ES review & plan

We finally saw a break from balance yesterday and the prior zones played out well, but volumes are still low at 1.3m contracts and 3.2bn shares on NYSE. The move lower went to the midpoint of the breakout day on Feb 20th. There was no continuation and shorts covered back into the prior balance range but below the overnight low.

Overnight has been weaker, trading within the lower part of yesterday's range. The dollar continues skyward and the euro is lower following marginally weaker than expected PMIs from the Eurozone. ADP employment came in under expectations, giving bonds a small bounce after their 4 point sell off of the past few days. There is the ISM non-manufacturing index at 9am ct and the Beige Book at 1pm ct of note. Volumes still maybe low ahead of tomorrow's ECB meeting. In the short term, the micro bull/bear zone I'm using is 2099.75-2101.75.