News: Consumer confidence @ 10AM
Trade plan: Yesterday saw ES trade in a small range due to Europe being closed for a holiday.ES has been balancing in a range building acceptance at 1331.75 poc. WE are at the top of a bigger balance area and i could expect responsive sellers to be active up here. Although buyers are still in control. I will still be playing longs on PBs into support. I believe the bullish picture is still intact and that buyers will be active at every support level. If we break the highs of the year i will wait for a retest of the previous area before getting long and i am expecting sellers to be active at the 1344-1342 resistance area above. For shorts i need to see the market get tired of trying to move higher by putting in poor attempts to break the highs. Over all buyers are in control and i will only take shorts for quick trades into support targets.
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