Wednesday, July 1, 2015
#PreMarket Thoughts and #CL_F Levels for Wednesday, July 1, 2015
CLQ5 still
seems to be heading towards the 56.45
target while below 59.90-60.00 zone
and until first above the low volume area (LVA) at 59.05-59.35 zone there will be better chance of pushing lower to at
least 58.25-58.05 zone then a retest
of 57.90.
If below 57.90 the
next lower for today will be at 57.55.
Hamzei Analytics, LLC
Ethan Premock
Futures & Options StrategistHamzei Analytics, LLC
#PreMarket Thoughts and #ES_F Levels for Wednesday, July 1, 2015
Finally and very happy seeing good ESU5 two way price action with range
and energy so far this week during RTH which is all that matters for traders.
Not sure if the rest of the week will be the same with NFP approaching and also being a short holiday week but if the 2nd half of the year is the
exact opposite of the first half everyday does not need to be as good as the
past two days.
For today first support for ESU5 is value at 2060s/59s. If holding above value during the RTH session there will
be high odds of reaching the key resistance/threshold I have mentioned all week
at 2084s-2098s zone once/if above 2077s/78s.
If back in value
during RTH the 80% Rule will apply
to the downside with potential to reach 2052s-2050s
zone. If below value (-2050) the +30 point rally from yesterday’s RTH
low will likely just be a “dead cat bounce” and the selling will resume to the
first lower target at 2037s-2035s zone
then 2026s/25s, which is a must
defend by the bulls otherwise a deeper pull-back/correction is more likely.
Hamzei Analytics, LLC
Ethan Premock
Futures & Options StrategistHamzei Analytics, LLC
Tuesday, June 30, 2015
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