- in Uncategorized by schooloftrade
Mini-Russell day trading plan
 |
| Mini-Russell 60-Minute |
Reminder,
the contract rollover on the Mini-Russell is tomorrow, June 12th,
when the volume on the 09-13 contract exceeds that of the 06-13 contract. We can see the 60-minute anchor chart tells
us that we’re trading lower this morning, off the highs of the bear price-channel
and into a big range of buy-zones. We can
see many attempts to move lower have failed over the last week, which has
created this demand zone which the Mini-Russell will now have to push
through. We know the 60-minute chart
tells us that selling short appears to be where the market personality WANTS to
go, but it may be too sloppy selling short inside of these buy zones. We will be better-suited waiting for the
sellers to exhaust and buying at support levels below us at 979.7, 977.0,
973.3.
 |
| Mini-Russell 5-Minute |
VIP chart shows us trading at the lows of the range from Monday, and we know
that if price-action can get back above the PLOD at 982.2 we have an easy buying
opportunity using the InsideOut Set-up.
If prices keep moving higher we will buy pullbacks using the 60-minute
anchor chart as our biggest clue. If
prices move lower we will look for a price-reversal at the support levels below
us at 977.0, 974.7, 973.2 and 971.0
for selling opportunities below the 973.3 but we need to see a 5-Minute candle
close below that level to consider selling it.
