Tuesday Plan


The market has held a tight range between 2365.50-68.75 so far on light volume ahead of several important numbers.

Overnight support 64.75-66.00  Overnight Resistance 68.75, 70.00-70.75

A fairly business calendar today (times CT) with Trump's speech to Congress this evening which could trigger a big move in Globex tonight.

If overnight support can hold then it's a fairly easy run up to new highs. For the past two days we've seen aggressive buying into the close, both around 30k cumulative delta. A break below the range vpoc could see a test of yesterday's range or break lower trapping recent longs