Trade Plan from EMiniPlayer.net
The 1270.75 Resistance held to the tick in the overnight session and we got a pullback to the low 1250s, where Responsive Buyers were active on first test. Heading into the day session, we have the previous VPOC at 1261.50 and the previous close (gap fill) at 1261.75. A break above Initial Resistance would bring 1270.75 into play, with the open gap at 1273.25 and NVPOC at 1273.75 above that. The 1272.75-1274.75 will likely cap the upside. In the event of a downside move, we have Support at 1251-1253 followed by the Bull/Bear Area at 1248.25-1249.25. The selling could shut off by 1248.25. With no important econ releases, the expectation is for a Balanced session with Responsive Buyers active at Support and Responsive Sellers active at Resistance. Overall, Buyers remain in Control above the Bull/Bear Area with 1272.75-1274.75 as the final upside target on the day. Use the opening range, and opening type to determine immediate bias off the open.
5-minute Chart with Support/Resistance Zones
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