ES review & plan

Friday was a fairly small range, below average volume day with bulls in short term control. 1.3m ES contracts traded and 3.5bn shares on NYSE.

A poor high was left on Friday and a prominent POC/VPOC was left acting as support. The next area above where there is a confluence of levels is 2036.50-40.50, where composite HVNs, Aug 12th low and 200 day sma converge.

Short term the bull/bear zone is 2012-14 which could see weak longs liquidate below and target the base of the breakout area at 2000 and naked VPOC at 1994.25.

There is no tier 1 US data due and we may see support gets tested before attempting to push through Friday's high to test the next resistance area above.