09/23/2015 ES Trade Plan Worksheet

After initial sympathy with VW who quickly fell another 7.8% as their intentional emissions faking continues to be digested, the European session gradually turned positive and spent most of the early morning working higher providing some bullish relief to the ES four day selloff.  No tier one data in the US session, but Draghi and Lockhart speak; either could set a market direction.  Size bias is short but most of the selling was early before the European session rally, so I wouldn’t give the bias much weight.