Trade plan: ES sold off on Friday to the bottom of the recent balance area. We bounced back up into value and closed there. Globex has consolidated in a range between Friday POCs building out value at 1327 which is the MCVPOC also. With a balanced globex and no news release today I'm not expecting much action. I have pre market support at 1322-1324 and i will be looking for buyers to be active there. If we break below that i will be looking for buyers at the next levels down at 1314.50-1316.50 and 1309.50-1311.50 strong support. For the up side i have pre market resistance at 1327.50-1329.50 and im expecting sellers to be active there as well. If we break above that it will bring the 1333.50-1335.50 level back into play then the high of the year above. I will be cautious above the 1333-1335 level because we may get a break of the yearly highs. Over all i will be a buyer of support and a seller below the range highs.
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