E-Mini S&P 500 Futures
Unless we get some unexpected news (Bernanke, Greece, etc), I'm anticipating some consolidation up here. We could easily re-test the low 1100s, and I'm anticipating aggressive buying in the 1096.50-1099 Area. Now, in the event, that we don't get aggressive buying in that area, I will use that as a Key piece of information and it would be indicative of a shift in control from the Buyers to the Sellers. We could see some Long liquidation below 1092, but I'm not expecting price to get there tomorrow. Regardless, we must be prepared for all scenarios: anything can happen at any time -- don't try to justify it or over-analyze it, just go with it and trade it!
Federal Reserve Chairman Ben Bernanke scheduled to appear before the House Financial Services Committee hearing on "Prospects for Employment Growth: Is Additional Stimulus Needed?" at 10 AM (cst).
ES - Daily Chart with Volume Profile and Key Levels