News: International trade @ 8:30AM, Treasury budget @ 2PM
Trade plan and Price action analysis: (Price action) ES ended the day up as it built value higher with buyers in control. We took out an important level that confirmed buyers are in control (1351.50). The swing low has been put in at the 1325-1327 level last week and as i said buyers are in full control once again. I'm expecting more upside to come possibly even new highs on the year. Globex has established value higher up giving us a bullish macro structure.
(Trade plan) The plan today is to look to buy PBs into support areas. The buyers are in control and the focus will be on the long side. Shorts will more than likely be taken as scalps. But it depends on how the days unfolds in terms of price action and internals.
