S&P 500 E-mini Futures
Updated

TRADING RANGE - ES!

56
DT on the daily, ES! may pullback a little bit lower before moving up and breakout to a establish a new high. Last Friday was a High2 pullback, close lower than the previous bar. Looks like a consolidation or a trading range between 6336 to 6246. On the 15min paints 2 potential move either up or down, and bias seems to be bearish to complete the symmetry of the previous down leg then reverse back up. Rule of thumb buy or sell stop 1 tick above or below the marked lines.
Trade active
As expected Bearish Bias happened and created a Gap and market set Bear Traps before moving higher closing the Gap then bounced off the Top of the Trading Range. Tomorrow will be interesting , with the news. TR may continue until the NY session open, either break out in the upside or downside. Stop Sell and Stop Buy -1 or +1 above the range may produce good profits. Good Luck!

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