ES review & plan
Another quiet balancing day on fairly low volume of 1.3m contracts and 3.2bn shares on NYSE. The low at 2014.25 saw buyers step in a tick above the bull/bear zone, showing longs remain in control for now (see chart notes above).
Overnight has been in a narrow range between 2019.25-27.25 versus settle at 2027.50
Housing Starts are due at 7:30am ct and Janet Yellen is speaking at 10:00am ct. There's pre-market support at 2018-20 and pre-market resistance at 2026.25-27.25. The next major areas of support and resistance I'm seeing are highlighted below, with 2012-14 staying as the bull/bear zone for now.
