Review & Plan Jan 15th
Jan 14th
Yesterday was the highest volume day of the year in both ES and on NYSE. Just over 3m contracts traded and 5.2bn shares traded on NYSE.
The average Globex range for the year is now 50 points and 2.5m volume.
Overnight has seen most of the gains given back as Crude has collapsed again, currently down 5% at $29.50.
The ES range is so far 1871.50-1921.00, which has been in a steady downtrend all session. Globex VWAP is around 1893 versus settlement at 1914.50, so we have a market net short overnight going into the open.
Zones for today and expected moves/reactions.