T.J. 7-1-13 Monday

ES retested last Friday's low over night and pushed up from open. It closed half of the gap from the Fed meeting drop. It couldn't completely close the gap of 1622 and pulled back to retest the lower end of CLV area and open before closing. It's a similar pattern of last Friday.  It seams the market is not confident enough to stay high overnight. It may stay range bounded for this July 4th week baring from any major news.