ES review & plan
The market pushed higher yesterday following news of a potential 6 month delay for Greece meeting it's obligations. Volume was below average at 1.3m contracts and 3.6bn shares on NYSE and the internals were not overly strong, however.
There is a double distribution left in yesterday's profile with single ticks between 2058.75-2061.25. This is a bull/bear zone for today's RTH session.
Building above yesterday's VPOC should lead to another attempt at the breakout to new highs but acceptance below the bull/bear zone should target yesterday's lows.
Overnight the market has been in a narrow range (2057.75-2064.00), with the bulk of trade within the single print area of yesterday's RTH profile. There is no major economic data due but the Fed's Fisher is speaking on monetary policy at 7am ct.
A break of the bull/bear zone sees initial support at 2053.50-2055.00 and initial resistance at 2064.00 - 2066.50.