News: Consumer price index @ 8:30AM, Empire state Mfg survey @ 8:30AM, Treasury international capital @ 9AM, Industrial production @ 9:15AM, Consumer sentiment @ 9:55AM
Trade plan: ES had some good buying come in off of the 50 % retrace level at 1299.00 area yesterday and then bounced up into the CVPOC at 1311 area. Globex formed value higher up on yesterdays value so the short term we are bullish with the bullish macro in place. There are a few news releases out today most importantly is the consumer confidence number at 9:55AM. I'm expecting buyers and sellers to be active at the support and resistance levels today. And im expecting a balanced session unless we get some initiative action on the release of the figures.
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