News: GDP @ 8:30AM, Jobless claims @ 8:30AM, Pending home sales @ 10AM
Trade plan: Market is still in a bullish context and structure and buyers are still in control. Im expecting buyers to be active still at support but only on pullbacks into support at lower levels. The reason is that sellers could just the market down to strong support at any time to retest areas below to find more buyers. Globex has been establishing value higher up and has since been trading down to yesterdays value area. So i will be looking for buyers on the open. We have pending home sales at 10 AM and we may balance before that.
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