Given recent strength off the 1,040 level and the current outside reversal pattern, we could be looking at bullish days ahead for the E-Mini S&P 500 futures contract. Here’s what I’ll be watching today.
The ES played extremely well off our Action Levels yesterday, as two decent sell opportunties led to moves of 12 and 9 points. Given yesterday’s relatively quiet trading day, we could see another explosive breakout/trend day upon us. Let’s take a look at the levels to watch for today’s trading.