News: Jobless claims @ 8:30 AM, Philly fed survey @ 10AM, Leading indicators @ 10AM
Trade plan: Yesterday i had to go to pick up wife from airport so i couldn't do an end of day review. But ES mostly consolidated in a range between my 2 levels at 1323-1325 and 1327.50-1329.50. The market is obviously waiting to see how the company's report this week. And from the results most earning have been pretty good. The market is reacting well from the releases and im still expecting more upside this week, possibly even breaking the highs of the year. Globex has been moving higher all night and has tested the highs of the year. Buyers are in full control and i expect any sell offs into support to be bought and so i will be a buyer at my support levels. I will also be cautious on the long side up here as this is an area where responsive sellers can be active especially after a move up like the past few days. This is why i want to be a buyer on pullbacks into support. The risk is on the long side up at these levels.
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