Morning, hope you had a good Thanksgiving! Commentary below the Zones.
ES – Wednesday saw it bouncing between the day’s top 1803 and 1807 caution zone levels. Today if bears pull it out of caution bottom at 1800, watch for the retest failure and potential support at 1791/92 area. If bulls push out of the top of caution, 1810.25 area and hold the retest watch for 1815 area.
SPY – Wednesday two way trading leading into the holiday, holding bottom of caution zone, with slight long bias with a close attempt at the first 181.29 target. Today if bears pull it out of caution bottom at 180.60, watch for the 180.03 area. If bulls push out of the top of caution, 181.31 and hold the retest watch for 181.95 area.
AAPL – Wednesday opened in buy zone, just above top of caution zone, 534.7, stormed through first target, paused at second, 543.1, broke through and held the third retest to make a new high at the close. Today potential key retrace areas are 542.41/540 area and if the longs keep firm hold, 556.80 important target.
GOOG – Wednesday saw break through 1062, with retest which is where it pretty much finished off at the close. Today watch potential 1053 retrace area. If the longs keep firm hold, watch 1075 target.
ZB – Wednesday, came out of the bottom of the caution zone, 132.06, failed the retest and went to second target, 131.20, then retested the 132.06 bottom of caution zone before dropping again. Over thanksgiving it dropped to Wednesday’s third target 130.15 area where it is now. Today pay attention to the price action if the bears stay in control at 130.07 and 129.10 for breaks with retests and fails. Watch for retraces to 131.04
CL – Today watch for resistance at 93.25 and support at 91.55
