Daily Market Analysis Blueprint 11/13/13

Gm ES key area resistance 59-62.5 if fail 51-47 . Longs will come with ES above 1765.5 must retest the 1773 shoulder seems the market is tired it is a daytrading market at ping pong channel net buyers and sellers plays and to be safe I am  selling premium last night and this morning OTM is safer till the ES-SPY and AAPL channel on your 60mn resolve themselves.

Also here it is dangerous to take intranights I would try to keep as much cash as possible besides if AAPL test 502-511 area longs for me if you buy options buy duration December Jan. GOOG seem tired too especially below 1013-1017- If Euro can stay above 1.34 till longs Strong support 1.3290-1.3324 area.

SO far buying the pullbacks on AAPL and ES-SPY work but you got to wait for the shift of momemtum on your sell and Caution Zones. Ideally a cross recross retest start with spreadS OTM to confim price action.

SEE YA tomorrow at the 2 days intensive DTZ analysis and Option Workshop.

11-13-2013 7-57-48 AM

 

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