ES review & plan


Yesterday opened by the prior day's value area low and within the lower distribution. There was an attempt towards the prior low but buyers held firm and the market moved slowly higher in a rotational fashion.

Volume was low at 1.2m contracts and 3.7bn shares on NYSE. Cumulative delta remained positive and trending higher for the regular trading hours, showing a lack of aggressive selling after the prior day's drive lower.

Overnight has moved higher so far and climbing, with the range is 2075.00-85.25 versus settle at 2078.00. The zones of interest for today are below and my main expectation is a push higher through Monday's spike and rotation lower to retest support.