A very interesting week last week for the ES! (E-Mini S&P 500)
What with the tweets, corporate earnings and the continued trade war!
Uncertainty still prevails. This should be another interesting week. A lot of opportunity and I am expecting a considerable amount of volatility.
There is much in the way of scheduled news events.
Sunday open could be either be a gap down or an inside or a bounce to the upside.
Price action and closed is signalling an upside. However, there is chance that price will want to test Friday low and naked POC at 2814.25 before a move up.
Also of note is that price touched 2827.00 a 0.786 Fib
A confirmation for a bullish day we should see:
1. Price take out Friday’s high
2. Price closing above VWAP
3. Value area must remain in upper area of Friday’s VA or more
4. POC must be equal or above Friday’s
What with the tweets, corporate earnings and the continued trade war!
Uncertainty still prevails. This should be another interesting week. A lot of opportunity and I am expecting a considerable amount of volatility.
There is much in the way of scheduled news events.
Sunday open could be either be a gap down or an inside or a bounce to the upside.
Price action and closed is signalling an upside. However, there is chance that price will want to test Friday low and naked POC at 2814.25 before a move up.
Also of note is that price touched 2827.00 a 0.786 Fib
A confirmation for a bullish day we should see:
1. Price take out Friday’s high
2. Price closing above VWAP
3. Value area must remain in upper area of Friday’s VA or more
4. POC must be equal or above Friday’s