We look range bound on ES_F between 4606 and 4707. They moved the local POC to 4663 and am looking for that number going into RTH tomorrow.
Above 4663 in RTH we could go test 4681 and then off to 4700 area. I will be looking to fade 4700 area. If that fails, will look to 4740 again to hold the line for bears. 4740 is the breakout area that would take the market back to ATH and beyond.
We most likely stay range bound, but may get lucky for a 50 point move down if 4663 holds and they break this weekends lows of 4638.
Above 4663 in RTH we could go test 4681 and then off to 4700 area. I will be looking to fade 4700 area. If that fails, will look to 4740 again to hold the line for bears. 4740 is the breakout area that would take the market back to ATH and beyond.
We most likely stay range bound, but may get lucky for a 50 point move down if 4663 holds and they break this weekends lows of 4638.
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