ES had a nice up day with a 15 point range. However, it was basically an inside day if viewed it with overnight profile. The critical level of 1795 to 1800 above still act like a cover stone. The daily formation still looks like a bear flag unless we move up and hold tomorrow. The closing sell off wiped out more than half of today's gain. We may see the market recheck yesterday's range and hope the low will hold.
I didn't have any fill today. It was up most of the day and I didn't want take any position on the sell off before closing. I would rather watch what happens tomorrow. If we go down I will have better opportunities. If we go up then my 1740 and 1730 positions would be much safer. Plus, overnight risk is still on.
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