This thread will contain my daily commentary on the US index futures. There will be a pre NYSE open post detailing the outlook and levels for the day ahead. An update around mid day and then a post after close. Hope this will be useful to members
Bias: Bullish Optimal Buy Zone: 935 or below Optimal Profit Zone: 948 or above Proven wrong: 928 or below Expected Range: 933 - 955 Comment: I expect an up day in ES. Keep an eye on outlier reading on the Michigan Sentiment at 9:55 ET. Next update mid day ET.
ESU entered our optimal buy zone (935) for the day but did not go below the stop point (928) as outlined in the morning report. I still maintain the bias (bullish) from the morning report for the rest of the day and expect ESU (currently at 935.75) to see levels above 940 before the close.