Short term traders still dominate ES – track Crude

Monday March 7 Inside Day

The S&P eminis once again tracked crude higher for most of the early session Monday until a liquidation break after H period sold off to a point above the open. Monday is an inside day. Watch on Tuesday for potentially either a look above or below the now two day balance and either accelerate or fail back into it. Any failure could see price revert back to the opposite side of the balance area. Acceleration either higher or lower could target levels mentioned in previous posts.

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