From today's EMiniPlayer.net Trade Plan: Yesterday's Review/Analysis post mentioned that Buyers were in Control
above 1383.25-1385.25. Overnight, ES pulled back and found Responsive
Buyers ahead of that area, and the Overnight Low ended up at 1386 before
Buyers pushed ES to a new weekly high. Heading into the day session, we
have Initial Resistance at 1403.25-1405.25, followed by 1407.25-1409.25
(NVPOC 1408, Open Gap 1408.75). ES is set to open above Value, and I'm
expecting more edge at the Resistance Zones with the 1407.25-1409.25
Resistance Zone capping the upside. On the downside, our target is the
1396-1398 Pre-Market Support Zone. I expect Responsive Buyers at the
Support Zones. The primary economic catalyst today is Consumer Sentiment
at 8:55 AM (CT). Bigger picture, Buyers remain in Control above the
1383-1385 Bull/Bear Zone.
5-min Chart with EMiniPlayer.net Support/Resistance Zones
View full size chart
5-min Chart with EMiniPlayer.net Support/Resistance Zones
View full size chart
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