News: No news release today
Trade plan and Price action analysis: (This week) On the daily chart it appears that we have put in the swing low from last week and this looking like a PB in the uptrend and higher prices can be expected. Globex has been trading higher over night. I will be looking to buy into PBs into support areas. I have premarket support at 1342.50-1343.75 where i expect buyers to be active on first touch. A break below that will bring in a quick move to test Mondays vpoc at 1338.25 and the 1335-1337 level where i want to see buyers at. A break below that would be a red flag for buyers and i will be looking for lower prices. On the up side i have initial resistance at 1351-1353 and expect sellers there as well on first test. There is no catalyst today so I'm expecting a balanced session to take place and will be looking to buy/sell at the extremes.
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