Overnight, ES held above the 1329-1331 Support while 1337.50 Resistance capped the upside, and we ended up with a Balanced overnight session. Heading into the day, we have Initial Support at 1329-1331; rejection at that Support Zone would bring the 1336-1337.50 Pre-Market Resistance into play, followed by 1339.25-1341.25 Initial Resistance (previous Close at 1339, previous VPOC at 1339.25). With no key economic releases scheduled for today, any news out of Europe will be the focus and drive price. Bigger picture, Buyers are in Control and in the event that we break below 1329-1331, the expectation is for Responsive Buyers to be active at every support area (1326.50, 1322.50-1324.50, 1320). On the upside, the primary target is 1339.25-1341.25. Overall, the expectation is for a Balanced session with Responsive Buyers active at Support as ES consolidates Friday's breakout. Short-term bias remains Bullish above 1329-1331. Bigger picture bias remains Bullish above 1320.
5-min Chart with EMiniPlayer.net Support/Resistance Zones
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