02/17/2017 ES Trade Plan Worksheet

 Pre-market Commentary  Comments Off on 02/17/2017 ES Trade Plan Worksheet
Feb 172017
 

Globex trading turned bearish during the European session on no significant new fundamental information as we head into a 3-day US stock market weekend (Monday is US Presidents Day).  There is no scheduled US economic data for this morning.  The ES is technically overdue for a bearish pullback, but the bears probably won’t get much going unless they can clear the 2331 area.  Volatility should remain similar to yesterday unless the bears get some momentum going.  Volatility may dry up this afternoon as traders start closing shop for the long weekend.  Size bias is short into the US session open.

 

 Posted by at 6:24 am