E-Mini S&P 500 Futures
Today's run up indicates a strong push by the other time-frame buyer, and so far buyers are in control in the overnight session as well. I'm anticipating consolidation or minor range expansion to the upside tomorrow. The average range estimate is 12-16 points. When a market is consolidating, I look to fade the moves into support/resistance, which means I'll be looking to short around 1132-1133 on first touch, again in the 1135-1137 area and finally in the 1140-1142 area. By the same principle, I'll be looking to go Long in the 1123.25-1125 area on first touch, and again in the 1118 and 1112 areas. Read the price action in real-time and enter if an entry within your risk parameters presents itself.
Redbook at 7:55 AM (CST), Factory Orders and Pending Home Sales Index at 9:00 AM (CST)
ES - Daily Bar Chart with Volume Profile and Key Levels
Upside Key Levels
Downside Key Levels