Review & Plan - Tuesday
Futures volume was light yesterday at just 1.2m contracts and another attempt to break down through last week's spike was stopped. The late rally has pushed above the downward channel/flag formation of the past few days seen on the 60 min chart below.
Overnight has ranged between 2081.50-91.25 versus settlement at 2083.25
My bull/bear zone for today is 2084.25-86.25. My primary expectation is for this to hold and see a push into 2091.50-93.00 at least, potentially higher. Failure at the bull/bear and a retest of recent lows.