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Daily Review / A day in the range with buyers unable to make new highs today
A day in the range with buyers unable to make new highs today
The after hours session last night was uneventful, and after an initial rally out of the US cash session the rest of the trade day was also uneventful. We traded with the current upper range of price with no retest of the current high at 1038.00 level. The ES was still unable to test the breakout zone today of the 1017.75 to 1016.00 levels. With the market trading in a congested range most of the day, I would not at all be surprised to see some range extension tomorrow so here is my call;
80% probability we range extend below the 1016.00 level and 20% we range extend above the 1038.00 level…..this is my call and I will hang my hat on it! 
Video 1
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