E-Mini S&P Anchor Chart Prep

We can see
the price-action on the anchor chart trading sideways at 2 levels of major resistance.  We have both symmetry and overbought resistance
at the 1500.0 big-round-number.  This level
is causing price-action to trade sideways and we are looking for higher prices
as they move to the 1550.0 resistance.  

There
is a big clue we get if price-action fails above the 1500.0 and starts to move
lower.  If we get new lower-lows below
the 1500.0 we will then wait patiently for the long-term trend to change
directions and then start looking for selling opportunities on the way back
down to the support at the price-channel lows.

The entry
timeframe on the E-Mini S&P shows us a lot of clues to help our day trading
plan this morning.  We can see the
bullish price-channel which supports the idea of rising prices up to the 1550.0
as we discussed above.  IN addition to
the bull price-channel we can see symmetry resistance at 1541.25 and 2 possible
Inside Out Set-ups to the short-side if the buyers try and FAIL to move prices
higher above both the 1519.25 and 1524.25. 
In the opposite direction we have the PLOD levels at 1500.50 and 1491.25
to use for buying opportunities and the InsideOut Set-up long.

The most
important clue we see on the E-Mini S&P is the fact that we are in the
middle of this trading range and we need to get a more active market
personality before we get the high-percentage-set-ups today.  Look for the high-percentage-trades to occur
at the PHOD or the PLOD on the E-Mini S&P.