News: No news release out today
Trade plan and Price action analysis: (Last week) Last week saw ES trade lower and this is still a PB in a bigger uptrend on the daily and weekly charts. There is no way of knowing how far it will PB. But i am expecting the market to have put in or is close to a intermediate term swing area on the chart. The past 2 weeks have had over lapping value on the weekly profiles and with summer right around the corner we may see more and more of that. (Globex) has been balanced all night. We traded up into resistance on Fridays session at 1345 and ticked down to 1338 support level. Globex is in the middle of Fridays value and I'm not expecting much to happen today. There isn't any news figures out today or tomorrow so I'm expecting a balanced session to take place.
(Trade plan) Im expecting a balanced session today due to lack of catalyst. We are balanced in fridays value area. I will be looking for buy and sell opps at my levels. If we get some kind of buying/selling in the market i expect it to be short lived. I will be patient and relaxed as i wait for the market to get to my planned areas of trade.
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