.

Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC

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