ES review & plan
Volatility returned yesterday to see a 40 point drop form a V- reversal and rally 40 points. The latter part of the session was split by a spike of single prints between 2064.25-68.25, which will be an important area to watch today for acceptance/rejection. Volume was high at 2.5m contracts and 4.5bn shares traded on NYSE.
Overnight has seen markets begin to take notice of the bubble bursting in China while awaiting the next Greek headline. The ES range overnight is 2042.25-74.75 on above average volume, versus settlement at 2073.75. The FOMC minutes are released at 1pm ct.
Zones for today: