Review & Plan - Monday


Friday left a strong high after 3 point selling tail and rejection of the prior day high. Value was left overlapping lower to Thursday.


We potentially have at intermediate term high in place to give the market a chance to auction back towards the breakout point after such an extended move. The longer term trend remains bullish for now though there should be plenty of opportunities on the short side as well if we're going to see a short term correction.

If the market builds price above Friday's value area then buyers can regain control of this market and go for the 2168.00 globex highwhich hasn't been hit during the day session yet, which odds favour happening at some point.

The zones for today are below.

2155.00-56.25 is my short term bull bear for today.