Range Bound- PPI data tomorrow
Market Structure
Short Term Trend. E-Mini market has effectively put in a lower high and lower low on the daily. We are trending down, however, we remain within the prior week's range. So on a larger timeframe, the weekly, we are balancing.
Plan for Tuesday Auction.
Pivot is 3630.
Above bulls target(s) are 3639 / 3652 / 3667. Break and hold above 3667 target(s) 3687 / 3700 / 3710.
Below bears target(s) are 3613 / 3595 / 3580 / 3559.
Short Term Trend. E-Mini market has effectively put in a lower high and lower low on the daily. We are trending down, however, we remain within the prior week's range. So on a larger timeframe, the weekly, we are balancing.
Plan for Tuesday Auction.
Pivot is 3630.
Above bulls target(s) are 3639 / 3652 / 3667. Break and hold above 3667 target(s) 3687 / 3700 / 3710.
Below bears target(s) are 3613 / 3595 / 3580 / 3559.
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