With light news-flow overnight, yesterday’s ECB announcements is given credit for the Asian and European session bullishness.  Oil has been acting much stronger with WTI now above $38.50 up from the low $30s just a couple of weeks ago.  The light news-flow continues into the US session with no tier one data today.  Volatility remains high after the ECB press conference.  I expect volatility to start shrinking again as the ES is back up against significant resistance.  Size bias is long into the US session open.

Note: today’s trade plan is based on the June 2016 ES contract.  Volume has shifted overnight with the majority of the volume now trading on the June contract.