ES review & plan

Value overlapped the prior day and the POC/VPOC were higher despite the lower low and high relative to Friday. The early low broke through the poor low from Friday and found buyers, then rallied to eventually break through the overnight high in the afternoon before finding sellers to finish approximately mid-range.

The composite volume profile shows the magnetic pull of the high volume 2098.00-2094.00 area. A break through the near term support/resistance areas gives higher odds of a directional move today or else the market may likely remain in balance.

Initial Support: 2095.25-97.25

Initial Resistance: 2109.25-12.75

Overnight the range is currently 2094.00-2112.75 versus settlement at 2109.25.