Note how the ES futures (above) get got been trading overnight later yesterday's slow afternoon selloff. We get got traded inward a relatively narrow range, attempted to intermission below yesterday's depression (failed) in addition to and thence attempted to intermission to overnight highs earlier the 7:30 AM CT numbers (and failed). As a result, nosotros are trading solidly inward the overnight range, alongside the overnight highs in addition to lows defining of import near-term levels. The longer nosotros pass inward this range, the to a greater extent than concern nosotros transact at the lower halt of yesterday's range, in addition to the lower nosotros bring value. For the twenty-four hours session, I would hold off a overnice bounce higher if nosotros tin concord inward a higher house yesterday's lows on early on selling. Inability to issue the overnight highs inward early on buying would target those recent lows.
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