With Citi's better than expected earnings market popped pre open. From the TA's point it was at end of the HVA and low of B band. ES and NQ traded inside of last Friday's range but couldn't break out. In the early afternoon it started to push down and closed last Friday's gap and pushed back. It looks like a decent rejection at bottom. If the market can hold the low tomorrow and push back to last Thursday's range the we may be safe. Otherwise a new low is still possible. I will exit my near the money positions on any pop to reduce risk.
Wheat and corn opened higher last night on Ukraine tension and export data. Wheat is near 680 again. I will monitor it tomorrow and may raise my exit target for risk control.
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