E-Mini S&P 500 Futures
The Key Levels from Friday were in-play during the overnight session, and we observed rotation in the 1072-1074 Resistance Area and the 1077-1079 Area. With no significant catalyst to move the market today, the expectation is for ES to Balance within the 1063-1083 range. Given this scenario, I'm a Responsive Seller at the 1081.25-1083.25 Resistance Area, and will look for Responsive Buying opportunities in the 1063-1065 Support Area. The Bull/Bear Line in Sand is at 1084.25 and my focus will be on the Short side below that Level. Longs are counter-trend, so risk management will be tigher on Longs. A break below 1063 would confirm Sellers in control. A break above 1084.25 would be a warning sign for Sellers, and a break above 1091.25 would begin shifting control to the Buyers.
Econ Data
Chicago Fed National Activity Index at 7:30 AM (CT)
ES - Daily Chart with Volume Profile and Key Levels (click on image below to enlarge)
