News: No news release today
Trade plan and Price action analysis: (Price action) Yesterday ES established value higher and vpoc shifted up giving us a bullish bias. Globex has traded into resistance at 1344 area around yesterday's highs and has since sold down to find support. We have bounced at 1336.50 the mcvpoc and i will monitor if this area is gonna hold and will make adjustments if need be. Globex is neutral right now and is trading in yesterday range giving me a neutral to bullish bias heading into today.
(Trade plan) With no catalyst out today ES could just trade in a range and balance for the day. Im expecting the market to trade slightly higher and place value slightly higher. I will be looking for opps at my levels on both the long and short side. The bigger picture is still intact and is bullish and we are ranging on the middle time frame (200 min). Im still expecting buyers to be active at support and will look for longs there. Fridays have typically been quite and with no release today im expecting that.
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