ES review & plan

Yesterday was a low volume, small range day. 1.3m contracts traded and 3.6bn shares on NYSE. Sellers were more aggressive for the session, as can be seen in the cumulative delta. 

The area is trading around the composite VPOC, which is currently at 2079.00. The fast acceleration higher into this prior area of two-sided trade has slowed things down for now. This is going to be an important pivot for longs or shorts to dominate above or below.

Overnight so far the range is 2076.00-85.75 versus settlement at 2079.25. Longs still have the overall bias and am expecting at least a test of yesterday's overnight high and potentially a push through to the other zones shown. A break below yesterday's low could see some short term liquidation and will watch the zones for reaction. 2063.50 remains my micro bull/bear for today.