E-Mini S&P 500 Futures
1087.50 capped the Buying in the overnight session, and the 1085.50-1087.50 Area provided good trade location for Shorts. The Bull/Bear Line in Sand is at 1093.50, and after yesterday's trend down day, the focus remains on the Short side below that level. I'll be watching for Responsive Buyers at the open, especially if we open within or slightly above a Support Area. I anticipate Responsive Buyers in the 1060-1062 Area, and am a Buyer there on first touch. On the upside, I anticipate Responsive Sellers in the 1089.25-1091.25 Area and am a Seller there on first touch. Unless we see continued initiative selling, we could just consolidate at these lower prices today.
Econ Data
Jobless Claims at 7:30 AM (CT), Import and Export Prices at 7:30 AM (CT), EIA Natural Gas Report at 9:30 AM (CT), 30-Yr Bond Auction at 12:00 PM (CT), Fed Balance Sheet and Money Supply at 3:30 PM (CT)
ES - Daily Chart with Volume Profile and Key Levels (click on image below to enlarge)
